Root, Inc. financial data

Symbol
ROOT on Nasdaq
Industry
Fire, Marine & Casualty Insurance
Location
80 E Rich Street, Suite 500, Columbus, Ohio
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Root Stockholdings, Inc. (to 9/17/2020)
Latest financial report
Q1 2024 - Apr 30, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 559 % +85.5%
Return On Equity -62.4 % +26.9%
Return On Assets -8.64 % +55.5%
Operating Margin -10.3 % +86.2%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 80.3 M USD -57.3%
Weighted Average Number of Shares Outstanding, Basic 14.6 M shares +2.82%
Weighted Average Number of Shares Outstanding, Diluted 14.6 M shares +2.82%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 640 M USD +117%
Selling and Marketing Expense 76.1 M USD +110%
General and Administrative Expense 78.9 M USD -33.4%
Operating Income (Loss) -66.1 M USD +70.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -113 M USD +56.8%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -113 M USD +56.8%
Earnings Per Share, Basic -7.78 USD/shares +57.9%
Earnings Per Share, Diluted -7.78 USD/shares +57.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 641 M USD -5.71%
Property, Plant and Equipment, Net 2.8 M USD -49.1%
Operating Lease, Right-of-Use Asset 3.5 M USD -18.6%
Assets 1.43 B USD +19.2%
Liabilities 1.15 B USD +36.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.3 M USD +29.8%
Retained Earnings (Accumulated Deficit) -1.72 B USD -7.01%
Stockholders' Equity Attributable to Parent 166 M USD -32%
Liabilities and Equity 1.43 B USD +19.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 14.5 M USD
Net Cash Provided by (Used in) Financing Activities -400 K USD
Net Cash Provided by (Used in) Investing Activities -52.3 M USD -5911%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -38.2 M USD +53.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 642 M USD -5.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 42.5 M USD +73.5%
Deferred Tax Assets, Valuation Allowance 356 M USD +10.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 364 M USD +10.7%
Operating Lease, Liability 8.2 M USD -21.9%
Depreciation 1.5 M USD -28.6%
Payments to Acquire Property, Plant, and Equipment 200 K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -111 M USD +57.6%
Lessee, Operating Lease, Liability, to be Paid 10.1 M USD -25.2%
Property, Plant and Equipment, Gross 16.1 M USD -12%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.2 M USD -31.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 3 M USD -6.25%
Operating Lease, Weighted Average Discount Rate, Percent 0.12 pure 0%
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.9 M USD -36.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.3 M USD +4.55%
Deferred Tax Assets, Operating Loss Carryforwards 281 M USD +5.33%
Preferred Stock, Shares Issued 14.1 M shares 0%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 0 USD
Preferred Stock, Shares Authorized 100 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.4 M USD +4.35%
Operating Lease, Payments 3.2 M USD -17.9%
Additional Paid in Capital 1.89 B USD +1.79%
Preferred Stock, Shares Outstanding 14.1 M shares 0%
Current State and Local Tax Expense (Benefit) 0 USD
Current Federal Tax Expense (Benefit) 0 USD
Deferred Tax Assets, Net of Valuation Allowance 7.1 M USD +18.3%
Share-based Payment Arrangement, Expense 19.4 M USD -26.5%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 46.6 M USD +15.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%