2021 Q3 Form 10-Q Financial Statement

#000178175521000066 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $135.6M $65.80M
YoY Change 106.01% 71.35%
Cost Of Revenue $100.1M $48.50M
YoY Change 106.35% 80.97%
Gross Profit $35.48M $17.40M
YoY Change 103.88% 50.0%
Gross Profit Margin 26.17% 26.44%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $753.0K $258.0K
YoY Change 191.86% 40.22%
% of Gross Profit 2.12% 1.48%
Operating Expenses $52.28M $24.00M
YoY Change 117.83% 137.62%
Operating Profit -$17.18M -$6.670M
YoY Change 157.62% -552.51%
Interest Expense -$6.940M -$900.0K
YoY Change 671.11% -76.32%
% of Operating Profit
Other Income/Expense, Net -$7.418M -$945.0K
YoY Change 684.97% -75.0%
Pretax Income -$24.60M -$7.615M
YoY Change 223.06% 230.23%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$13.21M -$3.268M
YoY Change 304.28%
Net Earnings / Revenue -9.75% -4.97%
Basic Earnings Per Share -$0.28 -$0.10
Diluted Earnings Per Share -$0.28 -$0.10
COMMON SHARES
Basic Shares Outstanding 46.45M shares 33.95M shares
Diluted Shares Outstanding 46.45M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $374.5M $50.20M
YoY Change 645.92% 352.25%
Cash & Equivalents $374.5M $50.22M
Short-Term Investments
Other Short-Term Assets $52.83M $10.50M
YoY Change 403.14% -13.22%
Inventory
Prepaid Expenses
Receivables $233.2M $98.30M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $660.4M $159.1M
YoY Change 315.18% 132.39%
LONG-TERM ASSETS
Property, Plant & Equipment $13.78M $7.791M
YoY Change 76.82% 178.81%
Goodwill $885.3M $344.4M
YoY Change 157.06% 101.62%
Intangibles $652.7M $203.6M
YoY Change 220.66% 120.32%
Long-Term Investments
YoY Change
Other Assets $20.85M $7.949M
YoY Change 162.26% -32.06%
Total Long-Term Assets $1.573B $563.7M
YoY Change 178.99% 102.95%
TOTAL ASSETS
Total Short-Term Assets $660.4M $159.1M
Total Long-Term Assets $1.573B $563.7M
Total Assets $2.233B $722.8M
YoY Change 208.97% 108.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $211.0M $95.60M
YoY Change 120.72% 1246.48%
Accrued Expenses $49.73M $14.30M
YoY Change 247.73% 65.09%
Deferred Revenue $12.56M $7.542M
YoY Change 66.51% 73.41%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M
YoY Change
Total Short-Term Liabilities $383.8M $124.6M
YoY Change 208.12% 89.06%
LONG-TERM LIABILITIES
Long-Term Debt $597.3M $101.0M
YoY Change 491.43%
Other Long-Term Liabilities $3.319M $2.194M
YoY Change 51.28% 506.95%
Total Long-Term Liabilities $3.319M $2.194M
YoY Change 51.28% 506.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $383.8M $124.6M
Total Long-Term Liabilities $3.319M $2.194M
Total Liabilities $1.121B $306.1M
YoY Change 266.39% 3.67%
SHAREHOLDERS EQUITY
Retained Earnings -$32.32M -$14.04M
YoY Change 130.25% -93.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $576.3M $223.4M
YoY Change
Total Liabilities & Shareholders Equity $2.233B $722.8M
YoY Change 208.97% 108.77%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$13.21M -$3.268M
YoY Change 304.28%
Depreciation, Depletion And Amortization $753.0K $258.0K
YoY Change 191.86% 40.22%
Cash From Operating Activities -$22.38M -$12.87M
YoY Change 73.88% -328.6%
INVESTING ACTIVITIES
Capital Expenditures -$1.432M -$1.520M
YoY Change -5.79% 55.1%
Acquisitions
YoY Change
Other Investing Activities -$194.5M -$6.290M
YoY Change 2992.88% -73.0%
Cash From Investing Activities -$196.0M -$7.800M
YoY Change 2412.49% -67.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 363.8M -125.8M
YoY Change -389.29% -718.59%
NET CHANGE
Cash From Operating Activities -22.38M -12.87M
Cash From Investing Activities -196.0M -7.800M
Cash From Financing Activities 363.8M -125.8M
Net Change In Cash 145.5M -146.4M
YoY Change -199.33% -8816.07%
FREE CASH FLOW
Cash From Operating Activities -$22.38M -$12.87M
Capital Expenditures -$1.432M -$1.520M
Free Cash Flow -$20.95M -$11.35M
YoY Change 84.55% -271.71%

