
Root (ROOT) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
382.9M
Net Income
22.0M
5.75%
EPS (Diluted)
$1.29
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
1.4B
Shareholders Equity
228.7M
Debt to Equity
5.93
Cash Flow Metrics
Operating Cash Flow
-51.2M
Free Cash Flow
24.8M
Revenue & Profitability Trend
Root Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 1.2B | 455.0M | 310.8M | 345.4M | 346.8M |
Cost of Goods Sold | - | - | - | - | - |
Gross Profit | - | - | - | - | - |
Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 205.3M | 132.6M | 175.4M | 367.8M | 218.2M |
Other Operating Expenses | 53.3M | 44.8M | 55.5M | 65.5M | 52.9M |
Total Operating Expenses | 258.6M | 177.4M | 230.9M | 433.3M | 271.1M |
Operating Income | - | - | - | - | - |
Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 42.2M | 46.1M | 34.6M | 20.0M | 77.7M |
Other Non-Operating Income | 3.7M | 1.5M | 1.7M | 6.8M | 1.2M |
Pre-tax Income | 30.9M | -147.4M | -297.7M | -521.1M | -363.0M |
Income Tax | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | 30.9M | -147.4M | -297.7M | -521.1M | -363.0M |
Net Margin % | 2.6% | -32.4% | -95.8% | -150.9% | -104.7% |
Key Metrics | |||||
EBITDA | - | - | - | - | - |
EPS (Basic) | $1.96 | $-10.24 | $-21.11 | $-37.62 | $-86.43 |
EPS (Diluted) | $1.83 | $-10.24 | $-21.11 | $-37.62 | $-86.43 |
Basic Shares Outstanding | 14900000 | 14400000 | 14100000 | 13844444 | 4200000 |
Diluted Shares Outstanding | 14900000 | 14400000 | 14100000 | 13844444 | 4200000 |
Income Statement Trend
Root Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 599.3M | 678.7M | 762.1M | 706.0M | 1.1B |
Short-term Investments | 306.8M | 166.8M | 128.8M | 129.9M | 224.0M |
Accounts Receivable | 455.9M | 372.4M | 260.7M | 303.1M | 254.9M |
Inventory | - | - | - | - | - |
Other Current Assets | - | - | - | - | - |
Total Current Assets | - | - | - | - | - |
Non-Current Assets | |||||
Property, Plant & Equipment | - | - | - | - | - |
Goodwill | - | - | - | - | - |
Intangible Assets | - | - | - | - | - |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | - | - | - | - | - |
Total Non-Current Assets | - | - | - | - | - |
Total Assets | 1.5B | - | - | - | - |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 103.9M | 120.0M | 159.5M | 130.7M | 137.1M |
Short-term Debt | - | - | - | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | - | - | - | - | - |
Non-Current Liabilities | |||||
Long-term Debt | 200.1M | 299.0M | 295.4M | - | 188.2M |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | - | - | - | - | - |
Total Non-Current Liabilities | - | - | - | - | - |
Total Liabilities | 1.3B | - | - | - | - |
Equity | |||||
Common Stock | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | -1.7B | -1.7B | -1.6B | -1.3B | -748.0M |
Treasury Stock | - | - | - | 0 | 800.0K |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 203.7M | 165.7M | 277.1M | 536.4M | 1.0B |
Key Metrics | |||||
Total Debt | 200.1M | 299.0M | 295.4M | 0 | 188.2M |
Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Root Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 30.9M | -147.4M | -297.7M | -521.1M | -363.0M |
Depreciation & Amortization | - | - | - | - | - |
Stock-Based Compensation | 22.3M | 34.7M | 45.0M | 28.1M | 3.7M |
Working Capital Changes | -133.7M | -117.3M | 62.1M | -65.7M | -68.5M |
Operating Cash Flow | -41.5M | -216.2M | -174.1M | -542.4M | -402.7M |
Investing Activities | |||||
Capital Expenditures | -400.0K | -200.0K | 0 | -4.6M | -1.8M |
Acquisitions | - | - | - | - | - |
Investment Purchases | -197.8M | -76.0M | -47.7M | -17.0M | -158.4M |
Investment Sales | 55.2M | 39.7M | 41.2M | 105.1M | 60.4M |
Investing Cash Flow | -143.0M | -36.5M | -6.5M | 83.5M | -99.8M |
Financing Activities | |||||
Share Repurchases | -3.0M | -3.0M | -3.0M | -10.5M | -200.0K |
Dividends Paid | - | - | - | - | - |
Debt Issuance | 134.4M | 0 | 286.0M | 0 | 12.0M |
Debt Repayment | -237.1M | 0 | 0 | -199.5M | -13.5M |
Financing Cash Flow | -120.8M | -3.0M | 283.0M | -83.5M | 1.1B |
Free Cash Flow | 183.9M | -43.0M | -220.7M | -414.6M | -303.3M |
Net Change in Cash | -305.3M | -255.7M | 102.4M | -542.4M | 593.9M |
Cash Flow Trend
Root Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.13
Forward P/E
-49.19
Price to Book
5.55
Price to Sales
1.00
PEG Ratio
-0.05
Profitability Ratios
Profit Margin
5.98%
Operating Margin
7.16%
Return on Equity
27.53%
Return on Assets
4.89%
Financial Health
Current Ratio
2.48
Debt to Equity
56.13
Beta
2.26
Per Share Data
EPS (TTM)
$5.14
Book Value per Share
$15.88
Revenue per Share
$90.08
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
root | 1.4B | 17.13 | 5.55 | 27.53% | 5.98% | 56.13 |
Progressive | 146.9B | 14.12 | 4.51 | 37.29% | 12.66% | 21.15 |
Chubb | 109.3B | 12.11 | 1.58 | 13.63% | 16.00% | 28.98 |
Stewart Information | 2.0B | 22.69 | 1.38 | 7.24% | 3.29% | 39.81 |
Skyward Specialty | 2.0B | 15.36 | 2.18 | 16.26% | 10.53% | 13.29 |
Horace Mann | 1.8B | 13.21 | 1.34 | 10.91% | 8.50% | 40.25 |
Financial data is updated regularly. All figures are in the company's reporting currency.