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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 44,451 $ 49,113 $ 23,696
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,270 10,535 9,244
Amortization of debt discounts and issuance costs 1,142 420 225
(Gain) loss on disposal of fixed assets (189) 74 0
Loss on debt extinguishment 804 0 0
Impairment expense 4,694 347 3,628
Bad debt expense 1,842 2,901 4,361
Equity-based compensation 23,375 27,971 23,989
Adjustments to tax receivable agreement liability 516 8,672 23,640
Deferred income taxes 5,888 (3,745) (22,123)
Noncash lease expense (1,723) (4,476) (748)
Cloud computing arrangement implementation costs (657) (1,180) (85)
Changes in operating assets and liabilities:      
Receivable from franchisees 104 3,858 7,666
Commissions and agency fees receivable (6,027) (19,950) (28)
Prepaid expenses 588 (250) (3,555)
Other assets 966 827 486
Accounts payable and accrued expenses 6,913 5,060 (109)
Contract liabilities (2,200) (8,633) (19,454)
Net cash provided by operating activities 91,757 71,544 50,833
Cash flows from investing activities:      
Issuance of notes receivable to franchisees (125) (325) (130)
Proceeds from notes receivable to franchisees 303 94 0
Capitalized software development costs (13,096) (11,209) (7,705)
Cash consideration paid for asset acquisitions (4,922) 0 (6,895)
Cash paid for asset disposals (32) 0 0
Purchase of property and equipment (5,671) (979) (4,452)
Net cash used for investing activities (23,543) (12,419) (19,182)
Cash flows from financing activities:      
Customer premiums, net (481) 994 (75)
Debt issuance cost (7,944) (621) 0
Repayment of notes payable (101,700) (9,422) (16,875)
Proceeds from notes payable 306,374 25,000 0
Proceeds from the issuance of Class A common stock 13,967 12,235 9,898
Repurchases of Class A common stock (81,720) (63,184) 0
Member distributions (64,224) (4,829) (10,939)
Payments pursuant to tax receivable agreement (6,736) (5,372) 0
Dividends to stockholders (145,786) 0 0
Net cash used for financing activities (88,250) (45,199) (17,991)
Net increase (decrease) in cash and cash equivalents, and restricted cash (20,036) 13,926 13,660
Cash and cash equivalents, and restricted cash, beginning of period 57,973 44,047 30,387
Cash and cash equivalents, and restricted cash, end of period 37,937 57,973 44,047
Supplemental disclosure of cash flow data:      
Cash paid during the year for interest 21,711 6,876 6,369
Cash paid for income taxes 929 631 701
Cash paid pursuant to tax receivable agreement $ 7,371 $ 5,372 $ 421