v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Note 11: Segment Reporting
The Company’s operations are organized under one reportable segment. The following tables present information about the Company’s reportable segment:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Operating revenue$386,381 $355,788 $772,771 $729,013 
Less:
Medical claims expense(268,595)(321,109)(574,437)(673,426)
Other medical expense(1)
(31,782)(30,241)(61,964)(49,967)
Depreciation and amortization(21,044)(21,083)(42,118)(42,135)
Other segment items(2)
(40,182)(15,352)(60,915)(30,252)
Interest expense
(7,862)(10,145)(24,628)(18,870)
Interest income— 458 250 780 
Income (loss) before income taxes16,916 (41,684)8,959 (84,857)
Income tax (provision) benefit
(1,265)(1,981)9,732 (3,054)
Net income (loss)
$15,651 $(43,665)$18,691 $(87,911)
June 30, 2026December 31, 2025
(in thousands)
Segment assets$135,273 $92,458 
Other assets(3)
519,119 564,183 
Total assets$654,392 $656,641 
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(1)Other medical expense includes subcapitation expense, affiliate provider compensation expense, and other non-claim costs.
(2)Other segment items include premium deficiency reserve, corporate, general and administrative expense, and miscellaneous income and expense.
(3)Other assets consists of cash, restricted cash, prepaid expenses and other current assets, other receivables, assets held for sale, and other long-term assets not allocated to the reportable segment.