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Root (ROOT) Financials

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$57.01 -0.07 (-0.12%)
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Annual Income Statements for Root

Annual Income Statements for Root

This table shows Root's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -69 -282 -363 -521 -298 -147 29 38
Consolidated Net Income / (Loss)		 -69 -282 -363 -521 -298 -147 31 40
Net Income / (Loss) Continuing Operations		 -69 -282 -363 -521 -298 -147 31 40
Total Pre-Tax Income 		-69 -282 -363 -521 -298 -147 31 41
Total Operating Income		 -68 -260 -285 -485 -263 -101 79 62
Total Gross Profit		 -0.20 -31 -16 -47 -40 124 444 593
Total Revenue		 43 290 347 345 311 455 1,177 1,517
Operating Revenue		 43 290 347 345 311 455 1,177 1,517
Total Cost of Revenue		 44 321 363 392 351 331 733 924
Operating Cost of Revenue		 44 321 363 392 351 331 733 924
Total Operating Expenses		 68 229 269 438 223 225 365 531
Selling, General & Admin Expense		 9.30 43 79 98 127 83 70 97
Marketing Expense		 40 110 140 270 48 49 136 175
Research & Development Expense		 - 24 53 66 56 45 53 53
Other Operating Expenses / (Income)		 18 52 -1.80 5.00 -8.00 48 106 206
Total Other Income / (Expense), net		 -0.90 -22 -78 -36 -35 -46 -48 -21
Interest Expense		 0.90 22 78 36 35 46 48 21
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 0.00 1.70 2.00
Basic Earnings per Share		 ($2.73) ($8.33) ($86.43) ($37.76) ($21.11) ($10.24) $1.96 $2.49
Weighted Average Basic Shares Outstanding		 25.30M 33.90M 4.20M 13.80M 14.10M 14.40M 14.90M 15.40M
Diluted Earnings per Share		 ($2.73) ($8.33) ($86.43) ($37.76) ($21.11) ($10.24) $1.83 $2.36
Weighted Average Diluted Shares Outstanding		 25.30M 33.90M 4.20M 13.80M 14.10M 14.40M 16.90M 17.10M
Weighted Average Basic & Diluted Shares Outstanding		 25.30M 33.90M 75.50M 254M 14.20M 14.60M 15.20M 15.55M

Quarterly Income Statements for Root

This table shows Root's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -46 -24 -6.20 -7.80 22 22 18 21 -5.40 5.30 34
Consolidated Net Income / (Loss)		 -46 -24 -6.20 -7.80 23 22 18 22 -5.40 5.30 36
Net Income / (Loss) Continuing Operations		 -46 -24 -6.20 -7.80 23 22 18 22 -5.40 5.30 36
Total Pre-Tax Income 		-46 -24 -6.20 -7.80 23 22 18 22 -5.00 5.40 36
Total Operating Income		 -34 -12 5.40 3.80 34 35 24 27 0.30 11 41
Total Gross Profit		 30 72 89 99 121 135 144 150 148 151 167
Total Revenue		 115 195 255 289 306 327 349 383 388 397 394
Operating Revenue		 115 195 255 289 306 327 349 383 388 397 394
Total Cost of Revenue		 86 123 166 190 185 192 206 233 239 246 226
Operating Cost of Revenue		 86 123 166 190 185 192 206 233 239 246 226
Total Operating Expenses		 64 84 83 95 87 100 120 122 148 141 126
Selling, General & Admin Expense		 21 20 17 18 18 17 21 24 26 27 25
Marketing Expense		 13 27 30 34 34 37 52 37 41 46 27
Research & Development Expense		 11 12 11 15 13 15 11 14 15 13 15
Other Operating Expenses / (Income)		 18 25 25 28 22 31 37 48 67 55 59
Total Other Income / (Expense), net		 -12 -12 -12 -12 -12 -13 -5.30 -5.30 -5.30 -5.10 -4.80
Interest Expense		 12 12 12 12 12 13 5.30 5.30 5.30 5.10 4.80
Income Tax Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.40 0.10 0.20
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 - 0.00 0.00 1.10 - 0.90 1.10 0.00 - 1.70
Basic Earnings per Share		 ($3.16) ($1.67) ($0.42) ($0.52) $1.45 $1.45 $1.15 $1.36 ($0.35) $0.33 $2.19
Weighted Average Basic Shares Outstanding		 14.50M 14.40M 14.60M 14.90M 15M 14.90M 15.20M 15.40M 15.40M 15.40M 15.60M
Diluted Earnings per Share		 ($3.16) ($1.67) ($0.42) ($0.52) $1.35 $1.42 $1.07 $1.29 ($0.35) $0.35 $2.09
Weighted Average Diluted Shares Outstanding		 14.50M 14.40M 14.60M 14.90M 16.90M 16.90M 17.20M 17.10M 15.40M 17.10M 17.20M
Weighted Average Basic & Diluted Shares Outstanding		 14.60M 14.60M 14.90M 15M 15.10M 15.20M 15.37M 15.45M 15.51M 15.55M 15.83M

