ROOT Q1 2023 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$70M-17.9% YoY

Gross Profit

$6M7.8% margin

Operating Income

-$41M-58.3% margin

Net Income

-$41M-58.3% margin

EPS (Diluted)

$-2.88

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

-$84M

Free Cash Flow

-$86M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$957M

Stockholders' Equity

$244M

Cash & Equivalents

$679M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$70M	$85M	-17.9%
Gross Profit	$6M	-$12M	+144.7%
Operating Income	-$41M	-$78M	+47.2%
Net Income	-$41M	-$78M	+47.2%