For the quarter ending 2026-03-31, ROOT had -$81,000K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 35,900 | 5,300 | -5,400 | 40,400 |
| Share-based compensation | 11,000 | 13,700 | 11,600 | 14,800 |
| Warrant compensation expense | 1,900 | 2,000 | 17,200 | 0 |
| Depreciation and amortization | 3,100 | 3,100 | 4,700 | 4,000 |
| Bad debt expense | 9,800 | 9,600 | 9,300 | 17,800 |
| Reinsurance premiums payable | - | -9,600 | -3,800 | -17,000 |
| Loss on extinguishment of debt | - | 0 | - | - |
| Prepaid reinsurance premiums | - | -5,400 | -3,200 | -10,200 |
| Gain on lease modification | - | 0 | - | - |
| Net realized gains on investments | 100 | - | - | - |
| Premiums receivable | 27,800 | -10,100 | 20,500 | 53,800 |
| Reinsurance premiums receivable | -1,900 | - | - | - |
| Reinsurance recoverable | -5,800 | -12,500 | -3,200 | -5,100 |
| Deferred policy acquisition costs | 2,100 | - | - | - |
| Other assets | -1,100 | 4,300 | -400 | 10,700 |
| Losses and loss adjustment expenses reserves | -10,900 | 20,700 | 18,400 | 31,300 |
| Unearned premiums | 18,700 | -15,600 | 14,100 | 41,300 |
| Premiums payable | -1,600 | - | - | - |
| Accounts payable and accrued expenses | -31,000 | 15,400 | 6,300 | -19,000 |
| Other liabilities | -6,400 | 1,800 | -1,100 | 14,400 |
| Purchases of fixed assets | - | 0 | 0 | 0 |
| Net cash provided by operating activities | 9,300 | 70,100 | 57,600 | 78,800 |
| Purchases of investments | 100,100 | 44,200 | 57,300 | 45,900 |
| Proceeds from maturities, calls and pay downs of investments | 12,300 | 14,200 | 19,400 | 34,200 |
| Sales of investments | 4,700 | 1,700 | 200 | 100 |
| Capitalization of internally developed software | 3,500 | 4,200 | 3,900 | 6,000 |
| Net cash used in investing activities | -86,600 | -32,500 | -41,600 | -17,600 |
| Proceeds from exercise of stock options and restricted stock units | 0 | 0 | -100 | 400 |
| Taxes paid related to net share settlement of equity awards | 3,700 | 2,100 | 4,000 | 19,400 |
| Payment of preferred stock and related warrants issuance costs | - | 0 | 0 | 0 |
| Proceeds from issuance of debt and related warrants, net of issuance costs | - | 0 | - | - |
| Repayments of long-term debt | - | 0 | - | - |
| Net cash used in financing activities | -3,700 | -2,100 | -4,100 | -19,000 |
| Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | -81,000 | 35,500 | 11,900 | 42,200 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 689,900 | 654,400 | 600,300 | - |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 608,900 | 689,900 | 654,400 | - |