ROOTRoot, Inc.

$619M

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$75M-7.0% YoY

Gross Profit

$13M17.0% margin

Operating Income

-$37M-49.1% margin

Net Income

-$37M-49.1% margin

EPS (Diluted)

$-2.55

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$13M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$981M

Stockholders' Equity

$214M

Cash & Equivalents

$628M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$80M	-7.0%
Gross Profit	$13M	-$8M	+269.3%
Operating Income	-$37M	-$96M	+61.6%
Net Income	-$37M	-$96M	+61.6%

ROOT Q2 2023 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena