← Root, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($69.1m) |
($282.4m)
-308.68%
|
($363.0m)
-28.54%
|
($521.1m)
-43.55%
|
($297.7m)
+42.87%
|
($147.4m)
+50.49%
|
$30.9m
+120.96%
|
$40.3m
+30.42%
|
— | |
| Depreciation and amortization | $600k | $4.9m | $15.6m | $16.6m | $13.8m | $12.6m | $14.9m | $11.8m | $13.6m | |
| Share-based compensation | $100k | $1.4m | $3.7m | $19.3m | $30.5m | $17.3m | $18.5m | $40.1m | $64.0m | |
| Change In Working Capital | — | — | — | — | $12.3m | $52.7m | $88.6m | $58.4m | $8.5m | |
| Change In Receivables | — | — | — | — | $25.0m | ($125.8m) | ($117.1m) | ($43.4m) | $5.9m | |
| Changes In Account Receivables | — | — | — | — | $25.0m | ($125.8m) | ($117.1m) | ($43.4m) | $5.9m | |
| Accounts payable and accrued expenses | $9.0m | $19.2m | $18.2m | ($19.2m) | $17.9m | $27.7m | $1.3m | $2.7m | ($37.6m) | |
| Unearned premiums | $45.0m | $98.1m | $11.7m | $23.0m | ($43.6m) | $147.2m | $70.2m | $39.8m | — | |
| Other assets | ($2.7m) | ($3.7m) | ($21.7m) | $800k | ($7.5m) | $4.8m | ($25.0m) | ($14.6m) | — | |
| Other liabilities | ($300k) | $2.7m | $2.1m | $10.3m | $8.5m | $41.4m | $28.7m | $15.1m | — | |
| Change In Other Current Assets | — | — | — | — | ($7.5m) | $4.8m | ($25.0m) | ($14.6m) | ($19.3m) | |
| Change In Other Current Liabilities | — | — | — | — | $8.5m | $41.4m | $28.7m | $15.1m | $23.3m | |
| Net cash provided by (used in) operating activities | ($26.1m) |
($127.2m)
-387.36%
|
($287.2m)
-125.79%
|
($403.4m)
-40.46%
|
($210.6m)
+47.79%
|
($33.6m)
+84.05%
|
$195.7m
+682.44%
|
$206.5m
+5.52%
|
$194.5m
-5.81%
|
|
| Capital Expenditure | — | — | — | — | ($10.1m) | ($9.4m) | ($11.8m) | ($14.1m) | ($15.3m) | |
| Capital Expenditure Reported | — | — | — | — | ($8.8m) | ($9.2m) | ($11.4m) | ($14.1m) | ($15.3m) | |
| Purchases of investments | ($40.3m) | ($138.1m) | ($158.4m) | ($17.0m) | ($47.7m) | ($76.0m) | ($197.8m) | ($147.4m) | — | |
| Proceeds from maturities, call and pay downs of investments | $19.2m | $36.2m | $42.5m | $34.7m | $34.1m | $37.5m | $54.6m | $67.8m | — | |
| Sales of investments | $4.0m | $0 | $17.9m | $70.4m | $7.1m | $2.2m | $600k | $2.0m | — | |
| Net cash used in investing activities | ($20.6m) | ($114.0m) | ($114.1m) | $76.9m | ($16.6m) | ($45.7m) | ($154.4m) | ($91.7m) | ($220.4m) | |
| Bad debt expense | $300k | $9.0m | $23.6m | $20.9m | $17.4m | $14.1m | $33.6m | $36.7m | — | |
| Loss on extinguishment of debt | — | $0 | $0 | $15.9m | $0 | $0 | $5.4m | $0 | — | |
| Proceeds from issuance of debt and related warrants, net of issuance costs | $0 | $189.5m | $12.0m | $0 | $286.0m | $0 | $134.4m | $0 | $197.7m | |
| Repayments of long-term debt | $0 | ($15.5m) | ($13.5m) | ($199.5m) | $0 | $0 | ($237.1m) | $0 | ($202.1m) | |
| Long Term Debt Issuance | — | — | — | — | $286.0m | $0 | $134.4m | $0 | $197.7m | |
| Long Term Debt Payments | — | — | — | — | $0 | $0 | ($237.1m) | $0 | ($202.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | $286.0m | $0 | ($102.7m) | $0 | ($4.4m) | |
| Net Long Term Debt Issuance | — | — | — | ($199.5m) | $286.0m | — | ($102.7m) | — | ($102.7m) | |
| Repayment Of Debt | — | — | — | — | $0 | $0 | ($237.1m) | $0 | ($202.1m) | |
| Common Stock Issuance | — | — | — | $0 | $0 | — | — | — | $0 | |
| Common Stock Payments | — | — | — | $0 | $0 | — | — | — | $0 | |
| Issuance Of Capital Stock | — | — | — | $126.5m | $0 | $0 | — | — | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | ($3.0m) | ($3.0m) | ($3.0m) | $0 | ($20.7m) | |
| Taxes paid related to net share settlement of equity awards | $0 | $0 | $0 | ($3.2m) | ($300k) | ($1.1m) | ($15.1m) | ($25.5m) | — | |
| Net Other Financing Charges | — | — | — | — | ($1.0m) | ($1.1m) | ($15.1m) | ($25.5m) | ($16.6m) | |
| Net cash used in financing activities | $150.9m |
$535.5m
+254.87%
|
$1.1b
+105.14%
|
($80.3m)
-107.31%
|
$283.3m
+452.80%
|
($4.1m)
-101.45%
|
($120.7m)
-2843.90%
|
($25.2m)
+79.12%
|
($41.8m)
-65.87%
|
|
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | $104.2m | $294.3m | $697.2m | ($406.8m) | $56.1m | ($83.4m) | ($79.4m) | $89.6m | — | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of year | $122.3m | $416.6m | $1.1b | $707.0m | $763.1m | $679.7m | $600.3m | $689.9m | $574.8m | |
