Root, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
ROOT$43.82+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows - Unaudited
| ROOT, INC. AND SUBSIDIARIES | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED | ||
| Six Months Ended June 30, | ||
| 2025 | 2024 | |
| (in millions) | ||
| Cash flows from operating activities: | ||
| Net income (loss) | $40.4 | $(14.0) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Share-based compensation | 14.8 | 8.4 |
| Warrant compensation expense | — | 3.8 |
| Depreciation and amortization | 4.0 | 6.9 |
| Bad debt expense | 17.8 | 13.9 |
| Changes in operating assets and liabilities: | ||
| Premiums receivable | (53.8) | (62.8) |
| Reinsurance recoverable and receivable | 5.1 | (31.5) |
| Prepaid reinsurance premiums | 10.2 | (0.2) |
| Other assets | (10.7) | (11.3) |
| Losses and loss adjustment expenses reserves | 31.3 | 91.6 |
| Unearned premiums | 41.3 | 56.0 |
| Reinsurance premiums payable | (17.0) | 1.2 |
| Accounts payable and accrued expenses | (19.0) | (11.0) |
| Other liabilities | 14.4 | 26.1 |
| Net cash provided by operating activities | 78.8 | 77.1 |
| Cash flows from investing activities: | ||
| Purchases of investments | (45.9) | (95.5) |
| Proceeds from maturities, calls and pay downs of investments | 34.2 | 26.2 |
| Sales of investments | 0.1 | — |
| Capitalization of internally developed software | (6.0) | (4.6) |
| Purchases of fixed assets | — | (0.4) |
| Net cash used in investing activities | (17.6) | (74.3) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options and restricted stock units | 0.4 | — |
| Taxes paid related to net share settlement of equity awards | (19.4) | (11.3) |
| Payment of preferred stock and related warrants issuance costs | — | (3.0) |
| Net cash used in financing activities | (19.0) | (14.3) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 42.2 | (11.5) |
| Cash, cash equivalents and restricted cash at beginning of period | 600.3 | 679.7 |
| Cash, cash equivalents and restricted cash at end of period | $642.5 | $668.2 |
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