0000950170-23-020322 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2023	May 02, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Registrant Name	GoodRx Holdings, Inc.
Entity Central Index Key	0001809519
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity File Number	001-39549
Entity Tax Identification Number	47-5104396
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2701 Olympic
Entity Address, Address Line Two	Boulevard
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404
City Area Code	855
Local Phone Number	268-2822
Trading Symbol	GDRX
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		83,136,600
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		313,731,628

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 761,075	$ 757,165
Accounts receivable, net	116,442	117,141
Prepaid expenses and other current assets	29,499	45,380
Total current assets	907,016	919,686
Property and equipment, net	18,767	19,820
Goodwill	412,117	412,117
Intangible assets, net	114,256	119,865
Capitalized software, net	83,047	70,072
Operating lease right-of-use assets	34,916	35,906
Other assets	41,381	27,165
Total assets	1,611,500	1,604,631
Current liabilities
Accounts payable	12,389	17,700
Accrued expenses and other current liabilities	47,730	47,523
Current portion of debt	7,029	7,029
Operating lease liabilities, current	1,833	4,068
Total current liabilities	68,981	76,320
Debt, net	650,776	651,796
Operating lease liabilities, net of current portion	56,278	54,131
Other liabilities	7,997	7,557
Total liabilities	784,032	789,804
Commitments and contingencies (Note 7)
Stockholders' equity
Preferred stock, $0.0001 par value; 50,000 shares authorized and zero shares issued and outstanding at March 31, 2023 and December 31, 2022	0	0
Common stock, $0.0001 par value; Class A: 2,000,000 shares authorized, 82,917 and 83,293 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively; and Class B: 1,000,000 shares authorized and 313,732 shares issued and outstanding at March 31, 2023 and December 31, 2022	40	40
Additional paid-in capital	2,279,253	2,263,322
Accumulated deficit	(1,451,825)	(1,448,535)
Total stockholders' equity	827,468	814,827
Total liabilities and stockholders' equity	$ 1,611,500	$ 1,604,631

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	82,917,000	83,293,000
Common stock, shares outstanding	82,917,000	83,293,000
Common Class B
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	313,732,000	313,732,000
Common stock, shares outstanding	313,732,000	313,732,000

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue	$ 183,986	$ 203,329
Costs and operating expenses:
Cost of revenue, exclusive of depreciation and amortization presented separately below	16,695	12,280
Product development and technology	32,908	35,042
Sales and marketing	78,522	92,950
General and administrative	29,619	31,923
Depreciation and amortization	14,939	11,373
Total costs and operating expenses	172,683	183,568
Operating income	11,303	19,761
Other expense, net:
Other expense	(1,808)	0
Interest income	7,234	52
Interest expense	(13,133)	(5,869)
Total other expense, net	(7,707)	(5,817)
Income before income taxes	3,596	13,944
Income tax expense	(6,886)	(1,651)
Net (loss) income	$ (3,290)	$ 12,293
(Loss) earnings per share:
Basic	$ (0.01)	$ 0.03
Diluted	$ (0.01)	$ 0.03
Weighted average shares used in computing (loss) earnings per share:
Basic	412,429	414,739
Diluted	412,429	427,378
Cost of Sales
Stock-based compensation included in costs and operating expenses:
Total stock-based compensation	$ 161	$ (46)
Research and Development Expense
Stock-based compensation included in costs and operating expenses:
Total stock-based compensation	8,589	7,478
Selling and Marketing Expense
Stock-based compensation included in costs and operating expenses:
Total stock-based compensation	4,412	5,394
General and Administrative Expense
Stock-based compensation included in costs and operating expenses:
Total stock-based compensation	$ 12,337	$ 17,323

