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v3.25.1

Supplemental Financial Statement Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Schedule of Cash and Cash Equivalents | Our cash, cash equivalents and restricted cash balances are summarized as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Cash | $ | 27,982 |  |  | $ | 10,927 |
Cash equivalents | 93,110 |  |  | 28,270 |
Cash and cash equivalents | 121,092 |  |  | 39,197 |
Restricted cash | 3,090 |  |  | 3,090 |
Total cash, cash equivalents and restricted cash | $ | 124,182 |  |  | $ | 42,287 |
Schedule of Restricted Cash | Our cash, cash equivalents and restricted cash balances are summarized as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Cash | $ | 27,982 |  |  | $ | 10,927 |
Cash equivalents | 93,110 |  |  | 28,270 |
Cash and cash equivalents | 121,092 |  |  | 39,197 |
Restricted cash | 3,090 |  |  | 3,090 |
Total cash, cash equivalents and restricted cash | $ | 124,182 |  |  | $ | 42,287 |
Schedule of Change in Allowance for Credit Loss | The change in the allowance for credit losses is summarized as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Beginning balance | $ | 2,222 |  |  | $ | 2,118 |
Change in allowance | (315) |  |  | 104 |
Ending balance | $ | 1,907 |  |  | $ | 2,222 |
Schedule of Contract Assets - Commissions Receivable | Our contract assets – commissions receivable activities, net of credit loss allowances, are summarized as follows (in thousands):
| Medicare Segment |  | E&I Segment |  | Total |  |
Beginning balance at December 31, 2024 | $ | 936,940 |  |  | $ | 63,050 |  |  | $ | 999,990 |  |  |
Commission revenue from members approved during the period | 81,754 |  |  | 3,858 |  |  | 85,612 |  |  |
Commission revenue from renewals of small business members during the period | — |  |  | 2,850 |  |  | 2,850 |  |  |
Net commission revenue from members approved in prior periods | 7,965 |  |  | 2,519 |  |  | 10,484 |  |  |
Cash receipts | (168,715) |  |  | (7,279) |  |  | (175,994) |  |  |
Net change in credit loss allowance | 293 |  |  | 22 |  |  | 315 |  |  |
Ending balance at March 31, 2025 | $ | 858,237 |  |  | $ | 65,020 |  |  | $ | 923,257 |  |  |
Schedule of Credit Risk | Carriers that represented 10% or more of our total contract assets – commissions receivable and accounts receivable balances are summarized as follows:
| March 31, 2025 |  | December 31, 2024
Humana | 29 | % |  | 28 | %
UnitedHealthcare (1) | 29 | % |  | 27 | %
Aetna (1) | 17 | % |  | 17 | %
_____________ (1)Percentages include the carriers’ subsidiaries.
Schedule of Prepaid Expenses and Other Current Assets | Our prepaid expenses and other current assets are summarized as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Prepaid software and maintenance contracts | $ | 5,996 |  |  | $ | 5,582 |
Prepaid marketing and other expenses | 2,742 |  |  | 2,405 |
Prepaid licenses | 1,924 |  |  | 2,358 |
Prepaid insurance | 957 |  |  | 1,296 |
Other current assets | 1,355 |  |  | 1,320 |
Prepaid expenses and other current assets | $ | 12,974 |  |  | $ | 12,961 |

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