ROOT · Root, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $393.50M | - | $387.80M | $382.90M | $349.40M | - | $305.70M | $289.20M | $254.90M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.50M | - | $25.80M | $23.60M | $20.50M | - | $17.50M | $18.10M | $17.10M | - |
| Total Operating Expenses | $352.60M | - | $387.50M | $355.60M | $325.70M | - | $271.30M | $285.40M | $249.50M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $40.90M | - | $300.0K | $27.30M | $23.70M | - | $34.40M | $3.80M | $5.40M | - |
| Interest Expense | $4.80M | - | $5.30M | $5.30M | $11.60M | - | $11.60M | $11.50M | $11.60M | - |
| Income Tax | $200.0K | - | $400.0K | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | $35.90M | - | ($5.40M) | $22.00M | $18.40M | - | $22.80M | ($7.80M) | ($6.20M) | - |
| EPS - Basic | $2.19 | - | ($0.35) | $1.36 | $1.15 | - | $1.45 | ($0.52) | ($0.42) | - |
| EPS - Diluted | $2.09 | - | ($0.35) | $1.29 | $1.07 | - | $1.35 | ($0.52) | ($0.42) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $597.20M | $669.30M | $653.30M | $641.40M | $609.40M | $599.30M | $674.80M | $667.20M | $640.50M | $678.70M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.68B | $1.67B | $1.64B | $1.59B | $1.59B | $1.50B | $1.56B | $1.50B | $1.43B | $1.35B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $200.30M | $200.30M | $200.40M | $200.10M | $200.00M | $200.10M | $300.90M | $300.10M | $299.30M | $299.00M |
| Total Liabilities | $1.25B | $1.28B | $1.27B | $1.23B | $1.24B | $1.18B | $1.27B | $1.23B | $1.15B | $1.07B |
| Stockholders' Equity | $325.90M | $284.30M | $265.00M | $244.50M | $228.70M | $203.70M | $181.90M | $151.30M | $165.70M | $165.70M |
| Retained Earnings | ($1.61B) | ($1.64B) | ($1.65B) | ($1.64B) | ($1.66B) | ($1.68B) | ($1.70B) | ($1.73B) | ($1.72B) | ($1.72B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.30M | - | - | - | $26.80M | - | - | - | $14.50M | - |
| Investing Cash Flow | ($86.60M) | - | - | - | ($13.80M) | - | - | - | ($52.30M) | - |
| Financing Cash Flow | ($3.70M) | - | - | - | ($2.80M) | - | - | - | ($400.0K) | - |
| CapEx | - | - | - | - | $0 | - | - | - | $200.0K | - |
| Free Cash Flow | - | - | - | - | $26.80M | - | - | - | $14.30M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 10.4% | - | 0.1% | 7.1% | 6.8% | - | 11.3% | 1.3% | 2.1% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 9.1% | - | -1.4% | 5.7% | 5.3% | - | 7.5% | -2.7% | -2.4% | - |
| Free cash flow margin | - | - | - | - | 7.7% | - | - | - | 5.6% | - |
| FCF / Net income | - | - | - | - | 1.46 | - | - | - | -2.31 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.2% | - | 6.7% | 6.2% | 5.9% | - | 5.7% | 6.3% | 6.7% | - |
| Effective tax rate | 0.6% | - | - | 0.0% | 0.0% | - | 0.0% | - | - | - |
| Return on assets | 2.1% | - | -0.3% | 1.4% | 1.2% | - | 1.5% | -0.5% | -0.4% | - |
| Return on equity | 11.0% | - | -2.0% | 9.0% | 8.0% | - | 12.5% | -5.2% | -3.7% | - |
| Return on invested capital | 7.7% | - | 0.1% | 6.1% | 5.5% | - | 7.1% | 0.7% | 0.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.61 | 0.70 | 0.76 | 0.82 | 0.87 | 0.98 | 1.65 | 1.98 | 1.81 | 1.80 |
| Debt / Assets | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.19 | 0.20 | 0.21 | 0.22 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 8.5x | - | 0.1x | 5.2x | 2.0x | - | 3.0x | 0.3x | 0.5x | - |
| Equity multiplier | 5.17 | 5.89 | 6.20 | 6.49 | 6.93 | 7.34 | 8.59 | 9.89 | 8.64 | 8.13 |
| Liabilities / Assets | 0.74 | 0.76 | 0.77 | 0.78 | 0.79 | 0.79 | 0.81 | 0.82 | 0.81 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.24 | 0.24 | 0.22 | - | 0.20 | 0.19 | 0.18 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 21.1x | - | - | 99.2x | 124.7x | - | 28.0x | - | - | - |
| P / B | 2.3x | - | 5.2x | 9.0x | 10.0x | - | 3.5x | 5.1x | 5.4x | - |
| P / S | 1.9x | - | 3.6x | 5.7x | 6.6x | - | 2.1x | 2.7x | 3.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.6% | - | 26.9% | 32.4% | 37.1% | - | 165.1% | 286.6% | 263.6% | - |
| Revenue CAGR (3y) | 77.7% | - | 73.9% | 68.2% | 59.9% | - | 48.3% | 47.7% | 54.9% | - |
| Revenue CAGR (5y) | 41.8% | - | 50.3% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 72.6% | - | -99.1% | 618.4% | 338.9% | - | - | - | - | - |
| Net income growth (YoY) | 95.1% | - | - | - | - | - | - | 78.7% | 84.8% | - |
| EPS growth (YoY) | 95.3% | - | - | - | - | - | - | 79.6% | 85.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 87.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 42.5% | 39.6% | 45.7% | 61.6% | 38.0% | 22.9% | 2.7% | -29.4% | -32.0% | -40.2% |
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Root against the 5 most active filers in the same SIC group.