ROOT (Root, Inc.) Stock Financials & Earnings | Market Cap Arena

ROOT (Root, Inc.) Stock Financials & Earnings | Market Cap Arena

ROOTRoot, Inc.

Mkt Cap$619M

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.5B

Net Income (TTM)$40M

EPS (TTM)$2.32

Free Cash Flow (TTM)$201M

Gross Margin39.1%

Op. Margin3.0%

Net Margin2.7%

FCF Margin13.2%

P/S Ratio (TTM)0.4x

P/E Ratio (TTM)15.4x

YoY Rev Growth+29.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$70M	$6M	-$41M
Q2 23	$75M	$13M	-$37M
Q3 23	$115M	$11M	-$46M
Q4 23	$195M	$47M	-$24M
Q1 24	$255M	$64M	-$6M
Q2 24	$289M	$71M	-$8M
Q3 24	$306M	$99M	$23M
Q4 24	$327M	$104M	$22M
Q1 25	$349M	$107M	$18M
Q2 25	$383M	$102M	$22M
Q3 25	$388M	$81M	-$5M
Q4 25	$397M	$303M	$11M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.1x	—
Q2 23	2.1x	—
Q3 23	1.9x	—
Q4 23	1.4x	—
Q1 24	1.0x	—
Q2 24	0.7x	—
Q3 24	0.6x	—
Q4 24	0.5x	20.0x
Q1 25	0.5x	11.2x
Q2 25	0.5x	7.3x
Q3 25	0.4x	10.8x
Q4 25	0.4x	15.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$84M	-$86M
Q2 23	-$11M	-$13M
Q3 23	$15M	$13M
Q4 23	$46M	$44M
Q1 24	$15M	$12M
Q2 24	$63M	$60M
Q3 24	$49M	$47M
Q4 24	$69M	$65M
Q1 25	$27M	$25M
Q2 25	$52M	$52M
Q3 25	$58M	$54M
Q4 25	$70M	$70M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$3M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$3M
Q3 24	$2M
Q4 24	$4M
Q1 25	$2M
Q2 25	$0
Q3 25	$4M
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-17.9%	-31.9%
Q2 23	-7.0%	-36.6%
Q3 23	+56.4%	+15.0%
Q4 23	+173.2%	+57.8%
Q1 24	+263.6%	+135.2%
Q2 24	+286.6%	+166.4%
Q3 24	+165.1%	+75.6%
Q4 24	+67.7%	+39.2%
Q1 25	+37.1%	+26.8%
Q2 25	+32.4%	+21.5%
Q3 25	+26.9%	+38.8%
Q4 25	+21.5%	+26.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	9.8%
Q2 23	$9M	12.2%
Q3 23	$10M	8.4%
Q4 23	$9M	4.6%
Q1 24	$7M	2.9%
Q2 24	$5M	1.7%
Q3 24	$4M	1.4%
Q4 24	$6M	1.8%
Q1 25	$6M	1.8%
Q2 25	$8M	2.2%
Q3 25	$29M	7.4%
Q4 25	$14M	3.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	—	$22M	$4M
Q2 23	—	$21M	$6M
Q3 23	—	$21M	$13M
Q4 23	—	$20M	$27M
Q1 24	—	$17M	$30M
Q2 24	—	$18M	$34M
Q3 24	—	$18M	$34M
Q4 24	—	$17M	$37M
Q1 25	—	$21M	$52M
Q2 25	—	$24M	$37M
Q3 25	—	$26M	$41M
Q4 25	$13M	$27M	$46M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$679M	$127M	$806M
Q2 23	$628M	$163M	$791M
Q3 23	$635M	$167M	$802M
Q4 23	$679M	$167M	$846M
Q1 24	$641M	$216M	$857M
Q2 24	$667M	$236M	$903M
Q3 24	$675M	$275M	$950M
Q4 24	$599M	$307M	$906M
Q1 25	$609M	$321M	$930M
Q2 25	$641M	$323M	$964M
Q3 25	$653M	$358M	$1.0B
Q4 25	$263M	$0	$263M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	14M	+0.7%
Q2 23	14M	+1.4%
Q3 23	15M	+0.7%
Q4 23	15M	+0.7%
Q1 24	15M	+0.0%
Q2 24	15M	+2.1%
Q3 24	17M	+13.4%
Q4 24	17M	+0.6%
Q1 25	17M	+1.2%
Q2 25	17M	-0.6%
Q3 25	15M	-9.9%
Q4 25	17M	+11.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	$220K	2K
FY 22	$406K	765
FY 23	$669K	680
FY 24	$1M	1K
FY 25	$1M	1K