Annual Cash Flow Statements for Root

This table details how cash moves in and out of Root's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 104 294 697 -407 56 -83 -79 90
Net Cash From Operating Activities		 -26 -127 -287 -403 -211 -34 196 207
Net Cash From Continuing Operating Activities		 -26 -127 -287 -403 -211 -34 196 207
Net Income / (Loss) Continuing Operations		 -69 -282 -363 -521 -298 -147 31 40
Consolidated Net Income / (Loss)		 -69 -282 -363 -521 -298 -147 31 40
Depreciation Expense		 0.60 4.90 16 17 14 13 15 12
Non-Cash Adjustments To Reconcile Net Income		 -15 132 -35 109 54 31 16 81
Changes in Operating Assets and Liabilities, net		 58 18 95 -8.10 19 71 134 74
Net Cash From Investing Activities		 -21 -114 -114 77 -17 -46 -154 -92
Net Cash From Continuing Investing Activities		 -21 -114 -114 77 -17 -46 -154 -92
Purchase of Property, Plant & Equipment		 -3.50 -12 -7.20 -11 -8.80 -9.40 -12 -14
Purchase of Investments		 -40 -138 -158 -17 -48 -76 -198 -147
Sale and/or Maturity of Investments		 23 36 60 105 41 40 55 70
Net Cash From Financing Activities		 151 536 1,099 -80 283 -4.10 -121 -25
Net Cash From Continuing Financing Activities		 151 536 1,099 -80 283 -4.10 -121 -25
Repayment of Debt		 0.00 -16 -14 -200 0.00 0.00 -237 0.00
Repurchase of Common Equity		 0.00 0.00 -0.20 -11 -3.00 -3.00 -3.00 0.00
Issuance of Debt		 0.00 190 12 0.00 286 0.00 134 0.00
Other Financing Activities, net		 0.10 10 - 3.20 0.30 -1.10 -15 -25

Quarterly Cash Flow Statements for Root

This table details how cash moves in and out of Root's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 7.30 43 -38 27 7.60 -76 10 32 12 36 -81
Net Cash From Operating Activities		 15 46 15 63 49 69 27 52 58 70 9.30
Net Cash From Continuing Operating Activities		 15 46 15 63 49 69 27 52 58 70 9.00
Net Income / (Loss) Continuing Operations		 -46 -24 -6.20 -7.80 23 22 18 22 -5.40 5.30 36
Consolidated Net Income / (Loss)		 -46 -24 -6.20 -7.80 23 22 18 22 -5.40 5.30 36
Depreciation Expense		 2.70 4.40 2.90 4.00 5.20 2.80 2.00 2.00 4.70 3.10 3.10
Non-Cash Adjustments To Reconcile Net Income		 25 -5.80 -5.90 -43 112 44 23 6.80 34 28 19
Changes in Operating Assets and Liabilities, net		 33 72 24 110 -91 0.10 -16 21 24 34 -49
Net Cash From Investing Activities		 -7.00 0.50 -52 -22 -40 -40 -14 -3.80 -42 -33 -87
Net Cash From Continuing Investing Activities		 -7.00 0.50 -52 -22 -40 -40 -14 -3.80 -42 -33 -87
Purchase of Property, Plant & Equipment		 -2.00 -2.10 -2.30 -2.70 -2.40 -4.40 -2.00 -4.00 -3.90 -4.20 -3.50
Purchase of Investments		 -13 -14 -59 -37 -52 -50 -28 -18 -57 -44 -100
Sale and/or Maturity of Investments		 7.80 17 9.00 17 15 14 16 18 20 16 17
Net Cash From Financing Activities		 -0.30 -3.20 -0.40 -14 -2.00 -104 -2.80 -16 -4.10 -2.10 -3.70
Net Cash From Continuing Financing Activities		 -0.30 -3.20 -0.40 -14 -2.00 -104 -2.80 -16 -4.10 -2.10 -3.70
Other Financing Activities, net		 -0.30 -0.20 -0.40 -11 -2.00 -1.70 -2.80 -16 -4.10 -2.10 -3.70

Annual Balance Sheets for Root

This table presents Root's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 729 1,762 1,319 1,313 1,348 1,496 1,675
Total Current Assets		 395 1,116 707 762 845 892 1,077
Cash & Equivalents		 392 1,113 706 762 679 599 669
Restricted Cash		 - - 1.00 - - 1.00 21
Short-Term Investments		 3.50 3.00 0.00 - 166 292 387
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 333 647 608 551 503 599 598
Long-Term Investments		 119 222 130 133 5.30 15 4.40
Other Noncurrent Operating Assets		 214 425 478 418 498 584 593
Total Liabilities & Shareholders' Equity		 729 1,762 1,319 1,313 1,348 1,496 1,675
Total Liabilities		 542 730 671 924 1,070 1,180 1,278
Total Current Liabilities		 196 48 131 160 66 104 74
Accounts Payable		 30 48 29 40 66 71 74
Total Noncurrent Liabilities		 346 682 540 764 1,004 1,076 1,204
Long-Term Debt		 192 188 0.00 295 299 200 200
Other Noncurrent Operating Liabilities		 154 494 540 469 705 876 1,004
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 560 0.00 112 112 112 112 112
Total Equity & Noncontrolling Interests		 -374 1,032 536 277 166 204 284
Total Preferred & Common Equity		 -374 1,032 536 277 166 204 284
Total Common Equity		 -374 1,032 536 277 166 204 284
Common Stock		 11 1,776 1,806 1,851 1,883 1,888 1,922
Retained Earnings		 -385 -748 -1,270 -1,568 -1,715 -1,682 -1,642
Accumulated Other Comprehensive Income / (Loss)		 0.60 5.60 0.40 -5.80 -2.50 -2.30 3.90

