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 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		                    
      cash flows from operating activities:
    		                    
      net income
    		-5,400,000 22,000,000 18,400,000 22,100,000 22,800,000 -7,800,000 -6,200,000 -24,000,000 -45,800,000 -36,700,000 -40,900,000 -67,400,000 -64,000,000 -89,900,000 -76,400,000 -109,900,000 -133,000,000 -178,600,000 -99,600,000 -133,300,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                    
      share-based compensation
    		11,600,000 8,400,000 6,400,000 5,800,000 4,300,000 3,800,000 4,600,000 4,900,000 4,700,000 5,200,000 2,500,000 8,700,000 7,800,000 7,400,000 6,600,000 4,600,000 7,500,000 4,900,000 2,300,000 1,800,000 
      warrant compensation expense
    		   0 0 1,000,000 2,800,000 4,100,000 5,000,000 3,900,000 4,400,000 4,200,000 1,500,000 3,500,000 5,300,000      
      depreciation and amortization
    		4,700,000 2,000,000 2,000,000 2,800,000 5,200,000 4,000,000 2,900,000 4,400,000 2,700,000 2,800,000 2,700,000 4,300,000 2,900,000 3,000,000 3,600,000 5,600,000 3,800,000 3,700,000 3,500,000 5,000,000 
      bad debt expense
    		9,300,000 8,800,000 9,000,000 10,900,000 8,800,000 7,900,000 6,000,000 3,500,000 5,600,000 2,200,000 2,800,000 3,700,000 4,800,000 4,300,000 4,600,000 6,200,000 5,300,000 4,700,000 4,700,000 6,900,000 
      changes in operating assets and liabilities:
    		                    
      premiums receivable
    		-20,500,000 10,500,000 -64,300,000 -8,000,000 -21,500,000 -11,900,000 -50,900,000 -63,800,000 -63,200,000 -16,300,000 -4,400,000 14,300,000 -2,500,000 20,600,000 -13,600,000 20,700,000 -20,900,000 -3,900,000 -35,600,000 1,400,000 
      reinsurance recoverable and receivable
    		3,200,000 12,400,000 -7,300,000 10,500,000 -3,800,000 -9,700,000 -21,800,000 13,400,000 -10,100,000 -800,000 19,400,000  22,100,000 1,300,000 -4,400,000      
      prepaid reinsurance premiums
    		3,200,000 5,900,000 4,300,000 12,700,000 10,600,000 1,800,000 -2,000,000 -12,100,000 37,600,000 400,000 100,000 12,000,000 5,600,000 14,900,000 -5,900,000 13,900,000 -3,200,000 -10,200,000 11,500,000 6,300,000 
      other assets
    		400,000 -4,400,000 -6,300,000 -1,900,000 -11,800,000 -6,300,000 -5,000,000 -5,800,000 -4,000,000 5,700,000 8,900,000 3,600,000 -600,000 -15,400,000 4,900,000 2,400,000 -4,900,000 1,300,000 2,000,000 -12,100,000 
      losses and loss adjustment expenses reserves
    		18,400,000 26,000,000 5,300,000 20,800,000 16,600,000 53,800,000 37,800,000 27,700,000 10,000,000 -13,100,000 -27,800,000 -6,800,000 -18,500,000 4,300,000 -11,800,000 19,500,000 28,200,000 31,800,000 3,500,000 11,900,000 
      unearned premiums
    		14,100,000 -25,100,000 66,400,000 -500,000 14,700,000 300,000 55,700,000 64,800,000 64,300,000 13,500,000 4,600,000 -20,800,000 -4,600,000 -30,600,000 12,400,000 -30,800,000 15,100,000 -3,600,000 42,300,000 -8,000,000 
      reinsurance premiums payable
    		-3,800,000 -14,100,000 -2,900,000 -13,400,000 -9,400,000 1,500,000 -300,000 -17,400,000 -18,600,000 4,500,000 -33,900,000 9,400,000 -13,600,000 -2,500,000 24,900,000 12,600,000 20,400,000 2,900,000 -23,400,000 -77,300,000 
      accounts payable and accrued expenses
    		6,300,000 -1,000,000 -18,000,000 3,200,000 9,100,000 13,700,000 -24,700,000 18,100,000 10,400,000 12,700,000 -13,500,000 400,000 3,200,000 14,700,000 -400,000 -12,100,000 -30,100,000 20,500,000 2,500,000 -13,400,000 
      other liabilities
    		-1,100,000 600,000 13,800,000 -1,200,000 3,800,000 10,500,000 15,600,000 28,300,000 16,300,000 5,400,000 -8,600,000 600,000 -2,900,000 10,600,000 200,000 4,900,000 5,300,000 -500,000 600,000 -300,000 
      net cash from operating activities
    		57,600,000 52,000,000 26,800,000 69,200,000 49,400,000 62,600,000 14,500,000 46,100,000 14,600,000 -10,600,000 -83,700,000 -46,700,000 -59,000,000 -53,700,000 -51,200,000 -39,100,000 -137,800,000 -135,600,000 -90,900,000 -192,400,000 
      capex
    		-3,900,000 -4,000,000 -2,000,000 -4,400,000 -2,400,000 -2,500,000 -2,100,000 -2,100,000 -2,000,000 -2,600,000 -2,500,000 -1,400,000 -2,100,000 -2,600,000 -2,700,000 -1,800,000 -1,600,000 -1,600,000 -1,600,000 -1,500,000 
      free cash flows
    		53,700,000 48,000,000 24,800,000 64,800,000 47,000,000 60,100,000 12,400,000 44,000,000 12,600,000 -13,200,000 -86,200,000 -48,100,000 -61,100,000 -56,300,000 -53,900,000 -40,900,000 -139,400,000 -137,200,000 -92,500,000 -193,900,000 
      cash flows from investing activities:
    		                    
