Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following tables present information about the Company’s reportable segment:
Three Months Ended March 31,
2026 2025
(in thousands)
Operating revenue $ 386,390  $ 373,225 
Less:
Medical claims expense (305,842) (352,317)
Other medical expense(1)
(30,182) (19,726)
Depreciation and amortization (21,074) (21,052)
Other segment items(2)
(20,733) (14,900)
Interest expense
 (16,766) (8,725)
Interest income 250  322 
Loss before income taxes (7,957) (43,173)
Income tax (provision) benefit
 10,997  (1,073)
Net income (loss)
 $ 3,040  $ (44,246)
March 31, 2026 December 31, 2025
(in thousands)
Segment assets $ 124,894  $ 92,458 
Other assets(3)
549,263  564,183 
Total assets $ 674,157  $ 656,641 
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(1)Other medical expense includes subcapitation expense, affiliate provider compensation expense, and other non-claim costs.
(2)Other segment items include premium deficiency reserve, corporate, general and administrative expense, sales and marketing expense, and miscellaneous income and expense.
(3)Other assets consists of cash, restricted cash, prepaid expenses and other current assets, other receivables, assets held for sale, and other long-term assets not allocated to the reportable segment.