{"filings":[{"id":95470,"accession_number":"0001788882-26-000046","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["1.01","1.02","2.02","2.03","7.01","9.01"],"status":"ready","headline":"Root Q1 net income $36M, record profitability; refinances debt, authorizes $75M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 net income of $36M (nearly doubled YoY); operating income $41M, adjusted EBITDA $57M.","Net combined ratio improved 4.2 pts to 91.4%; policies in force up 9% YoY to 200K+.","Refinanced $200M term loan at SOFR+3.25% (~225 bps reduction), saving ~$4.5M/year in interest.","Board authorized $75M share repurchase program; one-time Q2 charge of ~$4.8M for debt extinguishment.","Partnership new writings grew ~30% YoY; geographic expansion on track for NJ launch in 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":2.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":393500000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108576,"accession_number":"0001788882-26-000013","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root reports FY 2025 net income of $40M; revenue up 29% to $1.5B; announces Toyota data partnership","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2025 revenue $1.5B (+29% YoY); net income $40M (+$9M YoY); adjusted EBITDA $132M.","Q4 2025 gross premiums written $362M; gross premiums earned $377M; net income $5M.","Policies in force growth in Q4 more than doubled the pace of Q4 2024.","New data partnership with Toyota affiliate CAS: owners of connected Toyotas can share driving data for instant Root quote.","Latest pricing model increased estimated average customer LTV by 20%."],"consensus_eps_estimate":null,"consensus_eps_actual":2.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":1517100000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125020,"accession_number":"0001788882-25-000047","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q3 net loss $5M on $17M warrant charge; revenue +27%, gross loss ratio 59%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue grew 27% YoY; net earned premium +29%; independent agent new writings tripled.","Gross loss ratio of 59% (below 60-65% target); UBI model 10% more predictive.","Net loss of $5M (vs net income of $23M a year ago) includes $17M non-cash Carvana warrant expense.","Adjusted EBITDA $34M, down $8M YoY; unencumbered capital $309M; expanded to Washington (36 states)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":1120100000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141710,"accession_number":"0001788882-25-000030","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q2 net income $22M, revenue $371M (+21% YoY); gross combined ratio improves to 94%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $22M vs ($8M) YoY; adjusted EBITDA $38M, +$26M YoY.","Gross earned premium $371M, +21% YoY; policies in force 455,493, +12% YoY.","Gross combined ratio 94%, improved 6 pts; gross loss ratio 58%.","Partnership channel new writings nearly tripled YoY; new pricing model boosts customer lifetime values ~20%.","Expect Q3 non-cash warrant expense of $16-18M related to Carvana agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":2.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":732300000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159612,"accession_number":"0001788882-25-000010","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Root stockholders elect DeVard and Kramer as directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Jerri DeVard elected as Class II director with 29,029,141 votes for (1,556,216 against).","Nancy Kramer elected as Class II director with 29,973,381 votes for (614,214 against).","Ratification of Deloitte & Touche as independent auditor for 2025: 34,070,397 for, 75,296 against.","Advisory vote on named executive officer compensation approved: 28,243,200 for, 2,313,897 against.","All proposals passed; broker non-votes of 3,574,162 on director elections and say-on-pay."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159611,"accession_number":"0001628280-25-023144","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root Q1 2025 net income $18M, adjusted EBITDA $32M, gross premiums +24% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $18M, up $25M YoY; net combined ratio 96% (improved 6 points).","Gross premiums written +24% YoY; gross loss/LAE ratio improved 8 pts to 63%.","Adjusted EBITDA $32M, operating income $24M. Unencumbered capital $347M.","New partnerships with Hyundai Capital America and Experian; pending Michigan filing.","Q1 seasonally strong; company warns pace may not persist for rest of 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":349400000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177978,"accession_number":"0001628280-25-008125","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root reports first profitable year with FY 2024 net income of $31M; gross combined ratio 94.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2024 net income $31M (vs. loss $147M in 2023); adjusted EBITDA $112M.","Gross premiums written $1.3B (+66% YoY); policies in force up 21% to 414,862.","Gross combined ratio improved 22 pts to 94.7%; gross loss ratio 58.9%.","Q4 net income $22M (vs. loss $24M Q4 2023); adjusted EBITDA $43M.","Debt refinance in Oct 2024 expected to cut interest expense ~50% on run-rate basis."],"consensus_eps_estimate":null,"consensus_eps_actual":1.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":1176500000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194677,"accession_number":"0001628280-24-048094","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-11-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Root grants performance-based RSUs to executives tied to 2025 adjusted EBITDA and new writings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Alexander Timm granted 73,805 PSUs; CFO Megan Binkley 37,577; President/CTO Matt Bonakdarpour 66,207; CAO Jonathan Allison 35,790.","PSUs vest based on achievement of 2025 adjusted EBITDA and new policies written goals, with up to 200% payout.","After performance certification, 25% of earned units vest, with remaining 75% vesting annually over three years, subject to continued service.","In a Change in Control, performance period shortens and PSUs vest at greater of target or prorated actual achievement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194676,"accession_number":"0001628280-24-044306","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Root posts first-ever net income of $23M in Q3; refinances debt with BlackRock","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $23M vs loss of $46M YoY; adjusted EBITDA of $42M.","Gross premiums written up 48% to $332M; policies in force up 57% to 407,313.","Gross combined ratio improved 30 pts to 89.2%; net combined ratio improved 52 pts to 91.1%.","Refinanced term loan to $200M at SOFR+600bps (down 300bps+); expects ~50% lower interest.","Expects ~$5.5M Q4 charge from unamortized debt costs tied to loan extinguishment."],"consensus_eps_estimate":null,"consensus_eps_actual":0.