Root, Inc.
ROOT · Fire, Marine & Casualty Insurance · 44.4M shares · -19%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$17M (gross $200K, SBC $17M)
Reference price $55.96 · est. market cap ~$2.5B — last insider sale, 2026-05-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66Root — auto insurtech that has reached profitability.
Strengths
- ROE 14.2% (51st pct); revenue +29%; improving loss ratios
- Telematics-based pricing model
Risks
- Thin net margin (13th); leverage (D/E 0.7, 88th)
- Underwriting-scale and reinsurance-dependence risk
Notable findings
- Strong balance sheetStrong balance sheet — $669M cash & investments
- Buying back stockNet buyback — share count -19%/yr over 4y
- Insider sellingInsider selling — 11 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
4.1%
Net margin
2.7%
Return on equity
14.2%
Return on assets
2.4%
ROIC
10.1%
Revenue growth (QoQ)
-0.9%
Net-income growth
30.4%
Debt / equity
0.7×
Net debt / EBITDA
-6.4×
Free cash flow
$206M
EBITDA
$74M
Tangible book value
$284M
Cash & investments
$669M
Stock comp / revenue
2.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Forish Ryan | Tax withheld | 294 | $51.07 |
| 2026-06-15 | Forish Ryan | Tax withheld | 490 | $54.86 |
| 2026-06-03 | Ulman Doug | Grant | 2.9K | — |
| 2026-06-03 | Birnbaum Beth A | Grant | 2.9K | — |
| 2026-06-03 | Hilsheimer Lawrence A. | Grant | 2.9K | — |
| 2026-06-03 | KRAMER NANCY J | Grant | 2.9K | — |
| 2026-06-03 | DEVARD JERRI | Grant | 2.9K | — |
| 2026-06-03 | Dorsey Donna | Grant | 2.9K | — |
| 2026-06-03 | Szudarek Julie | Grant | 2.9K | — |
| 2026-05-21 | Forish Ryan | Tax withheld | 351 | $57.85 |
| 2026-05-15 | Allison Jonathan | Sell | 1.6K | $55.96 |
| 2026-05-12 | Allison Jonathan | Sell | 1.7K | $55.74 |
| 2026-05-01 | Forish Ryan | Tax withheld | 82 | $55.05 |
| 2026-04-07 | Allison Jonathan | Sell | 1.7K | $44.35 |
| 2026-04-02 | Allison Jonathan | Sell | 4.1K | $42.33 |
| 2026-04-01 | Bonakdarpour Mahtiyar | Option exercise | 43K | — |
| 2026-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 19K | $43.26 |
| 2026-04-01 | Binkley Megan | Option exercise | 4.8K | — |
| 2026-04-01 | Binkley Megan | Tax withheld | 2.1K | $43.26 |
| 2026-04-01 | Timm Alexander E. | Tax withheld | 15K | $43.26 |
| 2026-04-01 | Timm Alexander E. | Tax withheld | 3.5K | $43.26 |
| 2026-04-01 | Timm Alexander E. | Option exercise | 63K | — |
| 2026-04-01 | Timm Alexander E. | Tax withheld | 29K | $43.26 |
| 2026-04-01 | Binkley Megan | Tax withheld | 8.1K | $43.26 |
| 2026-04-01 | Allison Jonathan | Tax withheld | 8.1K | $43.26 |
| 2026-04-01 | Allison Jonathan | Option exercise | 6.4K | — |
| 2026-04-01 | Allison Jonathan | Tax withheld | 2.9K | $43.26 |
| 2026-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 1.6K | $43.26 |
| 2026-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 11K | $43.26 |
