ROOT FY 2023 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

FY 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$455M+46.4% YoY

Gross Profit

$76M16.7% margin

Operating Income

-$147M-32.4% margin

Net Income

-$147M-32.4% margin

EPS (Diluted)

$-10.24

Cash Flow

Operating Cash Flow

-$34M

Free Cash Flow

-$43M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.2B

Stockholders' Equity

$166M

Cash & Equivalents

$679M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$455M	$311M	+46.4%
Gross Profit	$76M	-$32M	+336.3%
Operating Income	-$147M	-$298M	+50.5%
Net Income	-$147M	-$298M	+50.5%