7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 
      
    		                
      cash flows from operating activities:
    		                
      net cash from operating activities
    		16,900,000 24,700,000 -35,600,000 -6,400,000 46,800,000 -10,600,000 17,700,000 -48,500,000 1,100,000 -9,300,000 -35,700,000 -30,100,000 -43,000,000 -29,800,000 -58,600,000 2,600,000 
      capex
    		-3,400,000 -3,500,000 -2,900,000 -1,400,000 -3,400,000 -3,800,000 -3,400,000 -4,500,000 -4,700,000 -4,600,000 -3,900,000 -3,500,000 -5,500,000 -4,500,000 -6,200,000 -12,600,000 
      free cash flows
    		13,500,000 21,200,000 -38,500,000 -7,800,000 43,400,000 -14,400,000 14,300,000 -53,000,000 -3,600,000 -13,900,000 -39,600,000 -33,600,000 -48,500,000 -34,300,000 -64,800,000 -10,000,000 
      cash flows from investing activities:
    		                
      capitalized internal use software costs
    		-3,400,000 -3,500,000 -2,800,000 -1,300,000 -3,400,000 -3,700,000 -3,300,000 -4,100,000 -4,500,000 -4,600,000 -3,900,000 -3,400,000 -3,700,000 -3,900,000 -3,800,000 -11,900,000 
      purchases of property and equipment
    		  -100,000 -100,000 0 -100,000 -100,000 -400,000 -200,000   -100,000 -1,800,000 -600,000 -2,400,000 -700,000 
      purchases of fixed maturities
    		-23,200,000 -33,700,000 -15,700,000 -27,000,000 -46,700,000 -6,700,000 -17,300,000          
      maturities of fixed maturities
    		11,100,000 9,200,000 11,200,000 19,900,000 11,000,000 3,800,000 14,400,000          
      sales of fixed maturities
    		   0 0 800,000 600,000          
      purchases of short-term investments
    		-78,300,000 -98,300,000 -50,400,000 -97,100,000 -58,200,000 -77,200,000 -37,600,000          
      maturities of short-term investments
    		73,700,000 99,800,000 46,800,000 79,600,000 50,000,000 54,800,000 101,800,000          
      sales of short-term investments
    		600,000   0 0            
      proceeds from sale of business, net of cash disposed
    		   48,000,000             
      other
    		   0    -2,300,000 0 100,000 -1,000,000 0 0 0 -2,000,000 -8,900,000 
      net cash from investing activities
    		47,400,000 -21,900,000 -11,000,000 27,800,000 -27,900,000 -28,100,000 58,500,000 -22,000,000 30,800,000 35,000,000 13,800,000 -115,200,000 112,500,000 -25,000,000 -378,200,000 -7,100,000 
      cash flows from financing activities:
    		                
      proceeds from surplus note
    		0                
      taxes paid related to net share settlement of equity awards
    		-4,000,000 -2,100,000 -3,300,000 -3,600,000 -2,500,000 -2,700,000 -1,100,000 -700,000 -1,100,000 -2,000,000 -900,000 -400,000 -800,000 -1,700,000 -1,000,000  
      proceeds from issuance of common stock
    		500,000 1,300,000 1,000,000 3,700,000 800,000 1,200,000 1,000,000          
      share repurchases under program
    		       0 0 -1,600,000 -200,000      
      payments of contingent consideration
    		0 -200,000 -200,000 -200,000 -200,000 -200,000 -300,000 -300,000 -300,000 -300,000 -400,000     -600,000 
      acquisitions of noncontrolling interests
    		   0             
      distributions to noncontrolling interests and other
    		100,000 -4,100,000 -3,500,000 -3,800,000 -6,100,000 -2,700,000 -7,600,000          
      net cash from financing activities
    		-17,900,000 42,800,000 -6,000,000 -19,500,000 -8,200,000 -4,400,000 -8,000,000 -3,800,000 -900,000 -8,000,000 -1,900,000 -3,100,000 -1,100,000 -2,300,000 -300,000 400,000 
      net increase in cash, cash equivalents, and restricted cash
    		46,400,000 45,600,000 -52,600,000 1,900,000 10,700,000 -43,100,000 68,200,000    -23,800,000 -148,400,000 68,400,000 -57,100,000 -437,100,000 -4,100,000 
      cash, cash equivalents, and restricted cash at the beginning of the period
    		0 0 232,800,000 0 0 0 195,100,000 0 0 0 244,500,000 0 0 0 818,700,000 0 
      cash, cash equivalents, and restricted cash at the end of the period
    		46,400,000 45,600,000 180,200,000 1,900,000 10,700,000 -43,100,000 263,300,000 -74,300,000 31,000,000 17,700,000 220,700,000 -148,400,000 68,400,000 -57,100,000 381,600,000 -4,100,000 
      net income
    		   46,900,000 -5,200,000 -37,200,000 -33,100,000 -39,300,000 -50,300,000 -105,300,000 -68,100,000 -60,500,000 -127,500,000 -72,000,000 -66,500,000 -59,300,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                
      depreciation and amortization
    		   5,800,000 5,900,000 5,900,000 5,600,000 5,400,000 4,900,000 5,200,000 4,300,000 4,000,000 3,800,000 3,500,000 3,900,000 3,300,000 
      stock–based compensation expense
    		   8,900,000 9,000,000 11,900,000 8,400,000 10,800,000 13,900,000 16,700,000 16,100,000 15,600,000 17,000,000 15,900,000 13,400,000  
      fair value adjustments
    		   -500,000 300,000 400,000 1,500,000          
      impairment and restructuring charges
    		   0 0            
      gain on sale of business
    		   -46,200,000             
      other non-cash items
    		   400,000 -2,000,000 -2,200,000 -2,400,000 -500,000 -2,100,000 -3,000,000 -1,800,000 -2,700,000 -500,000 0 200,000  
      changes in assets and liabilities:
    		                