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":849800000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210975,"accession_number":"0001628280-24-035599","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q2 2024 gross premiums earned $308M (+134% YoY); net loss improved 79% to $8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Policies-in-force nearly doubled to 406,283; gross premiums written rose 113% to $308M.","Net loss improved 79% to $8M; operating income of $4M, adjusted EBITDA $12M.","Gross accident period loss ratio improved 2 pts to 62.4%; gross combined ratio 99.9%.","Reinsurance cession rate cut 36 pts to 15%; unencumbered capital $447M; operating cash flow positive for 4th consecutive quarter.","Targeting near-term net income profitability; competition increased but data-science marketing optimization performed as designed."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":544100000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229452,"accession_number":"0001628280-24-027401","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Root stockholders elect three Class I directors, ratify Deloitte as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Beth Birnbaum elected with 38.7M votes for (0.7M against); Donna Dorsey 39.4M for; Julie Szudarek 39.0M for.","Ratification of Deloitte & Touche LLP as independent auditor for FY2024: 42.8M for, 12,208 against.","Advisory approval of named executive officer compensation: 38.3M for, 1.1M against, 3.3M broker non-votes.","Meeting held June 5, 2024; each director serves until 2027 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229451,"accession_number":"0001628280-24-025674","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-05-30T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Root corrects classification of $10.6M tax liability from expense to equity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approximately $10.6M in payroll tax withholding for RSU/PSU vesting will be recorded as Additional paid-in capital, not Operating expense.","Correction applies to Q2 2024 vesting and does not affect cash flows or total equity.","Prior guidance on Q1 2024 earnings call had indicated the amount would be an operating expense; now revised.","Classification change impacts Condensed Consolidated Balance Sheets and Statements of Equity.","No change to total net worth; purely a reclassification between equity and expense line items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229450,"accession_number":"0001628280-24-019342","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root achieves first operating income of $5M in Q1 2024; policies up 101%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Gross combined ratio improved 23 pts YoY to 99.7%; net combined ratio improved 59 pts to 102%.","Net loss improved 85% to $6M; positive adjusted EBITDA of $15M, up $26M YoY.","Policies-in-force grew 101% to 401,255; gross premiums written up 146% to $331M.","Direct channel new writings dipped late Q1 due to competition; partnership nearly doubled new writings YoY.","Unencumbered capital $483M; expects ~$10.6M cash expense from equity vesting in Q2 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":254900000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229449,"accession_number":"0001628280-24-016427","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Root appoints Ryan Forish as Chief Accounting Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ryan Forish, 41, appointed CAO effective April 15, 2024; will serve as principal accounting officer.","Forish previously VP of Accounting at Root since Dec 2023; prior roles at Kemper, Loop Mobility, Nationwide.","CFO Megan Binkley remains principal financial officer; no family or related-party transactions involved.","Forish will receive base salary, participate in annual short-term incentive, and be eligible for future equity awards determined by Compensation Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229448,"accession_number":"0001628280-24-014633","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Root files investor presentation; no specific financial details disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation furnished as Exhibit 99.1; titled 'Meet Root 2024 Company Overview'.","Presentation contains financial highlights and industry information; exact metrics not provided in filing.","No material events, earnings, guidance, or corporate changes announced in this 8-K.","Presentation available on company website; filing is a routine Regulation FD disclosure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248001,"accession_number":"0001628280-24-005899","cik":1788882,"company_name":"Root, Inc.","ticker":"ROOT","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Root Q4 net loss narrowed 59% to $24M; gross earned premiums up 50%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 operating loss $12M (improved 74% YoY); adjusted EBITDA loss $0.3M (improved 99% YoY).","Gross premiums earned $214M (+50% YoY); policies-in-force 341,764 (+55% YoY).","Gross accident period loss ratio 66%, 11-point improvement; net combined ratio 112% (68-point improvement).","Full-year net loss $147M (-50% YoY); unencumbered capital $507M, cash consumption $52M vs $179M in 2022.","Management states scale achieved; could achieve near-term profitability if marketing spend reduced."],"consensus_eps_estimate":null,"consensus_eps_actual":-10.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":455000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":844886813.5373961,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}