Company research
Root, Inc.
CIK 1788882Updated Sep 24, 2026
SecurityROOT · NASDAQ · equity
Name history
Root Stockholdings, Inc. · through Sep 17, 2020
ROOT price & chart
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NASDAQ:ROOT on TradingView ↗In the news
Root, Inc. Announces 2026 Second Quarter Results ↗
Recent filings
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
4 filing
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
S-8 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,674,500,000Source | 1,495,700,000Source | 1,347,700,000Source | 1,312,900,000Source |
| Property, Plant and Equipment, NetUSD | 1,200,000Source | 1,800,000Source | 2,800,000Source | 5,500,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 669,300,000Source | 599,300,000Source | 678,700,000Source | 762,100,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,000,000Source | 2,600,000Source | 3,500,000Source | 4,300,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,278,200,000Source | 1,180,000,000Source | 1,070,000,000Source | 923,800,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 1,922,000,000Source | 1,887,900,000Source | 1,883,400,000Source | 1,850,700,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,641,600,000Source | -1,681,900,000Source | -1,715,200,000Source | -1,567,800,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 3,900,000Source | -2,300,000Source | -2,500,000Source | -5,800,000Source |
| Stockholders' Equity Attributable to ParentUSD | 284,300,000Source | 203,700,000Source | 165,700,000Source | 277,100,000Source |
| Liabilities and EquityUSD | 1,674,500,000Source | 1,495,700,000Source | 1,347,700,000Source | 1,312,900,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 200,300,000Source | 200,100,000Source | 299,000,000Source | 295,400,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 40,100,000Source | 18,500,000Source | 17,300,000Source | 30,500,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 206,500,000Source | 195,700,000Source | -33,600,000Source | -210,600,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -91,700,000Source | -154,400,000Source | -45,700,000Source | -16,600,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | 400,000Source | 200,000Source | 0Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 25,500,000Source | 15,100,000Source | 1,100,000Source | — |
| Payments for Repurchase of Common StockUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -25,200,000Source | -120,700,000Source | -4,100,000Source | 283,300,000Source |
| Repayments of Long-term DebtUSD | 0Source | 237,100,000Source | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 89,600,000Source | -79,400,000Source | -83,400,000Source | 56,100,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 689,900,000Source | 600,300,000Source | 679,700,000Source | 763,100,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 20,700,000Source | 43,900,000Source | 42,500,000Source | 24,500,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 40,100,000Source | 18,500,000Source | 17,300,000Source | 30,500,000Source |
| Capitalized Computer Software, AmortizationUSD | 8,500,000Source | 8,600,000Source | 6,300,000Source | 5,000,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | 0Source | 0Source | 500,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 97,400,000Source | 35,700,000Source | 35,100,000Source | 22,500,000Source |
| DepreciationUSD | 200,000Source | 1,000,000Source | 1,500,000Source | 2,100,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 11,800,000Source | 14,900,000Source | 12,600,000Source | 13,800,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | — | — | 0Source | 0Source |
| Gain (Loss) on InvestmentsUSD | — | 0Source | 0Source | 500,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -5,400,000Source | 0Source | 0Source |
| General and Administrative ExpenseUSD | 96,900,000Source | 69,500,000Source | 83,300,000Source | 127,400,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 500,000Source | 0Source | 0Source | 0Source |
| InterestExpenseNonoperatingUSD | 21,000,000Source | 42,200,000Source | — | — |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 924,200,000Source | 733,000,000Source | 331,300,000Source | 351,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 40,300,000Source | 30,900,000Source | -147,400,000Source | -297,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 38,300,000Source | 29,200,000Source | — | — |
| Operating ExpensesUSD | 1,455,300,000Source | 1,098,000,000Source | 556,300,000Source | 573,900,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 67,800,000Source | 54,600,000Source | 37,500,000Source | 34,100,000Source |
| Proceeds from Stock Options ExercisedUSD | 300,000Source | 100,000Source | — | — |
| Realized Investment Gains (Losses)USD | — | 0Source | 0Source | 500,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,517,100,000Source | 1,176,500,000Source | 455,000,000Source | 310,800,000Source |
| Operating Income (Loss)USD | 61,800,000Source | 78,500,000Source | -101,300,000Source | -263,100,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 40,800,000Source | 30,900,000Source | -147,400,000Source | -297,700,000Source |
| Income Tax Expense (Benefit)USD | 500,000Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 40,300,000Source | 30,900,000Source | -147,400,000Source | -297,700,000Source |
| Earnings Per Share, BasicUSD per share | 2.49Source | 1.96Source | -10.24Source | -21.11Source |
| Earnings Per Share, DilutedUSD per share | 2.36Source | 1.83Source | -10.24Source | -21.11Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 15,400,000Source | 14,900,000Source | 14,400,000Source | 14,100,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 17,100,000Source | 16,900,000Source | 14,400,000Source | 14,100,000Source |
| Interest Expense (non-operating)USD | 21,000,000Source | 42,200,000Source | — | — |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 8,500,000Source | 8,600,000Source | 6,300,000Source | 5,000,000Source |
| Current Income Tax Expense (Benefit)USD | 500,000Source | 0Source | 0Source | 0Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 97,400,000Source | 35,700,000Source | 35,100,000Source | 22,500,000Source |
| Gain (Loss) on InvestmentsUSD | — | 0Source | 0Source | 500,000Source |
| General and Administrative ExpenseUSD | 96,900,000Source | 69,500,000Source | 83,300,000Source | 127,400,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -59,500,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 46,100,000Source | 34,600,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 924,200,000Source | 733,000,000Source | 331,300,000Source | 351,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 38,300,000Source | 29,200,000Source | — | — |
| Net Investment IncomeUSD | 33,700,000Source | 35,900,000Source | 30,200,000Source | 6,200,000Source |
| Operating ExpensesUSD | 1,455,300,000Source | 1,098,000,000Source | 556,300,000Source | 573,900,000Source |
| Other IncomeUSD | 3,400,000Source | 3,700,000Source | 1,500,000Source | 1,700,000Source |
| Realized Investment Gains (Losses)USD | — | 0Source | 0Source | 500,000Source |
| Selling and Marketing ExpenseUSD | 174,800,000Source | 135,800,000Source | 49,300,000Source | 48,000,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 2,000,000Source | 1,700,000Source | — | — |