Facts In Submission

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NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-7637000 USD
CY2020Q3 brp Shares Issued During Period Value New Issues And Conversion Of Convertible Securities Net Of Adjustments
SharesIssuedDuringPeriodValueNewIssuesAndConversionOfConvertibleSecuritiesNetOfAdjustments
-28000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
445000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1197000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1192000 USD
CY2020Q3 brp Reduction Of Stockholders Notes Payable To Member Units
ReductionOfStockholdersNotesPayableToMemberUnits
54000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
416594000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
237251000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-10826000 USD
brp Shares Issued During Period Value New Issues And Conversion Of Convertible Securities Net Of Adjustments
SharesIssuedDuringPeriodValueNewIssuesAndConversionOfConvertibleSecuritiesNetOfAdjustments
135231000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
52575000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3486000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1292000 USD
brp Reduction Of Stockholders Notes Payable To Member Units
ReductionOfStockholdersNotesPayableToMemberUnits
169000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
416594000 USD
us-gaap Profit Loss
ProfitLoss
-13712000 USD
us-gaap Profit Loss
ProfitLoss
-10767000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
35795000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13894000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
23163000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
12697000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11921000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5357000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2301000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
384000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1159000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
602000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1727000 USD
brp Fair Value Adjustments Other
FairValueAdjustmentsOther
217000 USD
brp Fair Value Adjustments Other
FairValueAdjustmentsOther
0 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
58150000 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
12717000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5773000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-230000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-19000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-2000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
30703000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23418000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27041000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30771000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3188000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4135000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
1575000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
695000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
218818000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
230403000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-223581000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-235233000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
269376000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167346000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
32610000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1055000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
798000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1078000 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-07-01
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
120000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
185637000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
97914000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2250000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
693000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2182000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
6461000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
202000 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
169000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
19000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
475955000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
191389000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
279415000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-13073000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
142022000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71071000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
421437000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57998000 USD
us-gaap Interest Paid Net
InterestPaidNet
15177000 USD
us-gaap Interest Paid Net
InterestPaidNet
2309000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
75634000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
52575000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
60865000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
26612000 USD
us-gaap Loans Assumed1
LoansAssumed1
61500000 USD
us-gaap Loans Assumed1
LoansAssumed1
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3823000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
493000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
561000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates underlying the accompanying consolidated financial statements include the application of guidance for revenue recognition, including determination of allowances for estimated policy cancellations; the determination of fair value in relation to business combinations and purchase price allocation; impairment of long-lived assets including goodwill; valuation of the Tax Receivable Agreement liability and income taxes; and share-based compensation.
CY2021Q3 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
3966000 USD
CY2020Q3 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
540000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents. The Company manages this risk using high creditworthy financial institutions. Interest-bearing accounts and noninterest-bearing accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits exceed amounts insured by the FDIC. The Company has not experienced any losses from its deposits.
CY2021Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
10 numberOfBusinessCombinations
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
387500000 USD
brp Amortization Period Goodwill Income Tax Basis
AmortizationPeriodGoodwillIncomeTaxBasis
P15Y
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
18800000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-1200000 USD
CY2021Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
2400000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
233234000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
60865000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
75634000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
17790000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
387523000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
4135000 USD
CY2021Q3 brp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restricted Cash
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCash
7572000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
20056000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
1367000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
659000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
134977000 USD
CY2021Q3 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
235529000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
404295000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
12047000 USD
CY2021Q3 brp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Commissions Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCommissionsPayable
2165000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
2560000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
16772000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
387523000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2220000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10102000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10425000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10670000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10904000 USD
CY2021Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
137830000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
83182000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
446454000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
224440000 USD
CY2021Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-24312000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-12446000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-11142000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-20551000 USD
CY2021Q3 brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-12877000 USD
CY2020Q3 brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-5337000 USD
brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-6732000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12558000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11606000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11400000 USD
brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-8940000 USD
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.28
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.28
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.16
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.16
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.15
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.15
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.36
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.36
CY2021Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
46633000 shares
CY2021Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
46633000 shares
CY2020Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
33835000 shares
CY2020Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
33835000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
45589000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
45589000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
25106000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
25106000 shares
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6036000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4060000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4751000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3621000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
6152000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
1649000 USD
CY2021Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
135556000 USD
CY2020Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
65843000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
408090000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
171270000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2021Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
140131000 USD
CY2020Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
80213000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-587000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-344000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-1488000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-1014000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
9415000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4256000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
9415000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4256000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
719268000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66545000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
652723000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
587018000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32698000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
554320000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13200000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
651502000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
235529000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1710000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
885321000 USD
brp Business Combination Provisional Information Initial Accounting Incomplete Adjustment Receivables
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentReceivables
-545000 USD
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
-2500000 USD
CY2021Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
61500000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
826027 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1395334 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.82
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
265572 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
48979 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
20.73
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1906810 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.48
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3800000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5400000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12833000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3268000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7976000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5388000 USD
CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46446000 shares
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33098000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45132000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24371000 shares
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
23200000 USD
CY2021Q3 brp Business Combination And Assets Acquisitions Contingent Consideration Arrangements Liabilities Rangeof Outcomes Value High
BusinessCombinationAndAssetsAcquisitionsContingentConsiderationArrangementsLiabilitiesRangeofOutcomesValueHigh
682600000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
16400000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13600000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2021Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
135556000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-24222000 USD
CY2020Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
65843000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-7615000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
408090000 USD
us-gaap Profit Loss
ProfitLoss
-13712000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
171270000 USD
us-gaap Profit Loss
ProfitLoss
-10767000 USD
CY2021Q3 us-gaap Assets
Assets
2233109000 USD
CY2020Q4 us-gaap Assets
Assets
1529914000 USD

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