Quarterly Balance Sheets for Root

This table presents Root's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,384 1,201 1,195 1,240 1,432 1,496 1,562 1,586 1,588 1,642 1,685
Total Current Assets		 820 685 635 638 650 680 684 922 961 1,011 1,065
Cash & Equivalents		 820 679 628 635 641 667 675 609 641 653 597
Restricted Cash		 - 1.00 - - 1.00 1.00 1.00 - - - 12
Short-Term Investments		 0.40 4.50 7.10 2.60 8.70 12 8.60 313 319 358 456
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 560 516 560 598 778 812 873 659 623 627 620
Long-Term Investments		 120 126 160 165 207 224 266 7.90 3.50 0.00 15
Other Noncurrent Operating Assets		 440 390 400 433 570 588 607 651 619 627 605
Total Liabilities & Shareholders' Equity		 1,384 1,201 1,195 1,240 1,432 1,496 1,562 1,586 1,588 1,642 1,685
Total Liabilities		 941 845 869 951 1,155 1,233 1,268 1,245 1,231 1,265 1,247
Total Current Liabilities		 151 112 128 120 95 111 110 83 68 71 43
Accounts Payable		 40 26 38 48 41 55 64 53 52 59 43
Total Noncurrent Liabilities		 791 734 740 832 1,060 1,122 1,158 1,162 1,163 1,195 1,204
Long-Term Debt		 294 296 297 298 299 300 301 200 200 200 200
Other Noncurrent Operating Liabilities		 497 437 443 533 760 822 857 962 963 994 1,004
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 112 112 112 112 112 112 112 112 112 112 112
Total Equity & Noncontrolling Interests		 331 244 214 177 166 151 182 229 245 265 326
Total Preferred & Common Equity		 331 244 214 177 166 151 182 229 245 265 326
Total Common Equity		 331 244 214 177 166 151 182 229 245 265 326
Common Stock		 1,838 1,857 1,866 1,875 1,890 1,882 1,884 1,892 1,884 1,908 1,931
Retained Earnings		 -1,500 -1,609 -1,645 -1,691 -1,721 -1,727 -1,704 -1,664 -1,642 -1,647 -1,606
Accumulated Other Comprehensive Income / (Loss)		 -6.90 -4.70 -5.90 -6.60 -3.30 -3.40 2.10 0.70 2.30 3.50 0.40

Annual Metrics And Ratios for Root

This table displays calculated financial ratios and metrics derived from Root's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 570.21% 19.50% -0.40% -10.02% 46.40% 158.57% 28.95%
EBITDA Growth		 0.00% -277.51% -5.68% -73.75% 46.80% 64.42% 205.30% -21.20%
EBIT Growth		 0.00% -281.38% -9.69% -70.07% 45.77% 61.50% 177.49% -21.27%
NOPAT Growth		 0.00% -281.38% -9.69% -70.07% 45.77% 61.50% 210.70% -22.24%
Net Income Growth		 0.00% -308.68% -28.54% -43.55% 42.87% 50.49% 120.96% 30.42%
EPS Growth		 0.00% -205.13% -28.54% -43.55% 44.09% 51.49% 117.87% 28.96%
Operating Cash Flow Growth		 0.00% -387.36% -125.79% -40.46% 47.79% 84.05% 682.44% 5.52%
Free Cash Flow Firm Growth		 0.00% 0.00% -374.14% -20.20% 36.70% 94.89% 2,450.18% -25.35%
Invested Capital Growth		 0.00% 0.00% 14.13% -65.55% -9.11% -29.60% -44.47% -22.49%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 13.96% -6.58% 37.25% 12.63% 4.86%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -0.60% 14.68% 28.58% 95.40% -24.67%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -0.71% 14.38% 25.90% 150.80% -28.31%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -0.71% 14.38% 25.90% 258.28% -28.69%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 4.30% 14.77% 18.88% 303.29% -29.42%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 4.30% 14.78% 18.28% 267.89% -31.20%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -92.24% 27.54% -3.74% 73.42% 13.38% 0.44%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -22.29% 89.83% 22.92% -8.23%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -50.35% -1.64% -24.52% -9.58% -10.64%
Profitability Metrics		 - - - - - - - -
Gross Margin		 -0.46% -10.75% -4.61% -13.58% -12.93% 27.19% 37.70% 39.08%
EBITDA Margin		 -156.12% -87.94% -77.77% -135.67% -80.21% -19.49% 7.94% 4.85%
Operating Margin		 -157.51% -89.63% -82.27% -140.47% -84.65% -22.26% 6.67% 4.07%
EBIT Margin		 -157.51% -89.63% -82.27% -140.47% -84.65% -22.26% 6.67% 4.07%
Profit (Net Income) Margin		 -159.58% -97.31% -104.67% -150.87% -95.79% -32.40% 2.63% 2.66%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 98.77%
Interest Burden Percent		 101.32% 108.57% 127.23% 107.40% 113.15% 145.51% 39.36% 66.02%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.23%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -151.50% -59.57% -62.01% -57.39% -44.21% 10.41% 11.32%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -35.70% -22.91% -31.49% -19.99% -7.61% 5.52% 3.90%
Return on Assets (ROA)		 0.00% -38.76% -29.15% -33.82% -22.62% -11.08% 2.17% 2.54%
Return on Common Equity (ROCE)		 0.00% 303.98% -32.18% -57.87% -45.00% -29.36% 6.48% 7.76%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 75.51% -35.16% -97.15% -107.43% -88.96% 15.17% 0.00%
Net Operating Profit after Tax (NOPAT)		 -48 -182 -200 -340 -184 -71 79 61
NOPAT Margin		 -110.25% -62.74% -57.59% -98.33% -59.26% -15.58% 6.67% 4.02%
Net Nonoperating Expense Percent (NNEP)		 0.00% -62.26% -22.20% -18.23% -15.75% -13.29% -7.55% -2.61%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -32.17% -15.26% 19.44% 12.60%
Cost of Revenue to Revenue		 100.46% 110.75% 104.61% 113.58% 112.93% 72.81% 62.30% 60.92%
SG&A Expenses to Revenue		 21.48% 14.82% 22.64% 28.26% 40.99% 18.31% 5.91% 6.39%
R&D to Revenue		 0.00% 8.27% 15.25% 18.96% 17.86% 9.85% 4.53% 3.50%
Operating Expenses to Revenue		 157.04% 78.88% 77.65% 126.90% 71.72% 49.45% 31.02% 35.01%
Earnings before Interest and Taxes (EBIT)		 -68 -260 -285 -485 -263 -101 79 62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -68 -255 -270 -469 -249 -89 93 74
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 3.82 1.46 0.23 0.92 5.38 3.94
Price to Tangible Book Value (P/TBV)		 0.00 0.00 3.82 1.46 0.23 0.92 5.38 3.94
Price to Revenue (P/Rev)		 16.73 2.50 11.36 2.27 0.20 0.34 0.93 0.74
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 37.54 29.25
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.66% 3.42%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 3.32 8.05 0.17 0.00 0.00 0.42 0.23
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 5.33 4.83
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 6.34 5.75
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 6.34 5.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 2.54 1.72
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 2.49 2.37
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 1.03 0.18 0.00 0.76 1.08 0.63 0.51
Long-Term Debt to Equity		 0.00 1.03 0.18 0.00 0.76 1.08 0.63 0.51
Financial Leverage		 0.00 -1.73 -1.21 -1.18 -1.39 -1.73 -2.13 -2.24
Leverage Ratio		 0.00 3.91 2.04 1.83 2.54 3.99 4.79 4.45
Compound Leverage Factor		 0.00 4.24 2.60 1.97 2.87 5.81 1.89 2.94