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Class A and Class B Common Stock	Common Stock Class A and Class B Common Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance at Dec. 31, 2021	$ 831,680		$ 40	$ 2,247,347	$ (1,415,707)
Beginning balance at Dec. 31, 2021		400,562,000
Stock options exercised	3,699			3,699
Stock options exercised, Shares		749,000
Stock-based compensation	32,161			32,161
Vesting of restricted stock awards, Shares		822,000
Common stock withheld for tax obligations and net settlement	(9,561)			(9,561)
Common stock withheld for tax obligations and net settlement, Shares		(364,000)
Repurchases of Class A common stock	(83,765)			(83,765)
Repurchases of Class A common stock, shares		(5,637,000)
Net income	12,293				12,293
Ending balance at Mar. 31, 2022	786,507		40	2,189,881	(1,403,414)
Ending balance at Mar. 31, 2022		396,132,000
Beginning balance at Dec. 31, 2022	814,827		40	2,263,322	(1,448,535)
Beginning balance at Dec. 31, 2022		397,025,000
Stock options exercised	895			895
Stock options exercised, Shares		192,000
Stock-based compensation	28,263			28,263
Vesting of restricted stock awards, Shares		1,668,000
Common stock withheld for tax obligations and net settlement	(3,710)			(3,710)
Common stock withheld for tax obligations and net settlement, Shares		(666,000)
Repurchases of Class A common stock	(9,517)			(9,517)
Repurchases of Class A common stock, shares		(1,570,000)
Net income	(3,290)				(3,290)
Ending balance at Mar. 31, 2023	$ 827,468		$ 40	$ 2,279,253	$ (1,451,825)
Ending balance at Mar. 31, 2023		396,649,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net (loss) income	$ (3,290)	$ 12,293
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	14,939	11,373
Amortization of debt issuance costs	849	856
Non-cash operating lease expense	1,042	727
Stock-based compensation expense	25,499	30,149
Deferred income taxes	35	(394)
Loss on minority equity interest investment	1,808	0
Changes in operating assets and liabilities, net of effects of business acquisition
Accounts receivable	699	(5,198)
Prepaid expenses and other assets	(6,005)	3,616
Accounts payable	(4,737)	(4,442)
Accrued expenses and other current liabilities	1,184	(17,197)
Operating lease liabilities	(140)	(1,228)
Other liabilities	405	(435)
Net cash provided by operating activities	32,288	30,120
Cash flows from investing activities
Purchase of property and equipment	(148)	(1,736)
Acquisition, net of cash acquired	0	(6,976)
Capitalized software	(14,140)	(10,682)
Investment in minority equity interest	0	(15,007)
Net cash used in investing activities	(14,288)	(34,401)
Cash flows from financing activities
Payments on long-term debt	(1,758)	(1,758)
Repurchases of Class A common stock	(9,517)	(83,765)
Proceeds from exercise of stock options	708	3,683
Employee taxes paid related to net share settlement of equity awards	(3,523)	(9,561)
Net cash used in financing activities	(14,090)	(91,401)
Net change in cash and cash equivalents	3,910	(95,682)
Cash, cash equivalents and restricted cash
Beginning of period	757,165	941,109
End of period	761,075	845,427
Non cash investing and financing activities
Stock-based compensation included in capitalized software	2,764	2,012
Capitalized software included in accounts payable and accrued expenses and other current liabilities	2,625	1,515
Capitalized software transferred from prepaid assets	$ 5,751	$ 0

Description of Business

3 Months Ended

Mar. 31, 2023

Description Of Business [Abstract]

Description of Business

1. Description of Business

GoodRx Holdings, Inc. was incorporated in September 2015 and has no material assets or standalone operations other than its ownership in its consolidated subsidiaries. GoodRx, Inc. (“GoodRx”), a Delaware corporation initially formed in September 2011, is a wholly-owned subsidiary of GoodRx Intermediate Holdings, LLC, which itself is a wholly-owned subsidiary of GoodRx Holdings, Inc.

GoodRx Holdings, Inc. and its subsidiaries (collectively, "we," "us" or "our") offer information and tools to help consumers compare prices and save on their prescription drug purchases. We operate a price comparison platform that provides consumers with curated, geographically relevant prescription pricing, and provides access to negotiated prices through our codes that can be used to save money on prescriptions across the United States. These services are free to consumers and we primarily earn revenue from our core business from pharmacy benefit managers ("PBMs") that manage formularies and prescription transactions including establishing pricing between consumers and pharmacies. We also offer other healthcare products and services, including pharmaceutical ("pharma") manufacturer solutions, subscriptions and telehealth services.

