Metromile, Inc. (MILE) financial statements (2022 and earlier)

Company profile

Business Address 425 MARKET STREET #700
SAN FRANCISCO, CA 1910494105
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,940331
Cash and cash equivalents120,940331
Prepaid expense 206
Total current assets:120,940537
Noncurrent Assets
Operating lease, right-of-use asset14,200 
Property, plant and equipment13,654 
Intangible assets, net (including goodwill)7,500 
Intangible assets, net (excluding goodwill)7,500 
Assets held-in-trust 230,007
Deferred costs25,866 
Total noncurrent assets:61,220230,007
Other undisclosed assets131,255 
TOTAL ASSETS:313,415230,544
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 liabilities127,027 
Total liabilities:127,02737,763
Temporary equity, carrying amount 230,000
Stockholders' equity
Stockholders' equity attributable to parent, including:186,388(37,219)
Common stock13 
Additional paid in capital769,525 
Accumulated other comprehensive loss(116) 
Accumulated deficit(583,034)(37,220)
Other undisclosed stockholders' equity attributable to parent 1
Total stockholders' equity:186,388(37,219)
TOTAL LIABILITIES AND EQUITY:313,415230,544

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
Revenues104,897 
Premiums earned, net75,601 
Other income29,179 
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(9,986) 
Gross profit:94,911 
Operating expenses(302,603)(9,800)
Other undisclosed operating income9,98610,378
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 taxes15,974(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 from discontinued operations(197,706) 
Loss before gain (loss) on sale of properties:(414,165)(15,517)
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)

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 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.

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