| Beginning Cash Position | — | — | — | — | $707.0m | $763.1m | $679.7m | $600.3m | $642.5m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Warrant compensation expense | — | $0 | $0 | $8.8m | $14.5m | $17.4m | $3.8m | $19.2m | — | |
| Gain on lease modification | — | — | $0 | $0 | ($900k) | ($300k) | $0 | $0 | — | |
| Premiums receivable | ($33.7m) | ($96.7m) | ($31.0m) | ($39.7m) | $18.8m | ($147.7m) | ($92.3m) | ($64.2m) | — | |
| Reinsurance recoverable and receivable | ($15.2m) | ($9.2m) | ($99.5m) | ($30.4m) | $6.2m | $21.9m | ($24.8m) | $20.8m | — | |
| Prepaid reinsurance premiums | ($11.6m) | ($4.6m) | ($95.4m) | $12.0m | $26.6m | $26.0m | $23.1m | $18.8m | — | |
| Losses and loss adjustment expenses reserves | $32.1m | $107.4m | $96.5m | $83.0m | ($32.8m) | ($3.2m) | $129.0m | $70.4m | — | |
| Reinsurance premiums payable | $19.4m | $6.1m | $63.4m | $12.5m | $18.2m | ($65.4m) | ($21.6m) | ($30.4m) | — | |
| Capitalization of internally developed software | ($2.3m) | ($5.5m) | ($5.4m) | ($6.6m) | ($8.8m) | ($9.2m) | ($11.4m) | ($14.1m) | — | |
| Purchases of fixed assets | ($1.2m) | ($6.6m) | ($1.8m) | ($4.6m) | $0 | ($200k) | ($400k) | $0 | — | |
| Proceeds from exercise of stock options and restricted stock units | — | — | — | — | $1.3m | $0 | $100k | $300k | — | |
| Payment of preferred stock and related warrants issuance costs | — | $0 | $0 | ($10.5m) | ($3.0m) | ($3.0m) | ($3.0m) | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $283.3m | ($4.1m) | ($120.7m) | ($25.2m) | ($41.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($16.6m) | ($45.7m) | ($154.4m) | ($91.7m) | ($220.4m) | |
| Change In Account Payable | — | — | — | — | $36.1m | ($37.7m) | ($20.3m) | ($27.7m) | ($37.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | $56.1m | ($83.4m) | ($79.4m) | $89.6m | — | |
| Change In Payable | — | — | — | — | $36.1m | ($37.7m) | ($20.3m) | ($27.7m) | ($37.6m) | |
| Change In Prepaid Assets | — | — | — | — | $26.6m | $26.0m | $23.1m | $18.8m | ($4.1m) | |
| Changes In Cash | — | — | — | — | $56.1m | ($83.4m) | ($79.4m) | $89.6m | ($67.7m) | |
| End Cash Position | — | — | — | — | $763.1m | $679.7m | $600.3m | $689.9m | $574.8m | |
| Financing Cash Flow | — | — | — | — | $283.3m |
($4.1m)
-101.45%
|
($120.7m)
-2843.90%
|
($25.2m)
+79.12%
|
($41.8m)
-65.87%
|
|
| Free Cash Flow | — | — | — | — | ($220.7m) | ($43.0m) | $183.9m | $192.4m | $179.2m | |
| Gain Loss On Investment Securities | — | — | — | ($2.4m) | ($500k) | — | — | — | — | |
| Interest Paid CFO | — | — | — | ($20.5m) | $0 | — | — | — | $0 | |
| Investing Cash Flow | — | — | — | — | ($16.6m) | ($45.7m) | ($154.4m) | ($91.7m) | ($220.4m) | |
| Net Intangibles Purchase And Sale | — | — | — | $0 | ($1.3m) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | ($6.5m) | ($36.3m) | ($142.6m) | ($77.6m) | ($205.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | $0 | ($200k) | ($400k) | $0 | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | ($3.0m) | ($3.0m) | ($3.0m) | $0 | $0 | |
| Operating Gains Losses | — | — | — | ($2.4m) | ($500k) | — | — | — | — | |
| Other Non Cash Items | — | — | — | — | $16.5m | $13.8m | $39.0m | $36.7m | — | |
| Preferred Stock Issuance | — | — | — | $126.5m | $0 | $0 | — | — | $0 | |
| Preferred Stock Payments | — | — | — | — | ($3.0m) | ($3.0m) | ($3.0m) | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | $1.3m | $0 | $100k | $300k | ($100k) | |
| Purchase Of Intangibles | — | — | — | $0 | ($1.3m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | ($47.7m) | ($76.0m) | ($197.8m) | ($147.4m) | ($274.7m) | |
| Purchase Of PPE | — | — | — | — | $0 | ($200k) | ($400k) | $0 | ($15.3m) | |
| Sale Of Investment | — | — | — | — | $41.2m | $39.7m | $55.2m | $69.8m | $69.6m | |
| Stock Based Compensation | — | — | — | — | $45.0m | $34.7m | $22.3m | $59.3m | $64.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | ($3.8m) | $0 | $0 | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.