Root, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
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 | ||
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| (in millions) | ||
| Cash flows from operating activities: | ||
| Net income | $75.7 | $35.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Share-based compensation | 24.9 | 26.4 |
| Warrant compensation expense | 5.4 | 17.2 |
| Depreciation and amortization | 10.4 | 8.7 |
| Bad debt expense | 29.7 | 27.1 |
| Loss on extinguishment of debt | 4.9 | — |
| Net realized losses on investments | 0.4 | — |
| Change in fair value of equity securities | 4.4 | — |
| Changes in operating assets and liabilities: | ||
| Premiums receivable | (25.5) | (74.3) |
| Reinsurance premiums receivable | 13.3 | (14.3) |
| Reinsurance recoverable | 12.2 | 22.6 |
| Deferred policy acquisition costs | (3.9) | (12.2) |
| Other assets | 9.9 | 15.3 |
| Losses and loss adjustment expenses reserves | 9.5 | 49.7 |
| Unearned premiums | (8.2) | 55.4 |
| Premiums payable | (13.1) | 13.6 |
| Accounts payable and accrued expenses | (27.8) | (12.7) |
| Other liabilities | (8.1) | (21.1) |
| Net cash provided by operating activities | 114.1 | 136.4 |
| Cash flows from investing activities: | ||
| Purchases of investments | (196.5) | (103.2) |
| Proceeds from maturities, calls and pay downs of investments | 46.0 | 53.6 |
| Sales of investments | 82.1 | 0.3 |
| Capitalization of internally developed software | (10.5) | (9.9) |
| Purchases of fixed assets | (1.1) | — |
| Net cash used in investing activities | (80.0) | (59.2) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options and restricted stock units | — | 0.3 |
| Taxes paid related to net share settlement of equity awards | (11.3) | (23.4) |
| Repurchase and retirement of common stock | (36.2) | — |
| Proceeds from issuance of debt, net of issuance costs | 197.7 | — |
| Repayments of long-term debt | (202.6) | — |
| Net cash used in financing activities | (52.4) | (23.1) |
| Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | (18.3) | 54.1 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 689.9 | 600.3 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | $671.6 | $654.4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.