Debt to Total Capital		 0.00% 50.77% 15.42% 0.00% 43.16% 51.85% 38.79% 33.57%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 50.77% 15.42% 0.00% 43.16% 51.85% 38.79% 33.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 148.02% 0.00% 17.27% 16.36% 19.42% 21.71% 18.77%
Common Equity to Total Capital		 0.00% -98.79% 84.58% 82.73% 40.48% 28.73% 39.49% 47.65%
Debt to EBITDA		 0.00 -0.75 -0.70 0.00 -1.18 -3.37 2.14 2.72
Net Debt to EBITDA		 0.00 1.26 4.26 0.00 2.41 6.21 -7.61 -11.91
Long-Term Debt to EBITDA		 0.00 -0.75 -0.70 0.00 -1.18 -3.37 2.14 2.72
Debt to NOPAT		 0.00 -1.06 -0.94 0.00 -1.60 -4.22 2.55 3.28
Net Debt to NOPAT		 0.00 1.77 5.75 0.00 3.26 7.77 -9.05 -14.36
Long-Term Debt to NOPAT		 0.00 -1.06 -0.94 0.00 -1.60 -4.22 2.55 3.28
Altman Z-Score		 0.00 -0.39 3.03 -1.08 -1.50 -0.91 0.60 0.90
Noncontrolling Interest Sharing Ratio		 0.00% 300.64% 45.98% 6.66% 21.59% 33.59% 37.75% 31.46%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 2.01 23.25 5.41 4.78 12.88 12.54 14.06
Quick Ratio		 0.00 2.01 23.25 5.40 4.78 12.88 12.54 13.79
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -46 -219 -263 -167 -8.51 200 150
Operating Cash Flow to CapEx		 -745.71% -1,051.24% -3,988.89% -3,601.79% -2,393.18% -357.45% 1,658.47% 1,464.54%
Free Cash Flow to Firm to Interest Expense		 0.00 -2.07 -2.82 -7.33 -4.81 -0.18 4.20 7.14
Operating Cash Flow to Interest Expense		 -29.00 -5.70 -3.70 -11.24 -6.09 -0.73 4.11 9.83
Operating Cash Flow Less CapEx to Interest Expense		 -32.89 -6.25 -3.79 -11.55 -6.34 -0.93 3.86 9.16
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.40 0.28 0.22 0.24 0.34 0.83 0.96
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 10.79 9.33 10.18 10.20 6.29 10.72 12.72
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 33.84 39.14 35.87 35.77 58.01 34.04 28.69
Cash Conversion Cycle (CCC)		 0.00 -33.84 -39.14 -35.87 -35.77 -58.01 -34.04 -28.69
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 -136 -117 -193 -211 -273 -395 -485
Invested Capital Turnover		 0.00 -4.27 -2.75 -2.23 -1.54 -1.88 -3.52 -3.45
Increase / (Decrease) in Invested Capital		 0.00 -136 19 -77 -18 -62 -122 -89
Enterprise Value (EV)		 0.00 963 2,791 58 -425 -286 498 356
Market Capitalization		 724 724 3,940 783 63 153 1,096 1,120
Book Value per Share		 $0.00 ($11.03) $4.12 $2.12 $19.65 $11.35 $13.49 $18.33
Tangible Book Value per Share		 $0.00 ($11.03) $4.12 $2.12 $19.65 $11.35 $13.49 $18.33
Total Capital		 0.00 379 1,221 648 685 577 516 597
Total Debt		 0.00 192 188 0.00 295 299 200 200
Total Long-Term Debt		 0.00 192 188 0.00 295 299 200 200
Net Debt		 0.00 -322 -1,149 -837 -600 -551 -710 -877
Capital Expenditures (CapEx)		 3.50 12 7.20 11 8.80 9.40 12 14
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -196 -48 -131 -160 -66 -71 -77
Debt-free Net Working Capital (DFNWC)		 0.00 199 1,068 576 603 779 820 1,000
Net Working Capital (NWC)		 0.00 199 1,068 576 603 779 820 1,000
Net Nonoperating Expense (NNE)		 21 100 163 181 114 76 48 21
Net Nonoperating Obligations (NNO)		 0.00 -322 -1,149 -842 -600 -551 -710 -881
Total Depreciation and Amortization (D&A)		 0.60 4.90 16 17 14 13 15 12
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -67.61% -13.84% -37.84% -51.32% -14.42% -6.04% -5.05%
Debt-free Net Working Capital to Revenue		 0.00% 68.57% 307.90% 166.85% 193.89% 171.21% 69.72% 65.94%
Net Working Capital to Revenue		 0.00% 68.57% 307.90% 166.85% 193.89% 171.21% 69.72% 65.94%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($86.58) ($37.62) $0.00 ($10.24) $1.96 $2.49
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 27.97M 13.84M 0.00 14.40M 14.90M 15.40M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($86.58) ($37.62) $0.00 ($10.24) $1.83 $2.36
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 27.97M 13.84M 0.00 14.40M 16.90M 17.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($86.58) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 4.19M 14.11M 0.00 14.60M 15.20M 15.55M
Normalized Net Operating Profit after Tax (NOPAT)		 -48 -182 -200 -340 -184 -71 55 61
Normalized NOPAT Margin		 -110.25% -62.74% -57.59% -98.33% -59.26% -15.58% 4.67% 4.02%
Pre Tax Income Margin		 -159.58% -97.31% -104.67% -150.87% -95.79% -32.40% 2.63% 2.69%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 -75.78 -11.66 -3.67 -13.52 -7.60 -2.20 1.65 2.94
NOPAT to Interest Expense		 -53.04 -8.16 -2.57 -9.46 -5.32 -1.54 1.65 2.91
EBIT Less CapEx to Interest Expense		 -79.67 -12.21 -3.76 -13.83 -7.86 -2.40 1.40 2.27
NOPAT Less CapEx to Interest Expense		 -56.93 -8.71 -2.66 -9.77 -5.58 -1.74 1.40 2.24
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -0.06% -2.02% -1.01% -2.04% 9.71% 0.00%

Quarterly Metrics And Ratios for Root

This table displays calculated financial ratios and metrics derived from Root's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 15,554,644.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 15,554,644.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 56.45% 173.21% 263.62% 286.63% 165.13% 67.71% 37.07% 32.40% 26.86% 21.52% 12.62%
EBITDA Growth		 42.25% 81.80% 130.63% 134.82% 226.52% 577.22% 209.64% 275.64% -87.37% -63.93% 71.21%
EBIT Growth		 40.46% 74.21% 118.12% 115.08% 201.18% 383.74% 338.89% 618.42% -99.13% -69.91% 72.57%
NOPAT Growth		 40.46% 74.21% 118.12% 115.08% 244.54% 505.34% 526.98% 926.32% -99.39% -70.47% 71.62%
Net Income Growth		 31.02% 58.83% 84.84% 78.75% 149.78% 192.08% 396.77% 382.05% -123.68% -76.02% 95.11%
EPS Growth		 32.91% 59.56% 85.42% 79.61% 142.72% 185.03% 354.76% 348.08% -125.93% -75.35% 95.33%
Operating Cash Flow Growth		 124.75% 198.72% 117.32% 690.57% 238.36% 50.11% 84.83% -16.93% 16.60% 1.30% -65.30%
Free Cash Flow Firm Growth		 -130.31% 440.66% 319.98% 371.53% 1,584.75% 190.76% 2.49% -46.33% -55.42% -36.91% -32.95%
Invested Capital Growth		 -5.79% -29.60% -78.96% -101.23% -64.18% -44.47% -38.26% -19.50% -21.63% -22.49% -12.26%
Revenue Q/Q Growth		 54.14% 68.95% 30.85% 13.46% 5.71% 6.87% 6.95% 9.59% 1.28% 2.37% -0.88%
EBITDA Q/Q Growth		 -39.73% 74.76% 205.06% -6.02% 407.69% -4.80% -31.83% 14.01% -82.94% 172.00% 223.53%
EBIT Q/Q Growth		 -34.92% 63.82% 143.90% -29.63% 805.26% 1.45% -32.09% 15.19% -98.90% 3,400.00% 289.52%
NOPAT Q/Q Growth		 -34.92% 63.82% 143.90% -29.63% 1,193.23% 1.45% -32.09% 15.19% -99.23% 4,807.41% 294.67%
Net Income Q/Q Growth		 -24.80% 47.60% 74.17% -25.81% 392.31% -3.07% -16.74% 19.57% -124.55% 198.15% 577.36%
EPS Q/Q Growth		 -23.92% 47.15% 74.85% -23.81% 359.62% 5.19% -24.65% 20.56% -127.13% 200.00% 497.14%
Operating Cash Flow Q/Q Growth		 237.74% 215.75% -68.55% 331.72% -21.09% 40.08% -61.27% 94.03% 10.77% 21.70% -86.73%
Free Cash Flow Firm Q/Q Growth		 81.80% 555.85% 140.71% 35.97% -0.49% -10.73% -15.15% -28.79% -17.34% 27.14% -10.40%
Invested Capital Q/Q Growth		 -28.08% -24.52% -4.28% -20.99% -4.50% -9.58% 0.20% -4.57% -6.36% -10.64% 8.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.59% 37.01% 34.72% 34.20% 39.65% 41.29% 41.16% 39.07% 38.27% 38.06% 42.52%
EBITDA Margin		 -27.15% -4.06% 3.26% 2.70% 12.95% 11.54% 7.36% 7.65% 1.29% 3.43% 11.18%
Operating Margin		 -29.49% -6.31% 2.12% 1.31% 11.25% 10.68% 6.78% 7.13% 0.08% 2.64% 10.39%
EBIT Margin		 -29.49% -6.31% 2.12% 1.31% 11.25% 10.68% 6.78% 7.13% 0.08% 2.64% 10.39%
Profit (Net Income) Margin		 -39.72% -12.32% -2.43% -2.70% 7.46% 6.76% 5.27% 5.75% -1.39% 1.34% 9.12%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 108.00% 98.15% 99.45%
Interest Burden Percent		 134.71% 195.12% -114.81% -205.26% 66.28% 63.32% 77.64% 80.59% -1,666.67% 51.43% 88.26%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.85% 0.55%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -49.64% -44.21% -35.59% -28.42% -5.21% 10.41% 17.95% 27.53% 17.02% 11.32% 14.85%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -7.45% -2.16% 1.03% 0.83% 8.39% 8.84% 5.71% 6.31% 0.07% 2.53% 9.92%
Return on Assets (ROA)		 -10.04% -4.21% -1.18% -1.71% 5.56% 5.60% 4.44% 5.09% -1.26% 1.28% 8.71%
Return on Common Equity (ROCE)		 -34.45% -29.36% -23.00% -17.63% -3.21% 6.48% 11.45% 17.58% 11.34% 7.76% 10.58%
Return on Equity Simple (ROE_SIMPLE)		 -102.60% 0.00% -68.01% -55.39% -8.36% 0.00% 24.27% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -8.61 3.78 2.66 34 35 24 27 0.21 10 41
NOPAT Margin		 -20.64% -4.42% 1.48% 0.92% 11.25% 10.68% 6.78% 7.13% 0.05% 2.60% 10.34%
Net Nonoperating Expense Percent (NNEP)		 -3.80% -2.67% -1.85% -1.89% -2.00% -2.03% -0.82% -0.77% -0.76% -0.63% -0.59%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.85% - - - 8.64% 5.53% 6.14% 0.05% 2.13% 7.73%
Cost of Revenue to Revenue		 74.41% 62.99% 65.28% 65.80% 60.35% 58.71% 58.84% 60.93% 61.73% 61.94% 57.48%
SG&A Expenses to Revenue		 18.21% 10.32% 6.71% 6.26% 5.72% 5.14% 5.87% 6.16% 6.65% 6.80% 6.23%
R&D to Revenue		 9.63% 6.37% 4.32% 5.08% 4.22% 4.50% 3.26% 3.58% 3.79% 3.35% 3.86%
Operating Expenses to Revenue		 55.07% 43.33% 32.60% 32.88% 28.39% 30.61% 34.37% 31.94% 38.19% 35.42% 32.12%
Earnings before Interest and Taxes (EBIT)		 -34 -12 5.40 3.80 34 35 24 27 0.30 11 41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -31 -7.90 8.30 7.80 40 38 26 29 5.00 14 44
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.78 0.92 5.38 5.08 3.12 5.38 8.87 8.04 5.22 3.94 2.11
Price to Tangible Book Value (P/TBV)		 0.78 0.92 5.38 5.08 3.12 5.38 8.87 8.04 5.22 3.94 2.11
Price to Revenue (P/Rev)		 0.42 0.34 1.39 0.90 0.54 0.93 1.60 1.44 0.96 0.74 0.44
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 37.54 38.34 24.10 25.37 29.25 12.49
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 2.66% 2.61% 4.15% 3.94% 3.42% 8.01%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.70 0.32 0.03 0.42 1.11 0.96 0.47 0.23 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.61 5.33 12.73 9.93 7.00 4.83 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.93 6.34 14.57 10.93 7.93 5.75 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 1.32 6.34 14.57 10.93 7.99 5.83 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 6.90 2.01 0.17 2.54 6.78 6.66 3.33 1.72 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 5.61 1.88 0.18 2.49 6.85 7.01 4.18 2.37 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.03 1.08 1.08 1.14 1.02 0.63 0.59 0.56 0.53 0.51 0.46
Long-Term Debt to Equity		 1.03 1.08 1.08 1.14 1.02 0.63 0.59 0.56 0.53 0.51 0.46
Financial Leverage		 -1.58 -1.73 -1.70 -1.88 -1.99 -2.13 -2.10 -2.22 -2.19 -2.24 -2.07
Leverage Ratio		 3.59 3.99 4.16 4.56 4.81 4.79 4.88 4.98 4.78 4.45 4.20
Compound Leverage Factor		 4.83 7.79 -4.77 -9.37 3.19 3.03 3.79 4.01 -79.60 2.29 3.71
Debt to Total Capital		 50.78% 51.85% 51.87% 53.27% 50.59% 38.79% 36.99% 35.95% 34.71% 33.57% 31.39%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 50.78% 51.85% 51.87% 53.27% 50.59% 38.79% 36.99% 35.95% 34.71% 33.57% 31.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 19.07% 19.42% 19.41% 19.88% 18.83% 21.71% 20.71% 20.12% 19.40% 18.77% 17.55%
Common Equity to Total Capital		 30.15% 28.73% 28.72% 26.85% 30.58% 39.49% 42.30% 43.93% 45.90% 47.65% 51.07%
Debt to EBITDA		 -2.40 -3.37 -5.62 -12.99 6.30 2.14 1.81 1.51 2.05 2.72 2.18
Net Debt to EBITDA		 4.06 6.21 10.47 26.13 -13.59 -7.61 -6.59 -5.77 -8.30 -11.91 -9.58
Long-Term Debt to EBITDA		 -2.40 -3.37 -5.62 -12.99 6.30 2.14 1.81 1.51 2.05 2.72 2.18
Debt to NOPAT		 -3.12 -4.22 -6.47 -11.56 13.73 2.55 2.07 1.66 2.34 3.28 2.57
Net Debt to NOPAT		 5.27 7.77 12.06 23.24 -29.65 -9.05 -7.54 -6.35 -9.47 -14.36 -11.28
Long-Term Debt to NOPAT		 -3.12 -4.22 -6.47 -11.56 13.73 2.55 2.07 1.66 2.34 3.28 2.57
Altman Z-Score		 -1.14 -0.69 -0.29 -0.21 -0.08 0.50 0.99 1.10 0.82 0.80 0.73
Noncontrolling Interest Sharing Ratio		 30.60% 33.59% 35.36% 37.99% 38.42% 37.75% 36.22% 36.14% 33.39% 31.46% 28.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.33 12.88 6.84 6.15 6.21 12.54 11.07 14.11 14.32 14.06 24.66
Quick Ratio		 5.33 12.88 6.83 6.14 6.20 12.54 11.07 14.11 14.32 13.79 24.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 54 129 176 175 156 133 95 78 99 89
Operating Cash Flow to CapEx		 730.00% 2,195.24% 630.43% 2,318.52% 2,058.33% 1,572.73% 1,340.00% 1,300.00% 1,476.92% 1,669.05% 265.71%
Free Cash Flow to Firm to Interest Expense		 -1.00 4.60 11.16 15.18 15.10 12.22 25.04 17.83 14.74 19.47 18.54
Operating Cash Flow to Interest Expense		 1.24 3.94 1.25 5.40 4.26 5.41 5.06 9.81 10.87 13.75 1.94
Operating Cash Flow Less CapEx to Interest Expense		 1.07 3.76 1.05 5.16 4.05 5.06 4.68 9.06 10.13 12.92 1.21
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.25 0.34 0.49 0.63 0.75 0.83 0.84 0.89 0.90 0.96 0.95
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 6.51 6.29 12.99 12.18 11.88 10.72 16.38 15.19 14.19 12.72 19.56
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 56.03 58.01 28.11 29.96 30.73 34.04 22.29 24.02 25.71 28.69 18.66
Cash Conversion Cycle (CCC)		 -56.03 -58.01 -28.11 -29.96 -30.73 -34.04 -22.29 -24.02 -25.71 -28.69 -18.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -219 -273 -285 -345 -360 -395 -394 -412 -438 -485 -442
Invested Capital Turnover		 -1.55 -1.88 -2.88 -3.31 -3.60 -3.52 -3.74 -3.61 -3.62 -3.45 -3.73
Increase / (Decrease) in Invested Capital		 -12 -62 -126 -173 -141 -122 -109 -67 -78 -89 -48
Enterprise Value (EV)		 -254 -286 446 277 29 498 1,410 1,314 684 356 -81
Market Capitalization		 138 153 892 769 567 1,096 2,028 1,966 1,383 1,120 687
Book Value per Share		 $12.21 $11.35 $11.35 $10.15 $12.13 $13.49 $15.05 $15.91 $17.16 $18.33 $20.95
Tangible Book Value per Share		 $12.21 $11.35 $11.35 $10.15 $12.13 $13.49 $15.05 $15.91 $17.16 $18.33 $20.95
Total Capital		 587 577 577 563 595 516 541 557 577 597 638
Total Debt		 298 299 299 300 301 200 200 200 200 200 200
Total Long-Term Debt		 298 299 299 300 301 200 200 200 200 200 200
Net Debt		 -504 -551 -558 -604 -650 -710 -730 -764 -811 -877 -880
Capital Expenditures (CapEx)		 2.00 2.10 2.30 2.70 2.40 4.40 2.00 4.00 3.90 4.20 3.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -120 -66 -95 -111 -110 -71 -83 -68 -71 -77 -43
Debt-free Net Working Capital (DFNWC)		 518 779 555 569 574 820 839 893 941 1,000 1,022
Net Working Capital (NWC)		 518 779 555 569 574 820 839 893 941 1,000 1,022
Net Nonoperating Expense (NNE)		 22 15 9.98 10 12 13 5.30 5.30 5.61 5.01 4.77
Net Nonoperating Obligations (NNO)		 -509 -551 -563 -608 -654 -710 -735 -768 -815 -881 -880
Total Depreciation and Amortization (D&A)		 2.70 4.40 2.90 4.00 5.20 2.80 2.00 2.00 4.70 3.10 3.10
Debt-free, Cash-free Net Working Capital to Revenue		 -36.08% -14.42% -14.85% -12.95% -10.55% -6.04% -6.55% -4.99% -4.88% -5.05% -2.77%
Debt-free Net Working Capital to Revenue		 156.35% 171.21% 86.78% 66.65% 54.97% 69.72% 66.01% 65.40% 65.01% 65.94% 65.46%
Net Working Capital to Revenue		 156.35% 171.21% 86.78% 66.65% 54.97% 69.72% 66.01% 65.40% 65.01% 65.94% 65.46%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($3.16) ($1.67) ($0.42) ($0.52) $1.45 $1.45 $1.15 $1.36 ($0.35) $0.33 $2.19
Adjusted Weighted Average Basic Shares Outstanding		 14.50M 14.40M 14.60M 14.90M 15M 14.90M 15.20M 15.40M 15.40M 15.40M 15.60M
Adjusted Diluted Earnings per Share		 ($3.16) ($1.67) ($0.42) ($0.52) $1.35 $1.42 $1.07 $1.29 ($0.35) $0.35 $2.09
Adjusted Weighted Average Diluted Shares Outstanding		 14.50M 14.40M 14.60M 14.90M 16.90M 16.90M 17.20M 17.10M 15.40M 17.10M 17.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($1.67) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.60M 14.60M 14.90M 15M 15.10M 15.20M 15.37M 15.45M 15.51M 15.55M 15.83M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -8.61 3.78 2.66 24 24 17 19 0.21 10 41
Normalized NOPAT Margin		 -20.64% -4.42% 1.48% 0.92% 7.88% 7.48% 4.75% 4.99% 0.05% 2.60% 10.34%
Pre Tax Income Margin		 -39.72% -12.32% -2.43% -2.70% 7.46% 6.76% 5.27% 5.75% -1.29% 1.36% 9.17%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -2.88 -1.05 0.47 0.33 2.97 2.73 4.47 5.15 0.06 2.06 8.52
NOPAT to Interest Expense		 -2.02 -0.74 0.33 0.23 2.97 2.73 4.47 5.15 0.04 2.02 8.47
EBIT Less CapEx to Interest Expense		 -3.05 -1.23 0.27 0.09 2.76 2.38 4.09 4.40 -0.68 1.24 7.79
NOPAT Less CapEx to Interest Expense		 -2.19 -0.92 0.13 0.00 2.76 2.38 4.09 4.40 -0.70 1.20 7.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -2.04% 0.00% -7.16% -39.47% 9.71% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Root, Inc. (ROOT) has shown a multi-year growth trajectory in revenue with improving cash flow generation, alongside meaningful progress on reducing long‑term debt. However, quarterly profitability has been uneven, and the company remains notably leveraged. Below are the 10 most important points drawn from the last four years of quarterly statements (income, cash flow, and balance sheet).