      purchases of investments
    		-57,300,000 -18,000,000 -27,900,000 -50,100,000 -52,200,000 -36,500,000 -59,000,000 -14,300,000 -12,800,000 -44,100,000 -4,800,000 -16,900,000 -21,800,000 -500,000 -8,500,000 -6,600,000 -3,600,000   -20,300,000 
      proceeds from maturities, calls and pay downs of investments
    		19,400,000 18,200,000 16,000,000                  
      sales of investments
    		200,000 0 100,000 100,000    1,700,000 300,000   0 4,900,000 300,000 1,900,000 200,000 0 0 70,200,000 8,500,000 
      capitalization of internally developed software
    		-3,900,000 -4,000,000 -2,000,000 -4,400,000 -2,400,000 -2,500,000 -2,100,000 -2,100,000 -2,000,000 -2,600,000 -2,500,000 -1,400,000 -2,100,000 -2,600,000 -2,700,000 -1,800,000 -1,600,000 -1,600,000 -1,600,000 -1,500,000 
      purchases of fixed assets
    		   0 0 -200,000 -200,000 0 0       -2,300,000 -800,000 -1,100,000 -400,000 -100,000 
      net cash from investing activities
    		-41,600,000 -3,800,000 -13,800,000 -40,300,000 -39,800,000 -22,000,000 -52,300,000 500,000 -7,000,000 -40,100,000 900,000 -10,900,000 -3,900,000 4,500,000 -6,300,000 -6,400,000 700,000 1,300,000 81,300,000 -11,000,000 
      cash flows from financing activities:
    		                    
