ROOT Q1 2024 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$255M+263.6% YoY

Gross Profit

$64M25.1% margin

Operating Income

-$6M-2.4% margin

Net Income

-$6M-2.4% margin

EPS (Diluted)

$-0.42

QoQ Revenue Growth

+30.9%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$12M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.3B

Stockholders' Equity

$166M

Cash & Equivalents

$641M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$255M	$70M	+263.6%
Gross Profit	$64M	$6M	+1061.8%
Operating Income	-$6M	-$41M	+84.8%
Net Income	-$6M	-$41M	+84.8%