| 2026-03-20 | Allison Jonathan | Sell | 4.0K | $44.78 |
| 2026-03-20 | Forish Ryan | Tax withheld | 294 | $45.59 |
| 2026-03-17 | Allison Jonathan | Sell | 4.0K | $45.00 |
| 2026-03-16 | Forish Ryan | Tax withheld | 489 | $44.30 |
| 2026-03-12 | Allison Jonathan | Sell | 3.9K | $43.61 |
| 2026-03-11 | Forish Ryan | Grant | 6.6K | — |
| 2026-03-10 | Allison Jonathan | Sell | 3.9K | $44.97 |
| 2026-03-09 | Ulman Doug | Sell | 13K | $45.11 |
| 2026-03-09 | Ulman Doug | Conversion | 33K | — |
| 2026-03-09 | Ulman Doug | Tax withheld | 473 | $45.77 |
| 2026-03-05 | Allison Jonathan | Sell | 3.9K | $48.05 |
| 2026-03-03 | Allison Jonathan | Sell | 3.9K | $47.88 |
| 2026-02-19 | Allison Jonathan | Tax withheld | 1.3K | $61.59 |
| 2026-02-19 | Timm Alexander E. | Tax withheld | 11K | $61.59 |
| 2026-02-19 | Timm Alexander E. | Tax withheld | 4.0K | $61.59 |
| 2026-02-19 | Bonakdarpour Mahtiyar | Tax withheld | 9.6K | $61.59 |
| 2026-02-19 | Bonakdarpour Mahtiyar | Tax withheld | 2.6K | $61.59 |
| 2026-02-19 | Binkley Megan | Tax withheld | 4.4K | $61.59 |
| 2026-02-19 | Binkley Megan | Tax withheld | 1.6K | $61.59 |
| 2026-02-19 | Allison Jonathan | Tax withheld | 4.2K | $61.59 |
| 2026-02-18 | Binkley Megan | Grant | 58K | — |
| 2026-02-18 | Timm Alexander E. | Grant | 114K | — |
| 2026-02-18 | Timm Alexander E. | Grant | 8.7K | — |
| 2026-02-18 | Binkley Megan | Grant | 4.2K | — |
| 2026-02-18 | Bonakdarpour Mahtiyar | Grant | 102K | — |
| 2026-02-18 | Allison Jonathan | Grant | 3.8K | — |
| 2026-02-18 | Bonakdarpour Mahtiyar | Grant | 5.9K | — |
| 2026-02-18 | Allison Jonathan | Grant | 55K | — |
| 2026-01-02 | Bonakdarpour Mahtiyar | Tax withheld | 1.3K | $70.90 |
| 2025-12-22 | Forish Ryan | Tax withheld | 299 | $74.63 |
| 2025-12-15 | Forish Ryan | Tax withheld | 499 | $81.14 |
| 2025-12-10 | Bonakdarpour Mahtiyar | Sell | 5.8K | $83.00 |
| 2025-12-10 | Timm Alexander E. | Sell | 6.3K | $83.00 |
| 2025-12-01 | Ulman Doug | Gift | 2.5K | — |
| 2025-11-03 | Forish Ryan | Tax withheld | 83 | $80.79 |
| 2025-10-01 | Bonakdarpour Mahtiyar | Tax withheld | 1.7K | $88.04 |
| 2025-09-22 | Forish Ryan | Tax withheld | 1.2K | $102.88 |
| 2025-09-15 | Forish Ryan | Tax withheld | 499 | $100.20 |
| 2025-09-02 | Bonakdarpour Mahtiyar | Sell | 5.8K | $89.74 |
| 2025-09-02 | Timm Alexander E. | Sell | 406 | $87.89 |
| 2025-09-02 | Timm Alexander E. | Sell | 6.7K | $88.52 |
| 2025-09-02 | Timm Alexander E. | Sell | 2.7K | $89.43 |
| 2025-09-02 | Timm Alexander E. | Sell | 1.0K | $90.22 |
| 2025-07-01 | Bonakdarpour Mahtiyar | Tax withheld | 1.7K | $125.28 |
| 2025-06-16 | Allison Jonathan | Sell | 2.5K | $149.16 |
| 2025-06-16 | Forish Ryan | Tax withheld | 499 | $145.41 |
| 2025-06-11 | Szudarek Julie | Sell | 1.5K | $155.00 |
| 2025-06-05 | Birnbaum Beth A | Sell | 589 | $139.36 |
| 2025-06-05 | Birnbaum Beth A | Sell | 592 | $140.48 |
