Equity has expanded to $325.9 million as of 2026Q1, reflecting a disciplined capital structure where total assets of $1.7 billion continue to outpace total liabilities of $1.2 billion.
| Total Assets | 1.68B | 1.54B | 1.32B | 1.17B | 1.09B | 1.06B | 1.52B | 685.9M | 187.1M |
| Asset Growth % | 56.06% | 16.55% | 12.42% | 7.73% | 2.48% | -30.25% | 122.29% | 266.6% | - |
| Total Investment Assets | 4M | 391.4M | 311.2M | 171.2M | 133.2M | 134.6M | 224.5M | 122.8M | 20.2M |
| Long-Term Investments | 1.08B | 391.4M | 311.2M | 171.2M | 133.2M | 134.6M | 224.5M | 122.8M | 20.2M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 959.7M | 1.02B | 905.6M | 926.8M | 875M | 855.1M | 1.24B | 539.3M | 157.3M |
| Cash & Equivalents | 608.9M | 689.9M | 600.3M | 679.7M | 763.1M | 707M | 1.11B | 416.6M | 122.3M |
| Receivables | 1.38B | 332.8M | 305.3M | 247.1M | 111.9M | 148.1M | 130.1M | 122.7M | 35M |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 27.6M | 27.6M | 22M | 19.2M | 16.3M | 8.9M | 8.9M | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 27.6M | 22M | 19.2M | 16.3M | 8.9M | 8.9M | 0 | 0 |
| PP&E (Net) | 0 | 3.2M | 4.4M | 6.3M | 9.8M | 5.1M | 0 | 10.2M | 3.8M |
| Other Assets | 0 | 93.5M | 76.8M | 50.7M | 55.6M | 59.8M | 47.4M | 13.6M | 5.8M |
| Total Liabilities | 1.25B | 1.14B | 1B | 896.5M | 700.8M | 415.1M | 492.3M | 499.5M | 100.2M |
| Total Debt | 200.3M | 201.3M | 202.3M | 299.3M | 298.6M | 14.1M | 178M | 191.3M | 14.9M |
| Net Debt | -408.6M | -488.6M | -398M | -380.4M | -464.5M | -692.9M | -935.8M | -225.3M | -107.4M |
| Long-Term Debt | 200.3M | 197M | 196.3M | 291.1M | 288.1M | 0 | 78.5M | 91.8M | 14.9M |
| Short-Term Debt | 0 | 2.3M | 2.2M | 3M | 3.2M | 4.3M | 99.5M | 99.5M | 0 |
| Total Current Liabilities | 0 | 389.7M | 331M | 238.5M | 65.5M | 83.6M | 143.8M | 227.5M | 34.5M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 387.4M | 328.8M | 235.5M | 62.3M | 79.3M | 44.3M | 128M | 34.5M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 553.4M | 473.2M | 361.7M | 339.9M | 321.7M | 270M | 180.2M | 50.8M |
| Total Equity | 325.9M | 396.3M | 315.7M | 277.7M | 389.1M | 648.4M | 1.03B | 186.4M | 86.9M |
| Equity Growth % | 84.86% | 25.53% | 13.68% | -28.63% | -39.99% | -37.19% | 453.86% | 114.5% | - |
| Shareholders Equity | 325.9M | 396.3M | 315.7M | 277.7M | 389.1M | 648.4M | 1.03B | 186.4M | 86.9M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | -1.64B | -1.68B | -1.72B | -1.57B | -1.27B | -748M | -385M | -102.6M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 400K | 3.9M | -2.3M | -2.5M | -5.8M | 400K | 5.6M | 600K | 0 |
| Return on Equity (ROE) | 15.88% | 11.32% | 10.41% | -44.21% | -57.39% | -62.01% | -59.57% | -206.66% | -79.52% |
| Return on Assets (ROA) | 3.77% | 2.82% | 2.48% | -13.02% | -27.65% | -40.27% | -32.84% | -64.7% | -36.93% |
| Equity / Assets | 19.34% | 25.76% | 23.92% | 23.65% | 35.7% | 60.97% | 67.71% | 27.18% | 46.45% |
| Debt / Equity | 0.61x | 0.51x | 0.64x | 1.08x | 0.77x | 0.02x | 0.17x | 1.03x | 0.17x |
| Book Value per Share | 18.95 | 23.04 | 18.68 | 19.28 | 27.60 | 46.83 | 74.38 | 13.24 | 49.03 |
| Tangible BV per Share | 18.95 | 21.44 | 17.38 | 17.95 | 26.44 | 46.19 | 73.74 | 13.24 | 49.03 |
Embedded partner channel concentration
As reported in recent financial statements, Root's equity has expanded from $277.7 million in 2023Q4 to $325.9 million by 2026Q1, suggesting that the company is successfully retaining earnings to bolster its balance sheet against the volatility inherent in its growing personal auto insurance risk pool.
The steady growth in equity indicates a transition toward self-funded capital generation, moving away from the dilutive equity raises that characterized earlier periods. This trajectory suggests that the company's underwriting improvements are finally translating into tangible balance sheet strength, providing a larger buffer for future claims volatility.
Based on the provided balance sheet data, claims and loss reserves have increased from $148.1 million in 2023Q4 to $226.2 million in 2026Q1, which appears to be a direct consequence of the company's rapid expansion in gross written premiums through its embedded distribution partnerships.
The rise in reserves is a natural outcome of a growing book of business, yet investors should monitor whether this growth keeps pace with the underlying severity of claims. If reserve development remains stable, it may imply that the company's actuarial models are effectively capturing the risk profile of its newer, partner-sourced policyholders.
According to quarterly filings, total assets have grown to $1.7 billion as of 2026Q1, while total liabilities reached $1.2 billion, indicating that the company is maintaining a disciplined leverage profile as it scales its operations within the competitive property and casualty insurance landscape.
The widening gap between total assets and liabilities suggests an improving solvency position, which is critical for an insurer relying on third-party reinsurance. This capitalization trend may indicate that Root is building the necessary financial foundation to support long-term growth without requiring immediate external capital injections.
As evidenced by the company's reliance on embedded distribution, the balance sheet remains sensitive to partner-specific disruptions, as any sudden contraction in the Carvana-led growth engine could force a rapid reassessment of the company's capital requirements and its ability to sustain current underwriting volume.
While the balance sheet currently appears healthy, the concentration of risk in a single distribution channel warrants caution regarding the stability of future premium inflows. Investors should consider that a failure in this partnership model could lead to a rapid deterioration of the company's liquidity position if claims payments continue to rise.
Quick answers to the most common questions about buying ROOT stock.
As of 2025, Root, Inc. (ROOT) had total assets of $1.54B including $1.02B in current assets.
Root, Inc. (ROOT) carries total debt of $201.3M, offset by $689.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Root, Inc. (ROOT) has total shareholders' equity (book value) of $396.3M ($23.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Root, Inc. (ROOT) reported a current ratio of 2.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.