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
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 668 % +97.3%
Return On Equity -50.8 % +33.6%
Return On Assets -6.08 % +61.7%
Operating Margin -4.34 % +92.1%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 80.3M USD -57.3%
Weighted Average Number of Shares Outstanding, Basic 14.9M shares +3.47%
Weighted Average Number of Shares Outstanding, Diluted 14.9M shares +3.47%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 854M USD +195%
Selling and Marketing Expense 104M USD +396%
General and Administrative Expense 76.3M USD -23.4%
Operating Income (Loss) -37.1M USD +76.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -83.8M USD +58.6%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -83.8M USD +58.6%
Earnings Per Share, Basic -5.75 USD/shares +59.7%
Earnings Per Share, Diluted -5.75 USD/shares +59.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 667M USD +6.24%
Property, Plant and Equipment, Net 2.8M USD -49.1%
Operating Lease, Right-of-Use Asset 3.5M USD -18.6%
Assets 1.5B USD +25.2%
Liabilities 1.23B USD +41.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.4M USD +42.4%
Retained Earnings (Accumulated Deficit) -1.73B USD -4.95%
Stockholders' Equity Attributable to Parent 151M USD -29.4%
Liabilities and Equity 1.5B USD +25.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 14.5M USD
Net Cash Provided by (Used in) Financing Activities -400K USD
Net Cash Provided by (Used in) Investing Activities -52.3M 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 -38.2M USD +53.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 668M USD +6.23%
Deferred Tax Assets, Valuation Allowance 356M USD +10.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 364M USD +10.7%
Operating Lease, Liability 8.2M USD -21.9%
Payments to Acquire Property, Plant, and Equipment 200K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -81.3M USD +60.1%
Lessee, Operating Lease, Liability, to be Paid 10.1M USD -25.2%
Property, Plant and Equipment, Gross 16.1M USD -12%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.2M USD -31.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 3M USD -6.25%
Operating Lease, Weighted Average Discount Rate, Percent 0.12 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.9M USD -36.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.3M USD +4.55%
Deferred Tax Assets, Operating Loss Carryforwards 281M USD +5.33%
Preferred Stock, Shares Issued 14.1M shares 0%
Preferred Stock, Shares Authorized 100M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.4M USD +4.35%
Additional Paid in Capital 1.88B USD +0.85%
Preferred Stock, Shares Outstanding 14.1M shares 0%
Deferred Tax Assets, Net of Valuation Allowance 7.1M USD +18.3%
Share-based Payment Arrangement, Expense 18M USD -25.6%
Interest Expense 46.6M USD +15.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%