The following table sets forth significant expense categories and other specified amounts included in consolidated net income that are reviewed by the CODM, or are otherwise regularly provided to the CODM, for the years ended December 31, 2024, 2023 and 2022.


	Year Ended December 31,
	2024		2023		2022
	(in thousands)
Revenue
Program fees	$	57,040	$	64,092	$	80,611
Profit share	(43,123)		43,301		90,056
Claims administration and other service fees	10,107		10,067		8,927
Total revenue	24,024		117,460		179,594
Cost of services
Employee compensation and benefits	8,371		7,520		4,102
Share-based compensation	624		684		339
Depreciation and amortization	604		77		—
Other cost of services(1)	14,256		14,001		15,527
Gross profit	169		95,178		159,626
Operating expenses
Employee compensation and benefits	33,661		30,719		31,786
Share-based compensation	8,053		8,808		5,110
Professional fees	9,127		8,468		9,824
IT services	4,357		4,149		3,528
Depreciation and amortization	1,070		1,082		915
Other(2)	9,279		12,877		10,848
Total operating expenses	65,547		66,103		62,011
Operating income (loss)	(65,378)		29,075		97,615
Other income (expense)
Interest expense	(11,317)		(10,661)		(5,832)
Interest income	12,090		10,335		1,995
Other income (expense), net	—		109		(238)
Total other expense, net	773		(217)		(4,075)
Income (loss) before income taxes	(64,605)		28,858		93,540
Income tax expense	70,405		6,788		26,920
Net income (loss)	$	(135,010)	$	22,070	$	66,620

(1) Other cost of services primarily consists of costs incurred to third party partners for partner commissions, fees paid for actuarial services, fees for integration with the loan origination system of automotive lenders and fees paid to credit bureaus and data service providers.