Basis of Presentation, Summary of Significant Accounting Policies and Change in Accounting Principles (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Restricted Cash and Restricted Investments

Restricted cash includes cash and investments used to collateralize various contractual obligations (in thousands) as follows:




	March 31, 2026		December 31, 2025
Collateral for letters of credit for facility leases (1)	$	222	$	222
Collateral with financial institutions (2)	15,739		15,706
Claims processing services (3)	10,755		12,912
Total restricted cash	$	26,716	$	28,840

Current restricted cash	$	23,977	$	26,134
Total current restricted cash	$	23,977	$	26,134

Non-current restricted cash	$	2,739	$	2,706
Total non-current restricted cash	$	2,739	$	2,706

————————

(1)Represents restricted cash related to collateral for letters of credit required in conjunction with lease agreements. See Note 11 for further discussion of our lease commitments.

(2)Represents collateral held with financial institutions for risk-sharing and other arrangements which are held in a FDIC participating bank account.

(3)Represents cash held by the Company related to claims processing services on behalf of partners. These are pass-through amounts and can fluctuate materially from period to period depending on the timing of when the claims are processed.

Schedule of Consolidated Statements of Cash Flows

The following table provides a reconciliation of cash and cash equivalents and current and noncurrent restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):


	March 31,
	2026		2025
Cash and cash equivalents	$	142,028	$	246,547
Restricted cash	26,716		31,298
Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	168,744	$	277,845

Schedule of Estimated Useful Lives Assets

The following summarizes the estimated useful lives by asset classification:



Customer relationships			11 - 25 years
Technology			5 years

Details of our intangible assets (in thousands, except weighted-average useful lives) are presented below:


	March 31, 2026							December 31, 2025
	Weighted- Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Corporate trade name	0.0	$	51,965	$	51,965	$	—	0.0	$	51,965	$	51,965	$	—
Customer relationships	12.4	806,668		266,709		539,959		12.6	806,668		255,517		551,151
Technology	1.8	169,715		139,992		29,723		2.0	169,715		135,929		33,786
Below market lease, net	0.0	1,218		1,218		—		0.0	1,218		1,218		—
Provider network contracts	0.0	9,600		9,600		—		0.0	9,600		9,600		—
Total intangible assets, net		$	1,039,166	$	469,484	$	569,682		$	1,039,166	$	454,229	$	584,937