secwatch / observer
8-K filed May 6, 2026, 7:59 PM ET ticker ROOT CIK 0001788882
earnings confidence high sentiment positive materiality 0.80

Root Q1 net income $36M, record profitability; refinances debt, authorizes $75M buyback

Root, Inc.

2026-Q1 EPS reported $2.09 revenue$393,500,000
item 1.01item 1.02item 2.02item 2.03item 7.01item 9.01

Machine-readable event card

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Root, Inc.
filed_at
2026-05-06T23:59:59+00:00
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JSON Markdown Plain text

Source-grounded claims

a3a28e42a003a4c9a873e94bd79127b0b2e6ede2

Root, Inc. incurred term loan of $200.0 million with The Huntington National Bank at ABR (as defined in the Credit Agreement) or Term SOFR (as defined in the Credit maturing May 4, 2029.

On May 4, 2026, Root, Inc. (the “Company”) entered into that certain Credit Agreement (the “Credit Agreement”), by and among the Company, Caret Holdings, Inc., as borrower (the “Borrower”), the lenders from time to time party thereto and The Huntington National Bank, as the administrative agent. The Credit Agreement provides for a senior secured term loan of $200.0 million, the entire amount of which was funded on May 4, 2026.

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

c2b8085612ff018345d20e19baa77e921d78a0fc

Root, Inc. reported the quarter ended March 31, 2026 results: net income $36 million.

This is reflected in our results: • Delivered record profitability , nearly doubling net income year-over-year to $36 million

SEC 8-K Item 2.02 confidence 0.9 SEC evidence

369134cb8992dd983a6b150191ff6870b5a61024

Root, Inc. terminated Existing Credit Agreement with Acquiom Agency Services, LLC, as administrative agent (effective 2026-05-04).

Concurrently with the Closing of the Credit Agreement, the Company prepaid all of the outstanding term loans under its term loan agreement, dated as of January 26, 2022 (as amended, the “Existing Credit Agreement”), by and among the Company, Holdings, the other loan parties party thereto, the lenders party thereto and Acquiom Agency Services, LLC, as administrative agent.

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

eaea023e85fc9de0d313a253fb448a82e6635ebe

Root, Inc. entered into Credit Agreement with The Huntington National Bank, as the administrative agent valued at $200.0 million (effective 2026-05-04).

On May 4, 2026, Root, Inc. (the “Company”) entered into that certain Credit Agreement (the “Credit Agreement”), by and among the Company, Caret Holdings, Inc., as borrower (the “Borrower”), the lenders from time to time party thereto and The Huntington National Bank, as the administrative agent.

SEC 8-K Item 1.01/1.02 confidence 0.96 SEC evidence

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Filing page SEC filing

Source: SEC EDGAR
accession 0001788882-26-000046
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