      proceeds from exercise of stock options and restricted stock units
    		-100,000 100,000 300,000                  
      taxes paid related to net share settlement of equity awards
    		-4,000,000 -16,300,000 -3,100,000 -1,800,000 -2,000,000 -10,900,000 -400,000              
      payment of preferred stock and related warrants issuance costs
    		   0 0       0         
      net cash from financing activities
    		-4,100,000 -16,200,000 -2,800,000 -104,400,000 -2,000,000 -13,900,000 -400,000 -3,200,000 -300,000   0 -3,000,000 100,000 286,200,000 -82,600,000 -1,900,000 1,100,000 3,100,000 1,098,400,000 
      net increase in cash, cash equivalents and restricted cash
    		11,900,000 32,000,000 10,200,000     43,400,000 7,300,000 -51,300,000 -82,800,000 -57,600,000 -65,900,000 -49,100,000 228,700,000     895,000,000 
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 600,300,000  0 0 679,700,000  0 0 763,100,000  0 0 707,000,000  0 0 1,113,800,000  
      cash, cash equivalents and restricted cash at end of period
    		11,900,000 32,000,000 610,500,000  7,600,000 26,700,000 641,500,000  7,300,000 -51,300,000 680,300,000  -65,900,000 -49,100,000 935,700,000  -139,000,000 -133,200,000 1,107,300,000  
      loss on extinguishment of debt
    		                    
      net realized gains on investments
    		           600,000 0 100,000 -1,200,000 0 0    
      gain on lease modification
    		       0    -700,000         
      proceeds from maturities, call and pay downs of investments
    		     17,200,000 9,000,000 15,200,000 7,500,000 6,600,000 8,200,000 7,400,000 15,100,000 7,300,000 4,300,000 4,100,000 6,700,000 10,800,000 13,100,000 11,300,000 
      purchases of indefinite-lived intangible assets and transaction costs
    		           0 0 0 -1,300,000      
      proceeds from issuance of debt and related warrants, net of issuance costs
    		             0 286,000,000      
      repayments of long-term debt
    		               -198,800,000 -200,000 -300,000 -200,000 -300,000 
      cash, cash equivalents and restricted cash at beginning of year
    		                   0 
      cash, cash equivalents and restricted cash at end of year
    		                   895,000,000 
      net decrease in cash, cash equivalents and restricted cash
    		    7,600,000 26,700,000 -38,200,000          -139,000,000 -133,200,000 -6,500,000  
      loss on early extinguishment of debt
    		                    
      paid-in-kind interest expense
    		                    
      paid-in-kind interest paid
    		                    
      change in fair value of equity securities
    		               -3,400,000     
      proceeds from exercise of stock options and restricted stock units, net of tax (withholding)/ proceeds
    		                    
      proceeds from issuance of preferred stock and related warrants
    		                    
      proceeds from exercise of stock options and restricted stock units, net of tax (withholding)/proceeds
    		        -300,000            
      proceeds from exercise of stock options and restricted stock units, net of tax proceeds/
    		           0 0 100,000 200,000 200,000 -1,700,000 1,400,000 3,300,000  
      tender offer
    		                   0 
      warrants fair value adjustment
    		                   38,700,000 
      reinsurance recoverable
    		               21,200,000 -34,400,000 -12,000,000 -5,200,000 -20,700,000 
      proceeds from issuance of common stock from ipo and concurrent private placements, net of issuance costs
    		                    
      purchases of treasury stock
    		                    
      payment-in-kind interest expense
    		                3,500,000 3,400,000 2,400,000  
      proceeds from issuance of debt and related warrants
    		                    
      safe fair value adjustment
    		                    
      proceeds from safe
    		                    
      purchase of treasury stock
    		                    
      proceeds from debt and warrants issuance, net of issuance costs
    		                    
      debt issuance costs
    		                    
      realized gains on investments
    		                  -2,400,000 -100,000 
      paid-in kind interest expense
    		                    
      proceeds from exercise of stock options and warrants
    		                    
      proceeds from issuance of preferred stock, net of issuance costs
    		                    
      supplemental disclosures:
    		                    
      interest paid
    		                   1,200,000 
      federal income taxes paid
    		                    
      leasehold improvements - non-cash
    		                    
      conversion of debt to preferred stock - non-cash
    		                    
      conversion of preferred stock to common stock - non-cash
    		                    
      conversion of warrants to common stock - non-cash
    		                    
      purchases of treasury stock - non-cash
    		                    
      deferred acquisition costs
    		                    
      proceeds from exercise of stock options
    		                    
      proceeds from issuance of preferred stock
    		                    
      proceeds from debt issuance
    		                    
      income taxes paid
    		                    
      purchase of treasury stock - non-cash
    		                    
    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.