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Certain information and disclosures normally included in our annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2022 and the related notes, which are included in our Annual Report on Form 10-K filed with the SEC on March 1, 2023 ("2022 10-K"). The December 31, 2022 condensed consolidated balance sheet was derived from our audited consolidated financial statements as of that date. The condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of our condensed consolidated financial statements. The operating results for the three months ended March 31, 2023 are not necessarily indicative of the results expected for the full year ending December 31, 2023. There have been no material changes in significant accounting policies during the three months ended March 31, 2023 from those disclosed in “Note 2. Summary of Significant Accounting Policies” in the notes to our consolidated financial statements included in our 2022 10-K. Principles of Consolidation The condensed consolidated financial statements include the accounts of GoodRx Holdings, Inc., its wholly owned subsidiaries and variable interest entities for which we are the primary beneficiary. Intercompany balances and transactions have been eliminated in consolidation. Results of businesses acquired are included in our condensed consolidated financial statements from their respective dates of acquisition. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements, including the accompanying notes. We base our estimates on historical factors; current circumstances, including the impact of a grocery chain that previously did not accept discounted pricing for a subset of prescription drugs from our PBMs starting late in the first quarter of 2022 ("grocer issue"); macroeconomic events and conditions, including the consideration of the economic impact of COVID-19; and the experience and judgment of our management. We evaluate our estimates and assumptions on an ongoing basis. Actual results can differ materially from these estimates, and such differences can affect the results of operations reported in future periods. Although the grocer issue was addressed in August 2022 and our discounted pricing has since been consistently welcomed at the point of sale by the grocery chain, the sustained effects of the grocer issue on our business, future results of operations and financial condition continue to be difficult to estimate because there are several variables that are highly uncertain, including, among others, consumer response to updated consumer pricing and timing and extent of returning user levels. Certain Risks and Concentrations Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. We maintain cash deposits with multiple financial institutions in the United States which, at times, may exceed federally insured limits. Cash may be withdrawn or redeemed on demand. We believe that the financial institutions that hold our cash are financially sound and, accordingly, minimal credit risk exists with respect to these balances. However, market conditions can impact the viability of these institutions. In the event of failure of any of the financial institutions where we maintain our cash and cash equivalents, there can be no assurance that we will be able to access uninsured funds in a timely manner or at all. We have not experienced any losses in such accounts. We consider all short-term, highly liquid investments purchased with an original maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents, consisting of U.S. treasury securities money market funds, of $642.5 million at March 31, 2023 and December 31, 2022 were classified as Level 1 of the fair value hierarchy and valued using quoted market prices in active markets. We extend credit to our customers based on an evaluation of their ability to pay amounts due under contractual arrangements and generally do not obtain or require collateral. For the three months ended March 31, 2023, two customers accounted for approximately 13% and 11% of our revenue. For the three months ended March 31, 2022, two customers accounted for approximately 13% and 10% of our revenue. At March 31, 2023, one customer accounted for approximately 13% of our accounts receivable balance. At December 31, 2022, one customer accounted for approximately 13% of our accounts receivable balance. Equity Investments We retain minority equity interests in privately-held companies without readily determinable fair values. Our ownership interests are less than 20% of the voting stock of the investees and we do not have the ability to exercise significant influence over the operating and financial policies of the investees. The equity investments are accounted for under the measurement alternative in accordance with Accounting Standards Codification Topic 321, Investments – Equity Securities, which is cost minus impairment, if any, plus or minus changes resulting from observable price changes. There were no adjustments resulting from observable price changes during the three months ended March 31, 2023. Due to indicators of a decline in the financial condition of one of our investees, we recognized a $1.8 million impairment loss on one of our minority equity interest investments during the three months ended March 31, 2023 and presented it as other expense on our accompanying condensed consolidated statement of operations. We did not recognize any changes resulting from observable price changes or impairment loss on our minority equity interest investments during the three months ended March 31, 2022. Equity investments included in other assets on our accompanying condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022 was $17.2 million and $19.0 million, respectively. Recent Accounting Pronouncement Recently Adopted Accounting Pronouncement In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ("Topic 820"), which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. This guidance is effective for annual periods beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption of this ASU is permitted. This ASU should be applied prospectively and recognize in earnings on the adoption date any adjustments made as a result of adoption. We early adopted this guidance effective January 1, 2023, and the adoption did not have an impact to our consolidated financial statements and disclosures.

Business Combinations

3 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Business Combinations

3. Business Combinations

vitaCare Prescription Services, Inc.

On April 14, 2022, we acquired all of the equity interests of vitaCare Prescription Services, Inc. (“vitaCare”), a prescription technology and services platform, for a total purchase consideration of $131.8 million, inclusive of $149.9 million in cash, offset by contingent considerations with a net estimated acquisition-date fair value of $18.1 million. vitaCare strengthens and expands our business capabilities with respect to our pharma manufacturer solutions platform. The goodwill recognized in connection with this acquisition primarily related to the expected long-term synergies and other benefits from the acquisition, including the acquired assembled workforce, and is expected to be tax deductible. The aggregate purchase consideration was principally allocated to goodwill of $80.6 million and other intangible assets of $52.0 million. Other intangible assets principally related to developed technology of $30.0 million and customer relationships of $21.0 million with estimated useful lives of five and eleven years, respectively.

The contingent considerations recognized in connection with the vitaCare acquisition consisted of a contingent consideration receivable and a contingent consideration payable with estimated acquisition-date fair values of approximately $19.7 million and $1.7 million, respectively. As of March 31, 2023 and December 31, 2022, the fair value of the contingent consideration receivable was zero as the contingency was resolved in the year of acquisition. The contingent consideration payable of up to $7.0 million in cash is based upon vitaCare's achievement of certain specified revenue results through the end of 2023 as stipulated by the purchase agreement. As of March 31, 2023 and December 31, 2022, no future contingent payments were expected to be made.

Pro forma unaudited consolidated results of operations - The following table reflects the pro forma unaudited consolidated results of operations for the three months ended March 31, 2022 as if the acquisition of vitaCare had occurred on January 1, 2021. The pro forma unaudited consolidated results of operations give effect to certain adjustments including: (i) transaction and severance costs incurred in connection with the acquisition; (ii) amortization expense related to the acquired intangible assets; and (iii) elimination of vitaCare's allocated interest expense related to the seller's financing agreement whereby vitaCare was released from as a guarantor upon the consummation of the acquisition. The pro forma unaudited consolidated results of operations are not necessarily indicative of the operating results that would have occurred if the acquisition had been consummated as of the date indicated, nor are they necessarily indicative of future operating results.


(in thousands)	Three Months Ended March 31, 2022
Pro forma revenue	$	203,824
Pro forma net income	$	5,140

flipMD, Inc.

On February 18, 2022, we acquired all of the equity interests of flipMD, Inc. ("flipMD") for $7.0 million in cash. flipMD is a marketplace connecting practicing physicians with organizations seeking on-demand medical expertise.

