ROOT on Nasdaq

Root, Inc.

Root is a technology insurance company founded on the idea that car insurance rates should be based primarily on driving behaviors, not demographics.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

$1.5BRevenue, fiscal 20252
$40.3MNet income, fiscal 20252

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  • TickerROOT on Nasdaq1
  • IndustryFire, Marine & Casualty Insurance1
  • HeadquartersColumbus, Ohio1
  • Incorporated inDE3
  • Business address80 E Rich Street, Suite 500, Columbus, Oh 432153
  • Filer categoryLarge accelerated filer3

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Root is a technology insurance company founded on the idea that car insurance rates should be based primarily on driving behaviors, not demographics. We are revolutionizing the archaic car insurance industry by using modern technology, data science, and telematics to offer fair, personalized rates to good drivers. We primarily reach customers through two channels: our direct channel, where we target consumers with what we believe to be a great insurance product at a great price, and through our partnership channel, where we meet consumers at contextually relevant times, such as during the car purchasing experience or through independent insurance agents.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.1%Operating margin2
2.7%Net margin2
29.0%Revenue growth, 20252
14.2%Return on equity2
0.70×Debt to equity2
$206.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs97¢$1.5B
  • Income tax0¢$500.0K
  • Profit3¢$40.3M

Out of $1.5B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$206.5M

Out of $206.5M of cash from operations.2

Financial statements

Revenue567892$1.5B in 2025+3404% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $43.3M$43.3M20182019: $290.2M$290.2M2019+570%2020: $346.8M$346.8M2020+20%2021: $345.4M$345.4M2021−0%2022: $310.8M$310.8M2022−10%2023: $455.0M$455.0M2023+46%2024: $1.2B$1.2B2024+159%2025: $1.5B$1.5B2025+29%
Operating income67892$61.8M in 2025
-$600.0M-$400.0M-$200.0M0$200.0M2019: -$260.1M-$260.1M20192020: -$285.3M-$285.3M2020+10%2021: -$485.2M-$485.2M2021+70%2022: -$263.1M-$263.1M2022−46%2023: -$101.3M-$101.3M2023−61%2024: $78.5M$78.5M20242025: $61.8M$61.8M2025−21%
Net income567892$40.3M in 2025
-$600.0M-$400.0M-$200.0M0$200.0M2018: -$69.1M-$69.1M20182019: -$282.4M-$282.4M2019+309%2020: -$363.0M-$363.0M2020+29%2021: -$521.1M-$521.1M2021+44%2022: -$297.7M-$297.7M2022−43%2023: -$147.4M-$147.4M2023−50%2024: $30.9M$30.9M20242025: $40.3M$40.3M2025+30%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net premiums earned$1.4B$1.1B$399.9M
Net investment income$33.7M$35.9M$30.2M
Fee income$78.3M$66.0M$23.4M
Other income$3.4M$3.7M$1.5M
Total revenues$1.5B$1.2B$455.0M
Loss and loss adjustment expenses$924.2M$733.0M$331.3M
Sales and marketing$174.8M$135.8M$49.3M
Other insurance expense$206.3M$106.4M$47.6M
Technology and development$53.1M$53.3M$44.8M
General and administrative$96.9M$69.5M$83.3M
Total operating expenses$1.5B$1.1B$556.3M
Operating income (loss)$61.8M$78.5M-$101.3M
Interest expense$21.0M$42.2M$46.1M
Loss on extinguishment of debt$0$5.4M$0
Income (loss) before income tax expense$40.8M$30.9M-$147.4M
Income tax expense$500.0K$0$0
Net income (loss)$40.3M$30.9M-$147.4M
Net income attributable to participating securities$2.0M$1.7M$0
Net income (loss) attributable to common shareholders$38.3M$29.2M-$147.4M
Changes in net unrealized gains on investments$6.2M$200.0K$3.3M
Comprehensive income (loss)$46.5M$31.1M-$144.1M
Basic (in dollars per share)$2.49$1.96-$10.24
Diluted (in dollars per share)$2.36$1.83-$10.24
Basic (in shares)15.4M shares14.9M shares14.4M shares
Diluted (in shares)17.1M shares16.9M shares14.4M shares

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Leadership

Who has led Root, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alexander E. Timm2020–now

President

  1. Mahtiyar Bonakdarpour2024–now

Chief financial officer

  1. Daniel H. Rosenthal2020–2022
  2. Robert H. Bateman2022
  3. Megan Binkley2023–now

Chief operating officer

  1. Daniel H. Rosenthal2022
2025
Board members and other officers (20)

Former names

  • Root Stockholdings, Inc.Sep 20, 2019 to Sep 17, 20203

Timeline

  1. Oct 27, 2020New chief executive Alexander E. Timm becomes CEO14

Filings

451 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 49 major events, 261 insider forms, 55 large holders, 66 other. The latest 20:

