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Supplemental Financial Statement Information (Tables)
 3 Months Ended
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, 2025December 31, 2024
Cash$27,982 $10,927 
Cash equivalents93,110 28,270 
Cash and cash equivalents121,092 39,197 
Restricted cash3,090 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, 2025December 31, 2024
Cash$27,982 $10,927 
Cash equivalents93,110 28,270 
Cash and cash equivalents121,092 39,197 
Restricted cash3,090 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, 2025December 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 period81,754 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 periods7,965 2,519 10,484 
Cash receipts(168,715)(7,279)(175,994)
Net change in credit loss allowance293 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, 2025December 31, 2024
Humana29 %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, 2025December 31, 2024
Prepaid software and maintenance contracts$5,996 $5,582 
Prepaid marketing and other expenses2,742 2,405 
Prepaid licenses1,924 2,358 
Prepaid insurance957 1,296 
Other current assets1,355 1,320 
Prepaid expenses and other current assets$12,974 $12,961