Accrued Expenses and Other Current Liabilities

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

4. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


(in thousands)	March 31, 2023		December 31, 2022
Accrued bonus and other payroll related	$	11,524	$	20,642
Accrued marketing		13,190		12,104
Deferred revenue		10,763		7,879
Income taxes payable		3,738		—
Other accrued expenses		8,515		6,898
Total accrued expenses and other current liabilities	$	47,730	$	47,523

Deferred revenue represents payments received in advance of providing services for certain advertising contracts with customers and subscriptions. Deferred revenue is substantially recognized as revenue within the subsequent twelve months. We expect substantially all of the deferred revenue at March 31, 2023 will be recognized as revenue within the subsequent twelve months. Of the $7.9 million of deferred revenue at December 31, 2022, $5.7 million was recognized as revenue during the three months ended March 31, 2023. Revenue recognized during the three months ended March 31, 2022 of $4.5 million was included as deferred revenue at December 31, 2021.

Income Taxes

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

5. Income Taxes

We generally calculate income taxes in interim periods by applying an estimated annual effective income tax rate to income or loss before income taxes and by calculating the tax effect of discrete items recognized during such periods. Our estimated annual effective income tax rate is based on our estimated full year income or loss and the related income taxes for each jurisdiction in which we operate. This rate can be affected by estimates of full year pre-tax income or loss and permanent differences.

The effective income tax rate was 191.5% and 11.8% for the three months ended March 31, 2023 and 2022, respectively. The primary differences between our effective income tax rates and the federal statutory tax rate for the three months ended March 31, 2023 and 2022 were due to the effects of non-deductible officers’ stock-based compensation expense, the valuation allowance on our net deferred tax assets, state income taxes, benefits from research and development tax credits and tax effects from our equity awards.

As of March 31, 2023 and December 31, 2022, we maintained a full valuation allowance against our net deferred tax assets in excess of tax amortizable goodwill primarily due to cumulative three-year pre-tax losses adjusted for permanent book to tax differences. Our judgment regarding the need for a valuation allowance, including the exact timing and amount of any release of such valuation allowance, may reasonably change in the next twelve months due to many factors, including changes in the level of tax profitability that we achieve, changes in tax laws or regulations and price fluctuations of our Class A common stock and its related future tax effects from our outstanding equity awards.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Debt

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt

6. Debt

We have a $700.0 million term loan under an agreement with various lenders (“First Lien Term Loan Facility”) that accrues interest at a rate per annum based on the LIBO Screen Rate plus a variable margin based on our most recently determined First Lien Net Leverage Ratio (as defined in the agreement), ranging from 2.75% to 3.00%. The effective interest rate on the First Lien Term Loan Facility for the three months ended March 31, 2023 and 2022 was 7.81% and 3.39%, respectively. The First Lien Term Loan Facility requires quarterly principal payments through September 2025, with any remaining unpaid principal and any accrued and unpaid interest due upon maturity on October 10, 2025. We may prepay the First Lien Term Loan Facility without penalty. The First Lien Term Loan Facility is collateralized by substantially all of our assets and 100% of the equity interest of GoodRx.

We also have a revolving credit facility for up to $100.0 million ("Revolving Credit Facility") which expires on October 11, 2024 and bears interest at a rate per annum based on the LIBO Screen Rate plus a variable margin ranging from 2.50% to 3.00% on used amounts, and a commitment fee of 0.25% to 0.50% per annum on unused amounts. We had no borrowings against the Revolving Credit Facility as of March 31, 2023 and December 31, 2022. We had outstanding letters of credit issued against the Revolving Credit Facility for $9.2 million as of March 31, 2023 and December 31, 2022, which reduced our available borrowings under the Revolving Credit Facility.

Our debt balance is as follows:


(in thousands)	March 31, 2023			December 31, 2022
Principal balance under First Lien Term Loan Facility	$	665,310		$	667,068
Less: Unamortized debt issuance costs and discounts		(7,505	)		(8,243	)
	$	657,805		$	658,825

The estimated fair value of our debt was $660.3 million and $649.6 million as of March 31, 2023 and December 31, 2022, respectively, based on inputs categorized as Level 2 in the fair value hierarchy.

As of March 31, 2023, we were subject to a financial covenant requiring maintenance of a First Lien Net Leverage Ratio not to exceed 8.2 to 1.0 and other nonfinancial covenants under the First Lien Term Loan Facility. Additionally, GoodRx is restricted from making dividend payments, loans or advances to us. At March 31, 2023, we were in compliance with our covenants.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Commitments and Contingencies

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

7. Commitments and Contingencies

Aside from the below, as of March 31, 2023, there were no material changes to our commitments and contingencies as disclosed in the notes to our consolidated financial statements included in our 2022 10-K.

Legal Contingencies

In March 2020, we received a letter from the Federal Trade Commission ("FTC") indicating its intent to investigate our privacy and security practices to determine whether such practices comply with Section 5 of the FTC Act. In April 2020, the FTC sent an initial request for information to us regarding our sharing of data regarding individuals’ use of our website, app and services with service providers, including Google and Facebook. Notwithstanding our belief that we complied with applicable regulations and had meritorious defenses to any claims or assertions to the contrary, on February 1, 2023, we reached a negotiated settlement with the FTC (a "proposed consent order") to resolve all claims and allegations arising out of or relating to the FTC investigation which included a monetary settlement amount of $1.5 million that was accrued as of December 31, 2022 and paid during the three months ended March 31, 2023. The proposed consent order was filed in the United States District Court for the Northern District of California ("NDCA") and was approved and entered on February 17, 2023. The consent order also includes agreements to effect or maintain, as applicable, certain changes to our business practices, policies and compliance requirements that may impose additional costs that we do not believe will be material both individually and in the aggregate to us.

