NASDAQ : ROOT
Root, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 51.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 801.93M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 1.45B | 1.40B | 1.07B | 399.90M | 285.90M | 310.30M |
| Total Interest & Dividend Income | 33.70M | 33.70M | 35.90M | 30.20M | 6.20M | 5.00M |
| Gain (Loss) on Sale of Investments | -4.30M | 500.00K | 2.40M | |||
| Other Revenue | 3.50M | 3.40M | 3.70M | 1.50M | 1.70M | 6.80M |
| Total Revenue | 1.57B | 1.52B | 1.18B | 455.00M | 310.80M | 345.40M |
| Policy Benefits | 951.40M | 924.20M | 733.00M | 331.30M | 351.00M | 392.30M |
| Selling, General & Administrative | 492.90M | 494.80M | 359.10M | 197.20M | 183.30M | 417.10M |
| Other Operating Expenses | -10.90M | -8.80M | 3.40M | |||
| Total Operating Expenses | 1.48B | 1.46B | 1.10B | 545.10M | 555.30M | 830.60M |
| Operating Income | 86.30M | 61.90M | 78.70M | -90.10M | -244.50M | -485.20M |
| Interest Expense | -19.30M | -21.00M | -42.20M | -46.10M | -34.60M | -20.00M |
| EBT Excluding Unusual Items | 67.00M | 40.90M | 36.50M | -136.20M | -279.10M | -505.20M |
| Merger & Restructuring Charges | -100.00K | -200.00K | -11.20M | -18.60M | ||
| Other Unusual Items | -4.90M | -5.40M | -15.90M | |||
| Pretax Income | 62.10M | 40.80M | 30.90M | -147.40M | -297.70M | -521.10M |
| Income Tax Expense | 900.00K | 500.00K | ||||
| Earnings From Continuing Ops. | 61.20M | 40.30M | 30.90M | -147.40M | -297.70M | -521.10M |
| Minority Interest in Earnings | -3.00M | -2.00M | -1.70M | |||
| Net Income | 58.20M | 38.30M | 29.20M | -147.40M | -297.70M | -521.10M |
| Net Income to Common | 58.20M | 38.30M | 29.20M | -147.40M | -297.70M | -521.10M |
| Shares Outstanding (Basic) | 15.55M | 15.40M | 14.90M | 14.40M | 14.10M | 13.80M |
| Shares Outstanding (Diluted) | 17.10M | 17.10M | 16.90M | 14.40M | 14.10M | 13.80M |
| EPS (Basic) | 3.74 | 2.49 | 1.96 | -10.24 | -21.11 | -37.76 |
| EPS (Diluted) | 3.58 | 2.36 | 1.83 | -10.24 | -21.11 | -37.76 |
| Free Cash Flow | 194.50M | 206.50M | 195.30M | -33.80M | -210.60M | -408.00M |
| Free Cash Flow Per Share | 11.37 | 12.08 | 11.56 | -2.35 | -14.94 | -29.57 |
| Operating Margin | 5.51% | 4.08% | 6.69% | -19.80% | -78.67% | -140.47% |
| Profit Margin | 3.71% | 2.53% | 2.48% | -32.40% | -95.78% | -150.87% |
| Free Cash Flow Margin | 12.41% | 13.61% | 16.60% | -7.43% | -67.76% | -118.12% |
| EBITDA | 91.40M | 65.10M | 84.60M | -84.20M | -237.40M | -472.30M |
| EBITDA Margin | 5.83% | 4.29% | 7.19% | -18.50% | -76.38% | -136.74% |
| D&A For EBITDA | 5.10M | 3.20M | 5.90M | 5.90M | 7.10M | 12.90M |
| EBIT | 86.30M | 61.90M | 78.70M | -90.10M | -244.50M | -485.20M |
| EBIT Margin | 5.50% | 4.08% | 6.69% | -19.80% | -78.67% | -140.47% |
| Effective Tax Rate | 1.45% | 1.23% | ||||
| Revenue as Reported | 1.57B | 1.52B | 1.18B | 455.00M | 310.80M | 345.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 506.30M | 387.00M | 292.00M | 165.90M | 128.40M | 129.90M |
| Investments in Equity & Preferred Securities | 4.40M | 4.40M | 4.40M | 4.40M | 4.70M | |
| Other Investments | 15.30M | 14.80M | 900.00K | 400.00K | ||
| Total Investments | 521.60M | 391.40M | 311.20M | 171.20M | 133.20M | 134.60M |
| Cash & Equivalents | 509.60M | 669.30M | 599.30M | 678.70M | 762.10M | 706.00M |
| Reinsurance Recoverable | 112.20M | 129.80M | 150.60M | 125.30M | 148.80M | 155.00M |
| Other Receivables | 330.70M | 332.80M | 305.30M | 247.10M | 111.90M | 148.10M |
