---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-25-000047"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:21:46.870436+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Root Q3 net loss $5M on $17M warrant charge; revenue +27%, gross loss ratio 59%

## Summary
- 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).

## SEC filing metadata
- accession: 0001788882-25-000047
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888225000047/0001788882-25-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888225000047/root-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-25-000047
- JSON: https://secwatch.observer/filing/0001788882-25-000047.json
- Plain text: https://secwatch.observer/filing/0001788882-25-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.