Between February 2, 2023, and March 30, 2023, five individual plaintiffs filed five separate putative class actions lawsuits against GoodRx Holdings, Inc., Google, Meta, and Criteo, alleging generally that we have not adequately protected consumer privacy and that we communicated consumer information to third parties, including the three co-defendants. Four of the plaintiffs allege California common law intrusion upon seclusion and unjust enrichment claims, as well as claims under California’s Medical Information Act, Invasion of Privacy Act, Consumer Legal Remedies Act, and Unfair Competition Law. One of these four plaintiffs additionally brings a claim under the Electronic Communications Privacy Act. The fifth plaintiff brings claims for common-law unjust enrichment and violations of New York’s General Business Law. The plaintiffs in these lawsuits are seeking various forms of monetary damages (such as statutory damages, compensatory damages, attorneys’ fees and disgorgement of profits) as well as injunctive relief. Four of these cases were originally filed in the NDCA (Cases No. 3:23-cv-00501; 3:23-cv-00744; 3:23-cv-00940; and 4:23-cv-01293). One case was originally filed in the United States District Court for the Southern District of New York (Case No. 1:23-cv-00943); however, that case was voluntarily dismissed and re-filed in the NDCA (Case No. 3:23-cv-01508). These five matters have been consolidated and assigned to U.S. District Judge Vince Chhabria in the NDCA. An amended consolidated complaint is due to be filed later in May 2023. The court has further set a briefing schedule for motions to dismiss and motions to compel arbitration. In addition, the court referred the parties to mediation, which has not been scheduled or discussed further yet at this time. We have not accrued a loss for the matters described above as a loss is not probable and reasonably estimable. While it is reasonably possible a loss may have been incurred, we are unable to estimate a loss or range of loss in these matters.

The pending proceedings described above involve complex questions of fact and law and may require the expenditure of significant funds and the diversion of other resources to defend. The results of legal proceedings are inherently uncertain, and material adverse outcomes are reasonably possible.

In addition, during the normal course of business, we may become subject to, and are presently involved in, legal proceedings, claims and litigations. Such matters are subject to many uncertainties and outcomes are not predictable with assurance. Accruals for loss contingencies are recognized when a loss is probable, and the amount of such loss can be reasonably estimated.

Revenue

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

8. Revenue

For the three months ended March 31, 2023 and 2022, revenue comprised the following:


	Three Months Ended March 31,
(in thousands)	2023		2022
Prescription transactions revenue	$	134,907	$	155,507
Pharma manufacturer solutions revenue		20,435		23,469
Subscription revenue		24,143		19,110
Other revenue		4,501		5,243
Total revenue	$	183,986	$	203,329

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stockholders Equity

9. Stockholders' Equity

On February 23, 2022, our board of directors authorized the repurchase of up to an aggregate of $250.0 million of our Class A common stock through February 23, 2024 (the "repurchase program"). Repurchases under the repurchase program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at our discretion, depending on market conditions and corporate needs, or under a Rule 10b5-1 trading plan. This repurchase program does not obligate us to acquire any particular amount of Class A common stock and may be modified, suspended or terminated at any time at the discretion of our board of directors.

During the three months ended March 31, 2023, we repurchased and retired 1.6 million shares of our Class A common stock for an aggregate purchase price of $9.5 million under the repurchase program. During the three months ended March 31, 2022, we repurchased and retired 5.6 million shares of our Class A common stock for an aggregate purchase price of $83.8 million under the repurchase program. As of March 31, 2023, we had $138.8 million available for future repurchases of our Class A common stock under the repurchase program.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Basic and Diluted (Loss) Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted (Loss) Earnings Per Share

10. Basic and Diluted (Loss) Earnings Per Share

The computation of (loss) earnings per share for the three months ended March 31, 2023 and 2022 is as follows:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2023			2022
Numerator:
Net (loss) income	$	(3,290	)	$	12,293
Denominator:
Weighted average shares - basic		412,429			414,739
Dilutive impact of stock options, restricted stock awards and restricted stock units		—			12,639
Weighted average shares - diluted		412,429			427,378
(Loss) earnings per share:
Basic	$	(0.01	)	$	0.03
Diluted	$	(0.01	)	$	0.03

The following weighted average potentially dilutive shares are excluded from the computation of diluted (loss) earnings per share for the periods presented because including them would have been antidilutive:


	Three Months Ended March 31,
(in thousands)	2023		2022
Stock options, restricted stock awards and restricted stock units		38,027		4,902

Subsequent Events

3 Months Ended

Mar. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

11. Subsequent Events

On April 25, 2023, Trevor Bezdek and Douglas Hirsch determined that they would transition from their roles as our co-Chief Executive Officers (the “Transition”). Messrs. Bezdek and Hirsch will each remain executive officers of GoodRx Holdings, Inc. and its consolidated subsidiaries, serving as Chairman and Chief Mission Officer, respectively, in addition to continuing as directors of our board. Pursuant to their restated employment agreements as a result of the Transition, Messrs. Bezdek and Hirsch have agreed not to sell their ownership of any of our common stock without approval from our board of directors, subject to certain exceptions including, but not limited to, pursuant to any new, modified or amended contract,

instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)(1) under the Exchange Act (a “Rule 10b5-1 Plan”) that has been approved or will be approved by our board of directors after April 25, 2023 or an existing Rule 10b5-1 Plan as of such date.