  1. Sep 22, 20264 EDGAR
  2. Sep 17, 20264 EDGAR
  3. Sep 2, 20264 EDGAR
  4. Sep 2, 2026SCHEDULE 13D/A EDGAR
  5. Sep 1, 20268-K EDGAR
  6. Aug 24, 20264 EDGAR
  7. Aug 24, 20264 EDGAR
  8. Aug 5, 202610-Q EDGAR
  9. Aug 5, 20268-K EDGAR
  10. Jul 29, 2026SCHEDULE 13G/A EDGAR
  11. Jun 23, 20264 EDGAR
  12. Jun 16, 20264 EDGAR
  13. Jun 8, 2026S-8 EDGAR
  14. Jun 8, 20268-K EDGAR
  15. Jun 4, 20264 EDGAR
  16. Jun 4, 20264 EDGAR
  17. Jun 4, 20264 EDGAR
  18. Jun 4, 20264 EDGAR
  19. Jun 4, 20264 EDGAR
  20. Jun 4, 20264 EDGAR

The 451 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

53 open-market trades by officers, directors and large owners since October 2021: 7 buys and 46 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 15, 2026Allison JonathanChief Administrative OfficerSale1,606$55.96$89.9KForm 4
May 12, 2026Allison JonathanChief Administrative OfficerSale1,706$55.74$95.1KForm 4
Apr 7, 2026Allison JonathanChief Administrative OfficerSale1,706$44.35$75.7KForm 4
Apr 2, 2026Allison JonathanChief Administrative OfficerSale4,112$42.33$174.1KForm 4
Mar 20, 2026Allison JonathanChief Administrative OfficerSale3,990$44.78$178.7KForm 4
Mar 17, 2026Allison JonathanChief Administrative OfficerSale3,990$45.00$179.6KForm 4
Mar 12, 2026Allison JonathanChief Administrative OfficerSale3,900$43.61$170.1KForm 4
Mar 10, 2026Allison JonathanChief Administrative OfficerSale3,900$44.97$175.4KForm 4
Mar 9, 2026Ulman DougDirectorSale13,152$45.11$593.3KForm 4
Mar 5, 2026Allison JonathanChief Administrative OfficerSale3,900$48.05$187.4KForm 4
Mar 3, 2026Allison JonathanChief Administrative OfficerSale3,900$47.88$186.7KForm 4
Dec 10, 2025Bonakdarpour MahtiyarPresident and CTOSale5,750$83.00$477.2KForm 4
Dec 10, 2025Timm Alexander E.Chief Executive OfficerSale6,336$83.00$525.9KForm 4
Sep 2, 2025Bonakdarpour MahtiyarPresident and CTOSale5,750$89.74$516.0KForm 4
Sep 2, 2025Timm Alexander E.Chief Executive OfficerSale10,861$88.88$965.4KForm 4
Jun 16, 2025Allison JonathanChief Administrative OfficerSale2,500$149.16$372.9KForm 4
Jun 11, 2025Szudarek JulieDirectorSale1,500$155.00$232.5KForm 4
Jun 5, 2025DEVARD JERRIDirectorSale1,895$141.50$268.1KForm 4
Jun 5, 2025Szudarek JulieDirectorSale2,790$133.80$373.3KForm 4
Jun 5, 2025Birnbaum Beth ADirectorSale2,852$138.33$394.5KForm 4

All 53 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ribbit Management Company, LLC1,232,607$68.9M3.4%No change
BlackRock, Inc.1,149,263$64.3M0.0%+98,936
Vanguard Capital Management LLC528,317$29.5M0.0%+11,685
Findell Capital Management LLC460,000$25.7M4.2%+85,000
Geode Capital Management, LLC345,379$19.3M0.0%+25,851
State Street Corp290,772$16.3M0.0%+24,833
Galileo (PTC) Ltd252,669$14.1M1.3%No change
Renaissance Technologies LLC245,281$13.7M0.0%+6,500
Boothbay Fund Management, LLC203,234$11.4M0.2%+64,238
Quinn Opportunity Partners LLC171,176$9.6M0.4%+100,837
Tairen Capital Ltd160,798$9.0M0.8%No change
Dragoneer Investment Group, LLC154,320$8.6M0.3%No change
Morgan Stanley148,225$8.3M0.0%+7,148
Goldman Sachs Group Inc144,306$8.1M0.0%−5,011
Northern Trust Corp120,334$6.7M0.0%+10,926
Charles Schwab Investment Management Inc109,270$6.1M0.0%+1,577
Vanguard Portfolio Management LLC106,983$6.0M0.0%+16,067
Bank Of America Corp /de/105,524$5.9M0.0%−22,057
Vanguard Fiduciary Trust Co97,201$5.4M0.0%+6,013
Jane Street Group, LLC89,493$5.0M0.0%New
Bnp Paribas Financial Markets87,818$4.9M0.0%−10,441
Citadel Advisors LLC87,598$4.9M0.0%+68,149
Dimensional Fund Advisors LP87,223$4.9M0.0%−63,241
UBS Group AG82,826$4.6M0.0%+24,671
Tudor Investment Corp Et Al79,805$4.5M0.0%+41,901

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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