| Deferred Policy Acquisition Cost | 47.10M | |||||
| Property, Plant & Equipment | 3.20M | 4.40M | 6.30M | 9.80M | 15.40M | |
| Other Intangible Assets | 37.80M | 32.20M | 29.40M | 26.50M | 21.40M | |
| Restricted Cash | 65.20M | 20.60M | 1.00M | 1.00M | 1.00M | 1.00M |
| Other Current Assets | 6.30M | 25.10M | 48.20M | 74.20M | 100.80M | |
| Other Long-Term Assets | 82.10M | 83.30M | 66.60M | 40.50M | 45.40M | 37.00M |
| Total Assets | 1.67B | 1.67B | 1.50B | 1.35B | 1.31B | 1.32B |
| Accounts Payable | 47.90M | 74.20M | 71.10M | 65.60M | 39.70M | 29.10M |
| Insurance & Annuity Liabilities | 489.20M | 483.60M | 413.20M | 284.20M | 287.40M | 320.20M |
| Unearned Premiums | 384.00M | 393.70M | 353.90M | 283.70M | 136.50M | 180.10M |
| Reinsurance Payable | 87.60M | 2.40M | 32.80M | 54.40M | 119.80M | 101.60M |
| Current Portion of Leases | 2.30M | |||||
| Long-Term Debt | 197.80M | 200.30M | 200.10M | 299.00M | 295.40M | |
| Long-Term Leases | 2.00M | 6.00M | 8.20M | 10.50M | 14.10M | |
| Other Long-Term Liabilities | 22.10M | 119.70M | 102.90M | 74.90M | 34.50M | 25.80M |
| Total Liabilities | 1.23B | 1.28B | 1.18B | 1.07B | 923.80M | 670.90M |
| Preferred Stock, Convertible | 112.00M | 112.00M | 112.00M | 112.00M | 112.00M | 112.00M |
| Additional Paid-In Capital | 1.91B | 1.92B | 1.89B | 1.88B | 1.85B | 1.81B |
| Retained Earnings | -1.58B | -1.64B | -1.68B | -1.72B | -1.57B | -1.27B |
| Comprehensive Income & Other | -2.00M | 3.90M | -2.30M | -2.50M | -5.80M | 400.00K |
| Total Common Equity | 327.90M | 284.30M | 203.70M | 165.70M | 277.10M | 536.40M |
| Shareholders' Equity | 439.90M | 396.30M | 315.70M | 277.70M | 389.10M | 648.40M |
| Total Liabilities & Equity | 1.67B | 1.67B | 1.50B | 1.35B | 1.31B | 1.32B |
| Filing Date Shares Outstanding | 15.49M | 15.55M | 15.20M | 14.60M | 14.20M | 14.11M |
| Total Common Shares Outstanding | 15.50M | 15.50M | 15.10M | 14.50M | 14.20M | 14.04M |
| Total Debt | 197.80M | 204.60M | 206.10M | 307.20M | 305.90M | 14.10M |
| Net Cash (Debt) | 311.80M | 464.70M | 393.20M | 371.50M | 456.20M | 691.90M |
| Net Cash Per Share | 18.23 | 27.18 | 23.27 | 25.80 | 32.35 | 50.14 |
| Book Value Per Share | 21.15 | 18.34 | 13.49 | 11.43 | 19.51 | 38.19 |
| Tangible Book Value | 327.90M | 246.50M | 171.50M | 136.30M | 250.60M | 515.00M |
| Tangible Book Value Per Share | 21.15 | 15.90 | 11.36 | 9.40 | 17.65 | 36.67 |
| Machinery | 2.70M | 8.60M | 8.50M | 9.40M | 10.40M | |
| Leasehold Improvements | 5.30M | 7.20M | 7.60M | 8.90M | 9.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 58.20M | 38.30M | 29.20M | -147.40M | -297.70M | -521.10M |
| Depreciation & Amortization | 5.10M | 3.20M | 5.90M | 5.90M | 7.10M | 12.90M |
| Other Amortization | 8.50M | 8.50M | 8.60M | 6.30M | 5.00M | 3.70M |
| Gain (Loss) on Sale of Investments | 4.30M | -500.00K | -6.20M | |||
| Stock-Based Compensation | 41.30M | 40.10M | 18.50M | 17.30M | 30.50M | 19.30M |
| Change in Accounts Receivable | -27.40M | -64.20M | -92.30M | -147.70M | 18.80M | -39.70M |
| Reinsurance Recoverable | 33.30M | 20.80M | -24.80M | 21.90M | 6.20M | -30.40M |
| Change in Accounts Payable | -7.20M | 2.70M | 1.30M | 27.70M | 17.90M | -19.20M |
| Change in Unearned Revenue | -11.20M | 39.80M | 70.20M | 147.20M | -43.60M | 23.00M |
| Change in Insurance Reserves / Liabilities | 44.70M | 70.40M | 129.00M | -3.20M | -32.80M | 83.00M |