In connection with the Transition, our board of directors appointed Scott Wagner as our Interim Chief Executive Officer (principal executive officer), effective April 25, 2023. Pursuant to Mr. Wagner's employment agreement, Mr. Wagner will, amongst other compensation terms and conditions, be granted a stock option award on the first trading day of the first “open window” under our insider trading policy that occurs following April 25, 2023. The stock option award will cover between 2.5 million and 3.0 million shares of our Class A common stock, with the final number determined by our board of directors in its sole discretion prior to or on the applicable grant date. The stock option award will vest and become exercisable in twelve substantially equal installments on each monthly anniversary of April 25, 2023, subject to Mr. Wagner’s continued employment through the applicable vesting date.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Certain information and disclosures normally included in our annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2022 and the related notes, which are included in our Annual Report on Form 10-K filed with the SEC on March 1, 2023 ("2022 10-K"). The December 31, 2022 condensed consolidated balance sheet was derived from our audited consolidated financial statements as of that date. The condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of our condensed consolidated financial statements. The operating results for the three months ended March 31, 2023 are not necessarily indicative of the results expected for the full year ending December 31, 2023. There have been no material changes in significant accounting policies during the three months ended March 31, 2023 from those disclosed in “Note 2. Summary of Significant Accounting Policies” in the notes to our consolidated financial statements included in our 2022 10-K.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of GoodRx Holdings, Inc., its wholly owned subsidiaries and variable interest entities for which we are the primary beneficiary. Intercompany balances and transactions have been eliminated in consolidation. Results of businesses acquired are included in our condensed consolidated financial statements from their respective dates of acquisition.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements, including the accompanying notes. We base our estimates on historical factors; current circumstances, including the impact of a grocery chain that previously did not accept discounted pricing for a subset of prescription drugs from our PBMs starting late in the first quarter of 2022 ("grocer issue"); macroeconomic events and conditions, including the consideration of the economic impact of COVID-19; and the experience and judgment of our management. We evaluate our estimates and assumptions on an ongoing basis. Actual results can differ materially from these estimates, and such differences can affect the results of operations reported in future periods. Although the grocer issue was addressed in August 2022 and our discounted pricing has since been consistently welcomed at the point of sale by the grocery chain, the sustained effects of the grocer issue on our business, future results of operations and financial condition continue to be difficult to estimate because there are several variables that are highly uncertain, including, among others, consumer response to updated consumer pricing and timing and extent of returning user levels.
Certain Risks and Concentrations	Certain Risks and Concentrations Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. We maintain cash deposits with multiple financial institutions in the United States which, at times, may exceed federally insured limits. Cash may be withdrawn or redeemed on demand. We believe that the financial institutions that hold our cash are financially sound and, accordingly, minimal credit risk exists with respect to these balances. However, market conditions can impact the viability of these institutions. In the event of failure of any of the financial institutions where we maintain our cash and cash equivalents, there can be no assurance that we will be able to access uninsured funds in a timely manner or at all. We have not experienced any losses in such accounts. We consider all short-term, highly liquid investments purchased with an original maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents, consisting of U.S. treasury securities money market funds, of $642.5 million at March 31, 2023 and December 31, 2022 were classified as Level 1 of the fair value hierarchy and valued using quoted market prices in active markets. We extend credit to our customers based on an evaluation of their ability to pay amounts due under contractual arrangements and generally do not obtain or require collateral. For the three months ended March 31, 2023, two customers accounted for approximately 13% and 11% of our revenue. For the three months ended March 31, 2022, two customers accounted for approximately 13% and 10% of our revenue. At March 31, 2023, one customer accounted for approximately 13% of our accounts receivable balance. At December 31, 2022, one customer accounted for approximately 13% of our accounts receivable balance.
Equity Investments	Equity Investments We retain minority equity interests in privately-held companies without readily determinable fair values. Our ownership interests are less than 20% of the voting stock of the investees and we do not have the ability to exercise significant influence over the operating and financial policies of the investees. The equity investments are accounted for under the measurement alternative in accordance with Accounting Standards Codification Topic 321, Investments – Equity Securities, which is cost minus impairment, if any, plus or minus changes resulting from observable price changes. There were no adjustments resulting from observable price changes during the three months ended March 31, 2023. Due to indicators of a decline in the financial condition of one of our investees, we recognized a $1.8 million impairment loss on one of our minority equity interest investments during the three months ended March 31, 2023 and presented it as other expense on our accompanying condensed consolidated statement of operations. We did not recognize any changes resulting from observable price changes or impairment loss on our minority equity interest investments during the three months ended March 31, 2022. Equity investments included in other assets on our accompanying condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022 was $17.2 million and $19.0 million, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncement Recently Adopted Accounting Pronouncement In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ("Topic 820"), which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. This guidance is effective for annual periods beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption of this ASU is permitted. This ASU should be applied prospectively and recognize in earnings on the adoption date any adjustments made as a result of adoption. We early adopted this guidance effective January 1, 2023, and the adoption did not have an impact to our consolidated financial statements and disclosures.

