Metromile, Inc. (MILE) Financial Statements (2025 and earlier)
Company Profile
Business Address |
425 MARKET STREET #700 SAN FRANCISCO, CA 1910494105 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
3/31/2022 MRQ | 12/31/2021 | 12/31/2020 | |||
---|---|---|---|---|---|
ASSETS | |||||
Current Assets | |||||
Cash, cash equivalents, and short-term investments | 120,940 | 331 | |||
Cash and cash equivalents | 120,940 | 331 | |||
Prepaid expense | 206 | ||||
Total current assets: | 120,940 | 537 | |||
Noncurrent Assets | |||||
Operating lease, right-of-use asset | 14,200 | ||||
Property, plant and equipment | 13,654 | ||||
Intangible assets, net (including goodwill) | 7,500 | ||||
Intangible assets, net (excluding goodwill) | 7,500 | ||||
Asset, held-in-trust | 230,007 | ||||
Deferred costs | 25,866 | ||||
Total noncurrent assets: | 61,220 | 230,007 | |||
Other undisclosed assets | 131,255 | ||||
TOTAL ASSETS: | 313,415 | 230,544 | |||
LIABILITIES AND EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Accounts payable and accrued liabilities, including: | 125 | ||||
Other undisclosed accounts payable and accrued liabilities | 125 | ||||
Total current liabilities: | 125 | ||||
Noncurrent Liabilities | |||||
Other undisclosed noncurrent liabilities | 37,638 | ||||
Total noncurrent liabilities: | 37,638 | ||||
Other undisclosed liabilities | 127,027 | ||||
Total liabilities: | 127,027 | 37,763 | |||
Temporary equity, carrying amount | 230,000 | ||||
Equity | |||||
Equity, attributable to parent, including: | 186,388 | (37,219) | |||
Common stock | 13 | ||||
Additional paid in capital | 769,525 | ||||
Accumulated other comprehensive loss | (116) | ||||
Accumulated deficit | (583,034) | (37,220) | |||
Other undisclosed equity, attributable to parent | 1 | ||||
Total equity: | 186,388 | (37,219) | |||
TOTAL LIABILITIES AND EQUITY: | 313,415 | 230,544 |
Income Statement (P&L) ($ in thousands)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|
Revenues | 104,897 | |||
Premiums earned, net | 75,601 | |||
Other income | 29,179 | |||
Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (9,986) | |||
Gross profit: | 94,911 | |||
Operating expenses | (302,603) | (9,800) | ||
Other undisclosed operating income | 9,986 | 10,378 | ||
Operating income (loss): | (197,706) | 578 | ||
Nonoperating income (expense) | (18,753) | 15,059 | ||
Other nonoperating income | 15,059 | |||
Interest and debt expense | (15,974) | |||
Income (loss) from continuing operations before equity method investments, income taxes: | (232,433) | 15,637 | ||
Other undisclosed income (loss) from continuing operations before income taxes | 15,974 | (31,274) | ||
Loss from continuing operations before income taxes: | (216,459) | (15,637) | ||
Income tax benefit | 120 | |||
Loss from continuing operations: | (216,459) | (15,517) | ||
Loss before gain (loss) on sale of properties: | ✕ | (414,165) | (15,517) | |
Loss from discontinued operations | (197,706) | |||
Other undisclosed net income (loss) | 197,706 | (122) | ||
Net loss: | (216,459) | (15,639) | ||
Other undisclosed net income attributable to parent | 2 | |||
Net loss available to common stockholders, diluted: | (216,459) | (15,637) |
Comprehensive Income ($ in thousands)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|
Net loss: | (216,459) | (15,639) | ||
Comprehensive loss: | (216,459) | (15,639) | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (127) | |||
Comprehensive loss, net of tax, attributable to parent: | (216,586) | (15,639) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.