| 2025-06-05 | Birnbaum Beth A | Sell | 289 | $141.51 |
| 2025-06-05 | Birnbaum Beth A | Sell | 95 | $142.21 |
| 2025-06-05 | Szudarek Julie | Sell | 2.8K | $133.80 |
| 2025-06-05 | DEVARD JERRI | Sell | 1.9K | $141.50 |
| 2025-06-05 | Birnbaum Beth A | Sell | 99 | $132.84 |
| 2025-06-05 | Birnbaum Beth A | Sell | 341 | $133.50 |
| 2025-06-05 | Birnbaum Beth A | Sell | 51 | $134.68 |
| 2025-06-05 | Birnbaum Beth A | Sell | 129 | $135.53 |
| 2025-06-05 | Birnbaum Beth A | Sell | 158 | $136.18 |
| 2025-06-05 | Birnbaum Beth A | Sell | 128 | $137.55 |
| 2025-06-05 | Birnbaum Beth A | Sell | 381 | $138.34 |
| 2025-06-04 | KRAMER NANCY J | Grant | 1.1K | — |
| 2025-06-04 | DEVARD JERRI | Grant | 1.1K | — |
| 2025-06-04 | Szudarek Julie | Grant | 1.1K | — |
| 2025-06-04 | Birnbaum Beth A | Grant | 1.1K | — |
| 2025-06-04 | Dorsey Donna | Grant | 1.1K | — |
| 2025-06-04 | Ulman Doug | Grant | 1.1K | — |
| 2025-06-04 | Hilsheimer Lawrence A. | Grant | 1.1K | — |
| 2025-06-02 | Bonakdarpour Mahtiyar | Sell | 5.3K | $130.60 |
| 2025-06-02 | Timm Alexander E. | Sell | 2.9K | $130.60 |
| 2025-06-02 | Timm Alexander E. | Sell | 5.4K | $130.60 |
| 2025-05-21 | Olsen Christopher | Conversion | 1.4M | — |
| 2025-05-21 | Olsen Christopher | Other | 1.4M | — |
| 2025-05-21 | Olsen Christopher | Other | 340K | — |
| 2025-05-21 | DRIVE CAPITAL OVERDRIVE FUND I, L.P. | Conversion | 1.4M | — |
| 2025-05-21 | DRIVE CAPITAL OVERDRIVE FUND I, L.P. | Other | 1.4M | — |
| 2025-05-21 | DRIVE CAPITAL OVERDRIVE FUND I, L.P. | Other | 340K | — |
| 2025-05-21 | Olsen Christopher | Other | 6.9K | — |
| 2025-05-21 | KRAMER NANCY J | Other | 4.6K | — |
| 2025-05-21 | Forish Ryan | Grant | 1.6K | — |
| 2025-05-01 | Forish Ryan | Tax withheld | 166 | $136.63 |
| 2025-04-30 | Malka Meyer | Sell | 224K | $135.80 |
| 2025-04-30 | Malka Meyer | Sell | 297 | $137.16 |
| 2025-04-30 | Malka Meyer | Sell | 725 | $139.26 |
| 2025-04-28 | Malka Meyer | Conversion | 729K | — |
| 2025-04-04 | Hilsheimer Lawrence A. | Option exercise | 258 | $8.94 |
| 2025-04-04 | Hilsheimer Lawrence A. | Tax withheld | 22 | $110.38 |
| 2025-04-04 | Hilsheimer Lawrence A. | Option exercise | 258 | $21.42 |
| 2025-04-04 | Hilsheimer Lawrence A. | Tax withheld | 51 | $109.67 |
| 2025-04-02 | Timm Alexander E. | Sell | 7.4K | $124.78 |
| 2025-04-02 | Bonakdarpour Mahtiyar | Sell | 5.5K | $124.78 |
| 2025-04-01 | Timm Alexander E. | Sell | 1.1K | $134.01 |
| 2025-04-01 | Timm Alexander E. | Option exercise | 42K | — |
| 2025-04-01 | Timm Alexander E. | Tax withheld | 19K | $128.60 |
| 2025-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 1.7K | $128.60 |
| 2025-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 7.3K | $128.60 |
| 2025-04-01 | Bonakdarpour Mahtiyar | Option exercise | 29K | — |
| 2025-04-01 | Bonakdarpour Mahtiyar | Tax withheld | 13K | $128.60 |