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Summary of Supplemental Unaudited Pro Forma Financial Information

The following table reflects the pro forma unaudited consolidated results of operations for the three months ended March 31, 2022 as if the acquisition of vitaCare had occurred on January 1, 2021.


(in thousands)	Three Months Ended March 31, 2022
Pro forma revenue	$	203,824
Pro forma net income	$	5,140

Accrued Expenses and Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


(in thousands)	March 31, 2023		December 31, 2022
Accrued bonus and other payroll related	$	11,524	$	20,642
Accrued marketing		13,190		12,104
Deferred revenue		10,763		7,879
Income taxes payable		3,738		—
Other accrued expenses		8,515		6,898
Total accrued expenses and other current liabilities	$	47,730	$	47,523

Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Our debt balance is as follows:


(in thousands)	March 31, 2023			December 31, 2022
Principal balance under First Lien Term Loan Facility	$	665,310		$	667,068
Less: Unamortized debt issuance costs and discounts		(7,505	)		(8,243	)
	$	657,805		$	658,825

Revenue (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Revenue

revenue comprised the following:


	Three Months Ended March 31,
(in thousands)	2023		2022
Prescription transactions revenue	$	134,907	$	155,507
Pharma manufacturer solutions revenue		20,435		23,469
Subscription revenue		24,143		19,110
Other revenue		4,501		5,243
Total revenue	$	183,986	$	203,329

Basic and Diluted (Loss) Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule Computation of (Loss) Earnings Per Share

The computation of (loss) earnings per share for the three months ended March 31, 2023 and 2022 is as follows:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2023			2022
Numerator:
Net (loss) income	$	(3,290	)	$	12,293
Denominator:
Weighted average shares - basic		412,429			414,739
Dilutive impact of stock options, restricted stock awards and restricted stock units		—			12,639
Weighted average shares - diluted		412,429			427,378
(Loss) earnings per share:
Basic	$	(0.01	)	$	0.03
Diluted	$	(0.01	)	$	0.03

Weighted-Average Potentially Dilutive Shares Were Excluded From Computation of Diluted (Loss) Earnings Per Share


	Three Months Ended March 31,
(in thousands)	2023		2022
Stock options, restricted stock awards and restricted stock units		38,027		4,902

Description of Business - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023
Description Of Business [Line Items]
Entity incorporation month and year	2015-09

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($) Customer	Mar. 31, 2022 Customer	Dec. 31, 2022 USD ($) Customer
Accounting Policies [Line Items]
Equity investments impairment loss	$ 1.8
Equity investments included in other assets	$ 17.2		$ 19.0
Minority Equity Interests
Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Money Market Funds \| Fair Value, Inputs, Level 1
Accounting Policies [Line Items]
Cash equivalents, fair value disclosure	$ 642.5		$ 642.5
Customer Concentration Risk \| Revenue From Customer
Accounting Policies [Line Items]
Number of customers \| Customer	2	2
Customer Concentration Risk \| Customer One \| Revenue From Customer
Accounting Policies [Line Items]
Concentration risk percentage	13.00%	13.00%
Customer Concentration Risk \| Customer Two \| Revenue From Customer
Accounting Policies [Line Items]
Concentration risk percentage	11.00%	10.00%
Credit Concentration Risk \| Accounts Receivable
Accounting Policies [Line Items]
Number of customers \| Customer	1		1
Credit Concentration Risk \| Customer One \| Accounts Receivable
Accounting Policies [Line Items]
Concentration risk percentage	13.00%		13.00%

Business Combinations - Additional Information (Details) - USD ($)			3 Months Ended
	Apr. 14, 2022	Feb. 18, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Business combination, consideration paid in cash	$ 149,900,000
Revenue			$ 183,986,000	$ 203,329,000
Fair value of contingent consideration payable	7,000,000.0
Goodwill			412,117,000		$ 412,117,000
Prepaid expenses and other current assets			29,499,000		45,380,000
Net income			(3,290,000)	$ 12,293,000
Developed technology
Business Acquisition [Line Items]
Finite lived intangible assets acquired, Fair Value	$ 30,000,000.0
flipMD, Inc
Business Acquisition [Line Items]
Business combination, consideration paid in cash		$ 7,000,000.0
VitaCare Prescription Services, Inc
Business Acquisition [Line Items]
Date of acquisition	Apr. 14, 2022
Total purchase consideration	$ 131,800,000
Fair value of contingent consideration payable	1,700,000		0		$ 0
Fair value of the consideration transferred			$ 18,100,000
Fair value of contingent consideration receivable	19,700,000
Goodwill	80,600,000
Intangible assets	52,000,000.0
VitaCare Prescription Services, Inc \| Customer relationships
Business Acquisition [Line Items]
Finite lived intangible assets acquired, Fair Value	$ 21,000,000.0

