Root Inc (ROOT)

Name: Root Inc Financial Statements
Creator: Quarter Results

Financial Services | Insurance Property Casualty

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$9.4M

Net Income

$18.4M

Operating Margin

195.7%

Free Cash Flow

$184M

Debt / Assets

86.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Root Inc (ROOT).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	9,400,000	326,700,000	305,700,000	289,200,000
Cost of Revenue	5,300,000	7,400,000	0	0
Gross Profit	4,100,000	326,700,000	305,700,000	289,200,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	72,000,000	54,000,000	51,500,000	52,300,000
Operating Expenses	-14,300,000	291,800,000	271,300,000	67,000,000
Operating Income	18,400,000	34,900,000	34,400,000	3,800,000
Interest Expense	5,300,000	7,400,000	11,600,000	11,600,000
Income Before Tax	18,400,000	22,100,000	22,800,000	-7,800,000
Income Tax Expense	0	0	0	-11,600,000
Net Income	18,400,000	22,100,000	21,700,000	-7,800,000
Per Share
EPS	1.15	1.38	1.52	-0.52
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Root Inc (ROOT).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	1,176,500,000	455,000,000	310,800,000	345,400,000	346,800,000
Cost of Revenue	42,200,000	0	0	0	0
Gross Profit	1,176,500,000	455,000,000	310,800,000	0	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	205,300,000	132,600,000	175,400,000	433,300,000	271,100,000
Operating Expenses	1,098,000,000	455,000,000	573,900,000	0	0
Operating Income	78,500,000	-101,300,000	-263,100,000	-485,200,000	0
Interest Expense	42,200,000	46,100,000	34,600,000	20,000,000	77,700,000
Income Before Tax	30,900,000	-147,400,000	-297,700,000	-521,100,000	-363,000,000
Income Tax Expense	0	0	-303,900,000	0	0
Net Income	30,900,000	-147,400,000	6,200,000	-521,100,000	-363,000,000
Per Share
EPS	2.05	-10.24	0.44	-37.49	-86.54
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Root Inc (ROOT).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	599,300,000	678,700,000	762,100,000	706,000,000
Short Term Investments	306,800,000	26,300,000	128,800,000	129,900,000
Net Receivables	0	372,400,000	260,700,000	303,100,000
Inventory	0	-926,700,000	-1,179,300,000	0
Total Current Assets	0	678,700,000	874,400,000	858,800,000
Property Plant Equipment	0	6,300,000	5,500,000	10,300,000
Goodwill and Intangibles	0	19,200,000	26,500,000	0
Total Assets	1,495,700,000	1,347,700,000	1,312,900,000	1,319,300,000
Liabilities
Account Payables	103,900,000	120,000,000	159,500,000	130,700,000
Short Term Debt	0	3,000,000	3,200,000	0
Total Current Liabilities	301,400,000	224,200,000	39,700,000	0
Long Term Debt	196,300,000	291,100,000	295,400,000	0
Total Liabilities	1,292,000,000	1,070,000,000	1,035,800,000	782,900,000
Shareholders Equity
Retained Earnings	0	-1,715,200,000	-1,567,800,000	-1,270,100,000
Total Shareholders Equity	203,700,000	277,700,000	277,100,000	536,400,000

Balance sheet annual history for Root Inc (ROOT).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	599,300,000	678,700,000	762,100,000	706,000,000	1,112,800,000
Short Term Investments	306,800,000	26,300,000	128,800,000	129,900,000	224,000,000
Net Receivables	0	372,400,000	260,700,000	303,100,000	254,900,000
Inventory	0	-926,700,000	-1,179,300,000	0	0
Total Current Assets	0	678,700,000	874,400,000	858,800,000	0
Property Plant Equipment	0	6,300,000	5,500,000	10,300,000	8,900,000
Goodwill and Intangibles	0	19,200,000	26,500,000	0	0
Total Assets	1,495,700,000	1,347,700,000	1,312,900,000	1,319,300,000	1,762,300,000
Liabilities
Account Payables	103,900,000	120,000,000	159,500,000	130,700,000	137,100,000
Short Term Debt	0	3,000,000	3,200,000	0	0
Total Current Liabilities	301,400,000	224,200,000	39,700,000	0	0
Long Term Debt	196,300,000	291,100,000	295,400,000	0	178,000,000
Total Liabilities	1,292,000,000	1,070,000,000	1,035,800,000	782,900,000	729,900,000
Shareholders Equity
Retained Earnings	0	-1,715,200,000	-1,567,800,000	-1,270,100,000	-748,000,000
Total Shareholders Equity	203,700,000	277,700,000	277,100,000	536,400,000	1,032,400,000

Cash flow quarterly history for Root Inc (ROOT).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	30,900,000	-147,400,000	-297,700,000	-521,100,000
Depreciation & Amortization	14,900,000	7,800,000	13,800,000	16,600,000
Stock Based Compensation	22,300,000	34,700,000	30,500,000	19,300,000
Change in Working Capital	88,600,000	52,700,000	12,300,000	52,300,000
Operating Cash Flow	195,700,000	-33,600,000	-210,600,000	-403,400,000
Investing Activities
Capital Expenditure	-11,800,000	-9,400,000	-10,100,000	-11,200,000
Investments	-400,000	-9,400,000	-10,100,000	-4,600,000
Investing Cash Flow	-154,400,000	-45,700,000	-16,600,000	76,900,000
Financing Activities
Debt Repayment	-102,700,000	0	-286,000,000	-199,500,000
Common Stock Issued/Repurchased	-3,000,000	-4,100,000	-6,000,000	116,000,000
Dividends Paid	0	0	-286,000,000	0
Financing Cash Flow	-120,700,000	-4,099,999	283,300,000	-80,300,000
Summary
Free Cash Flow	183,900,000	-43,000,000	-220,700,000	-414,600,000
Net Change in Cash	-79,400,000	-83,400,000	56,100,000	-406,800,000

Cash flow annual history for Root Inc (ROOT).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	30,900,000	-147,400,000	-297,700,000	-521,100,000	-363,000,000
Depreciation & Amortization	14,900,000	7,800,000	13,800,000	16,600,000	15,600,000
Stock Based Compensation	22,300,000	34,700,000	30,500,000	19,300,000	3,700,000
Change in Working Capital	88,600,000	52,700,000	12,300,000	52,300,000	-55,700,000
Operating Cash Flow	195,700,000	-33,600,000	-210,600,000	-403,400,000	-287,200,000
Investing Activities
Capital Expenditure	-11,800,000	-9,400,000	-10,100,000	-11,200,000	-16,100,000
Investments	-400,000	-9,400,000	-10,100,000	-4,600,000	-1,800,000
Investing Cash Flow	-154,400,000	-45,700,000	-16,600,000	76,900,000	-114,100,000
Financing Activities
Debt Repayment	-102,700,000	0	-286,000,000	-199,500,000	-13,500,000
Common Stock Issued/Repurchased	-3,000,000	-4,100,000	-6,000,000	116,000,000	1,097,900,000
Dividends Paid	0	0	-286,000,000	0	0
Financing Cash Flow	-120,700,000	-4,099,999	283,300,000	-80,300,000	1,098,500,000
Summary
Free Cash Flow	183,900,000	-43,000,000	-220,700,000	-414,600,000	-303,300,000
Net Change in Cash	-79,400,000	-83,400,000	56,100,000	-406,800,000	697,200,000