ROOT · Root, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.18B | $455.00M | $310.80M | $345.40M | $346.80M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $96.90M | $69.50M | $83.30M | $127.40M | $97.60M | $78.50M |
| Total Operating Expenses | $1.46B | $1.10B | $556.30M | $573.90M | $830.60M | $632.10M |
| D&A | $200.0K | $1.00M | $1.50M | $2.10M | $4.60M | $3.10M |
| Operating Income | $61.80M | $78.50M | ($101.30M) | ($263.10M) | ($285.30M) | ($363.00M) |
| Interest Expense | $21.00M | $42.20M | $46.10M | $34.60M | $20.00M | $77.70M |
| Income Tax | $500.0K | $0 | $0 | $0 | $0 | $0 |
| Net Income | $40.30M | $30.90M | ($147.40M) | ($297.70M) | ($521.10M) | ($363.00M) |
| EPS - Basic | $2.49 | $1.96 | ($10.24) | ($21.11) | ($86.58) | - |
| EPS - Diluted | $2.36 | $1.83 | ($10.24) | ($21.11) | ($86.58) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $669.30M | $599.30M | $678.70M | $762.10M | $706.00M | $1.11B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.67B | $1.50B | $1.35B | $1.31B | $1.32B | $1.76B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $200.30M | $200.10M | $299.00M | $295.40M | $0 | $188.20M |
| Total Liabilities | $1.28B | $1.18B | $1.07B | $923.80M | $670.90M | $729.90M |
| Stockholders' Equity | $284.30M | $203.70M | $165.70M | $277.10M | $536.40M | ($33.60M) |
| Retained Earnings | ($1.64B) | ($1.68B) | ($1.72B) | ($1.57B) | ($1.27B) | ($748.00M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $206.50M | $195.70M | ($33.60M) | ($210.60M) | ($403.40M) | ($287.20M) |
| Investing Cash Flow | ($91.70M) | ($154.40M) | ($45.70M) | ($16.60M) | $76.90M | ($114.10M) |
| Financing Cash Flow | ($25.20M) | ($120.70M) | ($4.10M) | $283.30M | ($80.30M) | $1.10B |
| CapEx | $0 | $400.0K | $200.0K | $0 | $4.60M | $1.80M |
| Free Cash Flow | $206.50M | $195.30M | ($33.80M) | ($210.60M) | ($408.00M) | ($289.00M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 4.1% | 6.7% | -22.3% | -84.7% | -82.6% | -104.7% |
| EBITDA margin | 4.1% | 6.8% | -21.9% | -84.0% | -81.3% | -103.8% |
| Net margin | 2.7% | 2.6% | -32.4% | -95.8% | -150.9% | -104.7% |
| Free cash flow margin | 13.6% | 16.6% | -7.4% | -67.8% | -118.1% | -83.3% |
| FCF / Net income | 5.12 | 6.32 | 0.23 | 0.71 | 0.78 | 0.80 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.4% | 5.9% | 18.3% | 41.0% | 28.3% | 22.6% |
| Effective tax rate | 1.2% | 0.0% | - | - | - | - |
| Return on assets | 2.4% | 2.1% | -10.9% | -22.7% | -39.5% | -20.6% |
| Return on equity | 14.2% | 15.2% | -89.0% | -107.4% | -97.1% | 1080.4% |
| Return on invested capital | 12.6% | 19.4% | -17.2% | -36.3% | -42.0% | -185.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.70 | 0.98 | 1.80 | 1.07 | 0.00 | -5.60 |
| Debt / Assets | 0.12 | 0.13 | 0.22 | 0.22 | 0.00 | 0.11 |
| Debt / EBITDA | 3.23 | 2.52 | - | - | - | - |
| Interest coverage | 2.9x | 1.9x | -2.2x | -7.6x | -14.3x | -4.7x |
| Equity multiplier | 5.89 | 7.34 | 8.13 | 4.74 | 2.46 | -52.45 |
| Liabilities / Assets | 0.76 | 0.79 | 0.79 | 0.70 | 0.51 | 0.41 |
| Efficiency | ||||||
| Asset turnover | 0.91 | 0.79 | 0.34 | 0.24 | 0.26 | 0.20 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 30.6x | 39.7x | - | - | - | - |
| P / B | 4.3x | 6.0x | 0.9x | 0.2x | 7.9x | - |
| P / S | 0.8x | 1.0x | 0.3x | 0.2x | 12.2x | - |
| EV / EBITDA | 12.4x | 10.4x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 29.0% | 158.6% | 46.4% | -10.0% | -0.4% | - |
| Revenue CAGR (3y) | 69.6% | 50.5% | 9.5% | - | - | - |
| Revenue CAGR (5y) | 34.3% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -21.3% | - | 61.5% | 7.8% | 21.4% | - |
| Net income growth (YoY) | 30.4% | - | 50.5% | 42.9% | -43.6% | - |
| EPS growth (YoY) | 29.0% | - | 51.5% | 75.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 5.7% | - | 84.0% | 48.4% | -41.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 39.6% | 22.9% | -40.2% | -48.3% | - | - |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Root against the 5 most active filers in the same SIC group.