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Root, Inc. ROOT Payments to Develop Software

Payments to Develop Software at other companies

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Root, Inc. logo
Root, Inc.ROOT
$3.5M+75.0%

Other financials

Income statement

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Revenue$393.5M+12.6%
Operating income$40.9M+72.6%
Net income$35.9M+95.1%
EPS (diluted)$2.09+95.3%

Balance sheet

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Cash & equivalents$608.9M-0.3%
Total debt$200.3M+0.2%
Total equity$325.9M+42.5%
Total assets$1.7B+6.3%

Cash flow

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Operating cash flow$9.3M-65.3%
CapEx-—
Free cash flow$70.1M+1.3%

Valuation

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Market cap$840.38M-61.1%
Enterprise value$431.78M-75.6%
P/E14.5×-24.4×
P/S0.5×-1.2×

Profitability

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Operating margin5.1%-2.6pp
Net margin3.7%-0.7pp
FCF margin13.6%-3.0pp

Returns & leverage

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Return on equity20.8%-7.3pp
Debt / equity0.6×-0.3×

Where this comes from

Reported directly by Root, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

The official record: Root, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Root, Inc.'s payments to develop software?
Root, Inc. (ROOT) reported payments to develop software of $3.5M in Q1 2026.
How has Root, Inc.'s payments to develop software changed year-over-year?
Root, Inc.'s payments to develop software increased by 75.0% year-over-year, from $2M to $3.5M.
What is the long-term trend for Root, Inc.'s payments to develop software?
Over 4 years (2021 to 2025), Root, Inc.'s payments to develop software has grown at a 20.9% compound annual growth rate (CAGR), from $6.6M to $14.1M.
What does payments to develop software mean?
This represents the cash outflows capitalized for the internal development of software and technology platforms. It reflects the company's investment in its digital infrastructure and long-term competitive advantage.