Financial Snapshot

Revenue
$1.045B
TTM
Gross Margin
Net Earnings
-$15.20M
TTM
Current Assets
$37.80M
Q3 2024
Current Liabilities
$71.60M
Q3 2024
Current Ratio
52.79%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$293.9M
Q3 2024
Cash
Q3 2024
P/E
-89.85
Nov 29, 2024 EST
Free Cash Flow
$165.2M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $455.0M $310.8M $345.4M $346.8M $290.2M $43.30M
YoY Change 46.4% -10.02% -0.4% 19.5% 570.21%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $455.0M $310.8M $345.4M $346.8M $290.2M $43.30M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $132.6M $175.4M $367.8M $218.2M $152.6M $49.60M
YoY Change -24.4% -52.31% 68.56% 42.99% 207.66%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.500M $2.100M $4.600M $3.100M $1.700M $300.0K
YoY Change -28.57% -54.35% 48.39% 82.35% 466.67%
% of Gross Profit
Operating Expenses $556.3M $573.9M $830.6M $632.1M $550.3M $111.5M
YoY Change -3.07% -30.91% 31.4% 14.86% 393.54%
Operating Profit -$101.3M -$263.1M -$485.2M -$285.3M -$260.1M
YoY Change -61.5% -45.77% 70.07% 9.69%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $46.10M $34.60M $20.00M $77.70M $22.30M $900.0K
YoY Change 33.24% 73.0% -74.26% 248.43% 2377.78%
% of Operating Profit
Other Income/Expense, Net $54.70M
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$147.4M -$297.7M -$521.1M -$363.0M -$282.4M -$69.10M
YoY Change -50.49% -42.87% 43.55% 28.54% 308.68%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$147.4M -$297.7M -$521.1M -$363.0M -$282.4M -$69.10M
YoY Change -50.49% -42.87% 43.55% 28.54% 308.68%
Net Earnings / Revenue -32.4% -95.79% -150.87% -104.67% -97.31% -159.58%
Basic Earnings Per Share -$10.24 -$21.11 -$2.09 -$4.81 -$8.33
Diluted Earnings Per Share -$10.24 -$21.11 -$2.09 -$4.81 -$8.33 -$277.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $678.7M $762.1M $706.0M $1.113B $391.7M $122.3M
Short-Term Investments
Other Short-Term Assets $48.20M $74.20M $100.8M $112.8M $17.40M $12.80M
YoY Change -35.04% -26.39% -10.64% 548.28% 35.94%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $48.20M $74.20M $100.8M $112.8M $17.40M $12.80M
YoY Change -35.04% -26.39% -10.64% 548.28% 35.94%
Property, Plant & Equipment $6.300M $9.800M $15.40M $8.900M $10.20M $3.800M
YoY Change -35.71% -36.36% 73.03% -12.75% 168.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $170.3M $132.8M $134.6M $221.5M $119.3M $4.900M
YoY Change 28.24% -1.34% -39.23% 85.67% 2334.69%
Other Assets $1.900M $1.400M $1.000M $4.000M $28.40M $15.30M
YoY Change 35.71% 40.0% -75.0% -85.92% 85.62%
Total Long-Term Assets $1.300B $1.239B $1.219B $1.650B $711.2M $203.2M
YoY Change 4.91% 1.66% -26.13% 131.93% 250.0%
Total Assets $1.348B $1.313B $1.319B $1.762B $728.6M $216.0M
YoY Change
Accounts Payable $65.60M $39.70M $29.10M $48.00M $29.80M $10.50M
YoY Change 65.24% 36.43% -39.38% 61.07% 183.81%
Accrued Expenses $16.10M $10.50M $14.10M
YoY Change 53.33% -25.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $99.50M $99.50M
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $81.70M $50.20M $43.20M $147.5M $129.3M $10.50M
YoY Change 62.75% 16.2% -70.71% 14.08% 1131.43%
Long-Term Debt $291.1M $295.4M $0.00 $88.70M $92.70M $15.10M
YoY Change -1.46% -100.0% -4.31% 513.91%
Other Long-Term Liabilities $74.90M $34.50M $25.80M $10.30M $8.400M $3.300M
YoY Change 117.11% 33.72% 150.49% 22.62% 154.55%
Total Long-Term Liabilities $366.0M $329.9M $25.80M $99.00M $101.1M $18.40M
YoY Change 10.94% 1178.68% -73.94% -2.08% 449.46%
Total Liabilities $1.070B $923.8M $670.9M $729.9M $542.2M $129.1M
YoY Change 15.83% 37.7% -8.08% 34.62% 319.98%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 14.40M shares 14.10M shares 249.2M shares 75.50M shares 33.90M shares
Diluted Shares Outstanding 14.40M shares 14.10M shares 249.2M shares 75.50M shares 33.90M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.3658 Billion

About Root, Inc.

Root, Inc. is a technology insurance company, which engages in the provision of insurance services. The company is headquartered in Columbus, Ohio and currently employs 680 full-time employees. The company went IPO on 2020-10-28. The firm operates through its subsidiaries, including Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The firm is a technology insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile apps. The company offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty. The Company, by collecting and synthesizing sensory behavioral data across thousands of driving variables, including distracted driving, it strives to price auto insurance based more on causality than correlation. The company uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support, and improving business processes. Its primary focus is on the United States auto insurance market.

Industry: Fire, Marine & Casualty Insurance Peers: Heritage Insurance Holdings, Inc. ICC Holdings, Inc. INVESTORS TITLE CO KINGSWAY FINANCIAL SERVICES INC NI Holdings, Inc. PROGRESSIVE CORP/OH/ Trean Insurance Group, Inc.