  • Revenue growth in 2025: Quarterly revenue rose from 349.4 million in Q1 2025 to 397.0 million in Q4 2025, implying about a 13–14% sequential expansion across the year (Q1 2025: 349.4M; Q4 2025: 397.0M).
  • Solid operating cash flow in 2025: Net cash from continuing operating activities increased over the year, with 70.1M in Q4 2025, 57.6M in Q3 2025, 52.0M in Q2 2025, and 26.8M in Q1 2025.
  • Healthy cash balance recently: Cash & equivalents around 653.3M at Q3 2025 (roughly 0.65B), with a generally high level of liquidity across 2025.
  • Debt reduction trend: Long-term debt declined to about 200.4M by Q3 2025 from around 300+M in 2024, indicating meaningful leverage reduction.
  • Gross margin generally resilient, with some compression in 2025: Total gross profit in Q4 2025 was 151.1M on 397.0M revenue (about 38%), vs 134.9M on 326.7M in Q4 2024 (about 41%). Margin has hovered in the mid‑30s to low‑40s range over the period.
  • Leverage remains elevated: Total liabilities in the 1.23–1.26B range vs. equity in the 0.25–0.32B range across 2025 quarters, implying a higher debt-to-equity setup.
  • Redeemable noncontrolling interest appears on the books: Redeemable NCI around 112M in recent quarters, which is a structural item to watch for future earnings and capital allocation.
  • Profitability is volatile: Net income swingy across 2025 quarters (Q4 2025: 5.3M; Q3 2025: -5.4M; Q2 2025: 22.0M; Q1 2025: -6.2M), indicating uneven quarterly profitability.
  • Operating margin remains modest: 2025 Q4 operating income of 10.5M on 397.0M revenue yields a margin around 2.6%, with other quarters showing even smaller margins as operating expenses rise.
  • Earnings per share are volatile: Diluted EPS fluctuates, including a notable negative print in Q3 2025 (-0.35) and smaller positives in other quarters (Q2 2025 1.29, Q4 2025 0.35).
05/14/26 09:22 AM ETAI Generated. May Contain Errors.

Root Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Root's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Root's net income appears to be on a downward trend, with a most recent value of $40.30 million in 2025, falling from -$69.10 million in 2018. The previous period was $30.90 million in 2024. Find out what analysts predict for Root in the coming months.

Root's total operating income in 2025 was $61.80 million, based on the following breakdown:
  • Total Gross Profit: $592.90 million
  • Total Operating Expenses: $531.10 million

Over the last 7 years, Root's total revenue changed from $43.30 million in 2018 to $1.52 billion in 2025, a change of 3,403.7%.

Root's total liabilities were at $1.28 billion at the end of 2025, a 8.3% increase from 2024, and a 135.7% increase since 2019.

In the past 6 years, Root's cash and equivalents has ranged from $391.70 million in 2019 to $1.11 billion in 2020, and is currently $669.30 million as of their latest financial filing in 2025.

Over the last 7 years, Root's book value per share changed from 0.00 in 2018 to 18.33 in 2025, a change of 1,833.1%.


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Financial statements for NASDAQ:ROOT last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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