Balance Sheet Components (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Schedule of the Company's Prepaid and Other Current Assets |
The Company’s prepaid and other current assets recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Agent advances |
|
$ |
34,364 |
|
|
$ |
40,294 |
|
Deferred offering costs |
|
|
— |
|
|
|
7,241 |
|
Other assets |
|
|
11,221 |
|
|
|
7,018 |
|
Total prepaid and other assets |
|
$ |
45,585 |
|
|
$ |
54,553 |
|
|
| Schedule of Net Company's Property and Equipment |
The components of the Company’s property and equipment, net as of June 30, 2026 and December 31, 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Developed software |
|
$ |
27,394 |
|
|
$ |
22,535 |
|
Computer equipment |
|
|
4,443 |
|
|
|
3,798 |
|
System consulting |
|
|
141 |
|
|
|
141 |
|
Furniture and fixtures |
|
|
86 |
|
|
|
53 |
|
Leasehold improvements |
|
|
7 |
|
|
|
7 |
|
Property and equipment |
|
|
32,071 |
|
|
|
26,534 |
|
Accumulated depreciation and amortization |
|
|
(21,085 |
) |
|
|
(18,345 |
) |
Total property and equipment, net |
|
$ |
10,986 |
|
|
$ |
8,189 |
|
|
| Schedule of the Company's Accrued Expenses |
The Company’s accrued expenses recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Accrued sales and marketing expenses |
|
$ |
50,961 |
|
|
$ |
27,761 |
|
Accrued payroll and compensation |
|
|
4,391 |
|
|
|
2,890 |
|
Accrued underwriting expenses |
|
|
3,487 |
|
|
|
2,615 |
|
Accrued professional services expenses |
|
|
1,566 |
|
|
|
1,004 |
|
Deferred offering costs payable |
|
|
— |
|
|
|
934 |
|
Other accrued expenses |
|
|
1,648 |
|
|
|
4,020 |
|
Total accrued expenses |
|
$ |
62,053 |
|
|
$ |
39,224 |
|
|
| Schedule of the Company's Other Current Liabilities |
The Company’s other current liabilities recorded in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Persistency reserve liability (1) |
|
$ |
43,203 |
|
|
$ |
4,879 |
|
Taxes payable |
|
|
2,016 |
|
|
|
1,092 |
|
Other current liabilities |
|
|
898 |
|
|
|
50 |
|
Total other current liabilities |
|
$ |
46,117 |
|
|
$ |
6,021 |
|
|