| Change in Other Net Operating Assets | 22.80M | 19.30M | 26.80M | 72.20M | 27.60M | 23.10M |
| Other Operating Activities | 30.60M | 21.20M | 10.90M | 17.10M | 13.60M | 14.80M |
| Operating Cash Flow | 194.50M | 206.50M | 195.70M | -33.60M | -210.60M | -403.40M |
| Capital Expenditures | -400.00K | -200.00K | -4.60M | |||
| Purchase / Sale of Intangible Assets | -15.30M | -14.10M | -11.40M | -9.20M | -10.10M | -6.60M |
| Investment in Securities | -205.10M | -77.60M | -142.60M | -36.30M | -6.50M | 88.10M |
| Investing Cash Flow | -220.40M | -91.70M | -154.40M | -45.70M | -16.60M | 76.90M |
| Long-Term Debt Issued | 134.40M | 286.00M | ||||
| Total Debt Repaid | -202.10M | -237.10M | -199.50M | |||
| Net Debt Issued (Repaid) | -4.40M | -102.70M | 286.00M | -199.50M | ||
| Issuance of Common Stock | 300.00K | 100.00K | 1.30M | 3.20M | ||
| Repurchases of Common Stock | -37.40M | -25.50M | -15.10M | -1.10M | -1.00M | |
| Issuance of Preferred Stock | 126.50M | |||||
| Other Financing Activities | -3.00M | -3.00M | -3.00M | -10.50M | ||
| Financing Cash Flow | -41.80M | -25.20M | -120.70M | -4.10M | 283.30M | -80.30M |
| Net Cash Flow | -67.70M | 89.60M | -79.40M | -83.40M | 56.10M | -406.80M |
| Free Cash Flow | 194.50M | 206.50M | 195.30M | -33.80M | -210.60M | -408.00M |
| Free Cash Flow Margin | 12.41% | 13.61% | 16.60% | -7.43% | -67.76% | -118.12% |
| Free Cash Flow Per Share | 11.37 | 12.08 | 11.56 | -2.35 | -14.94 | -29.57 |
| Levered Free Cash Flow | 125.08M | 83.06M | 23.81M | -43.12M | -82.84M | -307.65M |
| Unlevered Free Cash Flow | 137.14M | 96.19M | 50.19M | -14.31M | -61.21M | -295.15M |
| Cash Interest Paid | 20.70M | 20.70M | 43.90M | 42.50M | 24.50M | 23.90M |
| Cash Income Tax Paid | 600.00K | 600.00K | ||||
| Change in Working Capital | 8.50M | 58.40M | 88.60M | 52.70M | 12.30M | 52.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 801.47M | 1.12B | 1.10B | 151.96M | 63.31M | 782.75M |
| Enterprise Value | 489.67M | 779.31M | 834.21M | -73.04M | -350.49M | 165.05M |
| PE Ratio | 14.45 | 29.25 | 37.54 | |||
| PS Ratio | 0.51 | 0.74 | 0.93 | 0.33 | 0.20 | 2.27 |
| PB Ratio | 2.45 | 2.83 | 3.47 | 0.55 | 0.16 | 1.21 |
| P/FCF Ratio | 4.12 | 5.42 | 5.61 | |||
| P/OCF Ratio | 4.12 | 5.42 | 5.60 | |||
| EV/Sales Ratio | 0.31 | 0.51 | 0.71 | 0.48 | ||
| EV/EBITDA Ratio | 5.36 | 11.97 | 9.86 | |||
| EV/EBIT Ratio | 5.67 | 12.59 | 10.60 | |||
| EV/FCF Ratio | 2.52 | 3.77 | 4.27 | |||
| Debt / Equity Ratio | 0.45 | 0.52 | 0.65 | 1.11 | 0.79 | 0.02 |
| Debt / EBITDA Ratio | 2.16 | 3.14 | 2.39 | |||
| Debt / FCF Ratio | 1.02 | 0.99 | 1.05 | |||
| Net Debt / Equity Ratio | -0.71 | -1.17 | -1.25 | -1.34 | -1.17 | -1.07 |
| Net Debt / EBITDA Ratio | -3.41 | -7.14 | -4.65 | 4.41 | 1.92 | 1.47 |
| Net Debt / FCF Ratio | -1.60 | -2.25 | -2.01 | 10.99 | 2.17 | 1.70 |
| Quick Ratio | 1.64 | 2.12 | 2.01 | 2.30 | 2.95 | 2.75 |
| Current Ratio | 1.98 | 2.45 | 2.39 | 2.73 | 3.71 | 3.57 |
| Asset Turnover | 0.96 | 0.96 | 0.83 | 0.34 | 0.24 | 0.22 |
| Return on Equity (ROE) | 15.37% | 11.32% | 10.42% | -44.21% | -57.39% | -62.01% |
| Return on Assets (ROA) | 3.31% | 2.44% | 3.46% | -4.23% | -11.61% | -19.68% |
| Return on Invested Capital (ROIC) | 13.33% | 10.89% | 14.22% | -14.08% | -36.02% | -51.53% |
| Earnings Yield | 6.92% | 3.42% | 2.66% | -97.00% | -470.23% | -66.57% |
| FCF Yield | 24.27% | 18.43% | 17.82% | -22.24% | -332.65% | -52.12% |
| Buyback Yield / Dilution | 5.26% | -1.18% | -17.36% | -2.13% | -2.17% | -228.57% |