ROOT Q2 2020 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$601M

Q2 2020 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$121M+133.2% YoY

Gross Profit

$9M7.2% margin

Operating Income

-$39M-32.0% margin

Net Income

-$39M-32.0% margin

EPS (Diluted)

$-3.42

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$17M

Stock-Based Comp.

$500,000

Balance Sheet

Total Assets

$707M

Total Liabilities

$612M

Stockholders' Equity

$95M

Cash & Equivalents

$241M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$52M	+133.2%
Gross Profit	$9M	$52M	-83.1%
Operating Income	-$39M	-$47M	+17.6%
Net Income	-$39M	-$49M	+19.8%