Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 410,217 $ 196,046
Accounts receivable, net 33,641 4,268
Short-term investments 10,142  
Reinsurance balance due 246,170  
Prepaid expenses and other current assets 8,636 4,080
Restricted cash 4,614 11,407
Total current assets 713,420 215,801
Property, equipment, and software, net 7,656 4,593
Goodwill 170,427 28,289
Long-term investments 58,646  
Intangible assets, net 91,650 15,961
Restricted cash, non-current 1,000  
Long-term insurance commissions receivable 7,159 3,365
Other assets 368 378
Total assets 1,050,326 268,387
Current liabilities    
Accounts payable 5,525 9,203
Accrued expenses and other current liabilities 57,274 9,905
Deferred revenue 190,137 5,208
Refundable customer deposit 1,509 2,664
Current portion of long-term debt 107 4,746
Losses and loss adjustment expense reserves 87,737  
Other insurance liabilities, current 34,819  
Total current liabilities 377,108 31,726
Long-term debt 417,976 43,237
Refundable customer deposit, non-current   529
Earnout liability, at fair value 39,811 50,238
Private warrant liability, at fair value 17,706 31,534
Other liabilities (includes $2,849 and $3,549 at fair value, respectively) 5,449 3,798
Total liabilities 858,050 161,062
Commitments and contingencies (Note 11)
Stockholders' equity    
Common stock, $0.0001 par value: Authorized shares - 400,000,000 and 400,000,000, respectively Issued and outstanding shares - 97,332,998 and 81,669,151, respectively 10 8
Additional paid-in capital 596,156 424,823
Accumulated other comprehensive income 113  
Accumulated deficit (404,003) (317,506)
Total stockholders' equity 192,276 107,325
Total liabilities and stockholders' equity $ 1,050,326 $ 268,387