      accounts receivable
    		   -9,300,000 9,600,000 -13,500,000 -8,700,000 200,000 2,800,000 -14,600,000 -26,400,000 -17,600,000 -23,200,000 -5,600,000 -4,500,000 2,900,000 
      reinsurance recoverable on paid and unpaid losses and lae
    		   -5,500,000 11,000,000 -700,000 -8,800,000 16,000,000 35,700,000 -32,100,000 -14,600,000 51,000,000 -45,900,000 30,000,000 -54,500,000 12,500,000 
      ceding commissions receivable
    		   9,600,000 -7,400,000 500,000 -8,400,000 6,200,000 -9,900,000 -10,200,000 -14,100,000 10,500,000 -6,300,000 -800,000 -7,600,000 -3,600,000 
      prepaid reinsurance premiums
    		   18,100,000 -1,000,000 -16,000,000 60,300,000 40,000,000 -300,000 -48,500,000 -16,900,000 -8,300,000 -38,200,000 -27,400,000 -4,400,000 -3,500,000 
      other assets
    		   -200,000 -100,000 -2,800,000 -3,300,000 6,100,000 2,800,000 -600,000 -2,100,000 -6,400,000 6,200,000 12,400,000 -3,300,000 -200,000 
      benefit from commission
    		   3,300,000 -200,000 2,300,000 4,300,000 6,700,000 5,300,000 4,000,000 3,700,000 -8,400,000 100,000 -1,100,000 2,100,000 1,000,000 
      accrued expenses and other liabilities
    		   -8,100,000 -4,900,000 1,600,000 -6,100,000 -12,100,000 -1,700,000 3,300,000 5,000,000 4,100,000 8,200,000 9,600,000 -2,300,000 16,400,000 
      loss and loss adjustment expense reserves
    		   -1,100,000 4,200,000 10,300,000 14,100,000 -37,400,000 -7,700,000 62,400,000 11,400,000 -27,700,000 52,700,000 -13,600,000 21,600,000 21,100,000 
      unearned premiums
    		   -15,900,000 21,100,000 45,500,000 -12,000,000 -22,700,000 18,800,000 57,400,000 24,400,000 24,800,000 33,600,000 30,800,000 -1,000,000 8,800,000 
      reinsurance premiums payable
    		   -12,600,000 14,700,000 -16,600,000 3,000,000 -31,000,000 -11,700,000 53,300,000 42,400,000 -8,800,000 23,500,000 -9,300,000 42,300,000 -2,800,000 
      assets disposed from sale of business
    		                
      impairment charges
    		      3,300,000     0     
      other changes in fair value
    		                
      change in fair value of contingent consideration liability
    		       1,500,000 800,000 2,900,000 800,000 1,500,000 200,000 -800,000 3,200,000 1,400,000 
      net decrease in cash, cash equivalents, and restricted cash
    		                
      change in fair value of warrant liability
    		          200,000 -1,200,000 -200,000 -1,400,000 -1,200,000 -4,700,000 
      purchases of investments
    		        -83,500,000 -96,000,000 -111,200,000 -147,600,000 -237,400,000 -22,600,000 -385,400,000 -1,400,000 
      maturities of investments
    		        119,300,000 142,300,000 122,000,000 34,200,000 354,100,000 500,000 12,800,000 3,800,000 
      sales of investments
    		        -300,000 22,200,000 7,900,000 1,700,000 1,300,000 1,600,000 2,600,000 5,100,000 
      proceeds from issuances of common stock
    		        500,000    100,000    
      distributions to noncontrolling interests
    		        0        
      proceeds from exercise of options
    		          200,000    1,200,000 1,600,000 
      change in fair value of preferred stock warrant liabilities
    		               0 
      change in fair value of derivative liability on notes
    		               0 
      amortization of debt discount
    		               0 
      gain on extinguishment of debt
    		               0 
      non-cash interest expense
    		                
      non-cash service expense
    		               0 
      purchase of intangible assets
    		               0 
      proceeds from the exercise of preferred stock warrants
    		               0 
      proceeds from reverse recapitalization, net of redemptions, secondaries and costs
    		               1,000,000 
      supplemental disclosures of non-cash financing and investing activities:
    		                
      payments for reverse recapitalization and transaction costs
    		                
      conversion of preferred stock for common stock
    		                
      acquisition of public and private placement warrants
    		                
      equity issued for acquisitions
    		                
      unpaid transaction costs
    		                
      convertible promissory notes issued for services
    		                
      cash paid for acquisitions, net of cash acquired
    		               0 
      proceeds from series d preferred stock, net of issuance costs
    		                
      proceeds from series e preferred stock, net of issuance costs
    		                
      proceeds from promissory notes, net of issuance costs
    		                
      share–based compensation expense
    		                
      fiduciary liabilities
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.