| 2025-04-01 | Allison Jonathan | Tax withheld | 7.9K | $128.60 |
| 2025-04-01 | Allison Jonathan | Option exercise | 4.3K | — |
| 2025-04-01 | Allison Jonathan | Tax withheld | 1.9K | $128.60 |
| 2025-04-01 | Binkley Megan | Tax withheld | 8.2K | $128.60 |
| 2025-04-01 | Binkley Megan | Option exercise | 3.2K | — |
| 2025-04-01 | Timm Alexander E. | Tax withheld | 8.7K | $128.60 |
| 2025-04-01 | Binkley Megan | Tax withheld | 1.4K | $128.60 |
| 2025-04-01 | Timm Alexander E. | Tax withheld | 3.5K | $128.60 |
| 2025-03-24 | Ulman Doug | Conversion | 2.0K | — |
| 2025-03-24 | Ulman Doug | Sell | 2.0K | $175.00 |
| 2025-03-17 | Forish Ryan | Tax withheld | 499 | $152.34 |
| 2025-03-13 | Ulman Doug | Conversion | 4.0K | — |
| 2025-03-13 | Ulman Doug | Sell | 4.0K | $138.53 |
| 2025-03-10 | DEVARD JERRI | Option exercise | 258 | $8.94 |
| 2025-03-10 | DEVARD JERRI | Option exercise | 258 | $21.42 |
| 2025-02-18 | Allison Jonathan | Tax withheld | 15 | $128.33 |
| 2025-02-03 | Timm Alexander E. | Tax withheld | 580 | $106.20 |
| 2025-02-03 | Bonakdarpour Mahtiyar | Tax withheld | 45 | $106.20 |
| 2025-02-03 | Bonakdarpour Mahtiyar | Tax withheld | 164 | $106.20 |
| 2025-02-03 | Bonakdarpour Mahtiyar | Tax withheld | 55 | $106.20 |
| 2025-02-03 | Binkley Megan | Tax withheld | 33 | $106.20 |
| 2025-02-03 | Allison Jonathan | Tax withheld | 146 | $106.20 |
| 2025-02-03 | Allison Jonathan | Tax withheld | 216 | $106.20 |
| 2025-01-16 | Allison Jonathan | Tax withheld | 15 | $88.33 |
| 2025-01-02 | Bonakdarpour Mahtiyar | Tax withheld | 1.2K | $73.43 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | 5.03Shareholder voteExhibits | filing ↗ |
| 2026-05-06 | Material agreement1.02ResultsDebt obligationReg FDExhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-11-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-06 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-06 | Shareholder vote | filing ↗ |
| 2025-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2025-02-26 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-03 | 0001788882-26-000049 ↗ |
| 8-K | 2026-05-06 | 2026-05-04 | 0001788882-26-000046 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001788882-26-000047 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001788882-26-000014 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001788882-26-000013 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001788882-25-000047 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001788882-25-000048 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001788882-25-000031 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001788882-25-000030 ↗ |
| 8-K | 2025-06-06 | 2025-06-04 | 0001788882-25-000010 ↗ |
| 10-Q | 2025-05-07 | 2025-03-31 | 0001628280-25-023151 ↗ |
| 8-K | 2025-05-07 | 2025-05-07 | 0001628280-25-023144 ↗ |