Business Combinations - Summary of Supplemental Unaudited Pro Forma Financial Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Business Acquisition, Pro Forma Information [Abstract]
Pro forma revenue	$ 203,824
Pro forma net income	$ 5,140

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract]
Total prepaid expenses and other current assets	$ 29,499	$ 45,380

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued bonus and other payroll related	$ 11,524	$ 20,642
Accrued marketing	13,190	12,104
Deferred revenue	10,763	7,879
Income taxes payable	3,738	0
Other accrued expenses	8,515	6,898
Total accrued expenses and other current liabilities	$ 47,730	$ 47,523

Accrued Expenses and Other Current Liabilities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Payables and Accruals [Abstract]
Deferred revenue	$ 10,763		$ 7,879
Revenue recognized	$ 5,700	$ 4,500

Income Taxes - Additional Information (Details)	3 Months Ended
Income Taxes - Additional Information (Details)	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax rate	191.50%	11.80%

Debt - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Fair value of debt	$ 660,300	$ 649,600
Principal balance	0	0
First Lien Credit Agreement
Debt Instrument [Line Items]
Line of credit	$ 700,000
Frequency of interest payment	quarterly
Line of credit maturity date	Oct. 10, 2025
Description of payments	The First Lien Term Loan Facility requires quarterly principal payments through September 2025, with any remaining unpaid principal and any accrued and unpaid interest due upon maturity on October 10, 2025.
Covenant terms	As of March 31, 2023, we were subject to a financial covenant requiring maintenance of a First Lien Net Leverage Ratio not to exceed 8.2 to 1.0 and other nonfinancial covenants under the First Lien Term Loan Facility. Additionally, GoodRx is restricted from making dividend payments, loans or advances to us. At March 31, 2023, we were in compliance with our covenants.
Effective interest rate	7.81%		3.39%
Minimum \| First Lien Credit Agreement
Debt Instrument [Line Items]
Interest rate on used amounts	2.50%
Interest rate on used amounts	2.75%
Interest rate on unused amounts	0.25%
Maximum net leverage ratio	8.20%
Maximum \| First Lien Credit Agreement
Debt Instrument [Line Items]
Interest rate on used amounts	3.00%
Interest rate on unused amounts	0.50%
Maximum net leverage ratio	1.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit	$ 100,000
Line of credit maturity date	Oct. 11, 2024
Letter of Credit
Debt Instrument [Line Items]
Line of credit	$ 9,200	$ 9,200
Subsidiary \| First Lien Credit Agreement
Debt Instrument [Line Items]
Percentage of collateralized assets	100.00%

Debt - Schedule of Debt (Details) - First Lien Credit Agreement [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal balance	$ 665,310	$ 667,068
Less: Unamortized debt issuance costs and discounts	(7,505)	(8,243)
Total debt	$ 657,805	$ 658,825

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Commitments and Contingencies - Additional Information (Details) $ in Millions	Mar. 31, 2023 USD ($)
Purchase Commitment Excluding Longterm Commitment [Line Items]
Accrued settlement	$ 1.5

Revenue - Summary of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Revenue	$ 183,986	$ 203,329
Prescription Transactions Revenue
Disaggregation Of Revenue [Line Items]
Revenue	134,907	155,507
Pharma Manufacturer Solutions Revenue
Disaggregation Of Revenue [Line Items]
Revenue	20,435	23,469
Subscription Revenue
Disaggregation Of Revenue [Line Items]
Revenue	24,143	19,110
Other Revenue
Disaggregation Of Revenue [Line Items]
Revenue	$ 4,501	$ 5,243

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Stockholders' Equity - Additional Information (Details) - Common Class A [Member] - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Feb. 23, 2022
Class of Stock [Line Items]
Stock repurchase, authorized amount			$ 250.0
Common stock repurchased and retired (in shares)	1.6	5.6
Common stock repurchased and retired	$ 9.5	$ 83.8
Stock Repurchase Program, Available for Future Repurchases	$ 138.8

Basic and Diluted (Loss) Earnings Per Share - Schedule Computation of (Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net (loss) income	$ (3,290)	$ 12,293
Denominator:
Weighted average shares - basic	412,429	414,739
Dilutive impact of stock options, restricted stock awards and restricted stock units	0	12,639
Weighted average shares - diluted	412,429	427,378
(Loss) Earnings Per Share:
Basic	$ (0.01)	$ 0.03
Diluted	$ (0.01)	$ 0.03

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Basic and Diluted (Loss) Earnings Per Share - Weighted-Average Potentially Dilutive Shares Were Excluded From Computation of Diluted (Loss) Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock options, restricted stock awards and restricted stock units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock options, restricted stock awards and restricted stock units	38,027	4,902

Subsequent Events (Detail) - Subsequent Event - Common Class A $ in Millions	Apr. 25, 2023 USD ($)
Maximum
Subsequent Event [Line Items]
Stock Option Award Recevied	$ 3.0
Minimum
Subsequent Event [Line Items]
Stock Option Award Recevied	$ 2.5