ROOT Q2 2024 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$289M+286.6% YoY

Gross Profit

$71M24.5% margin

Operating Income

-$8M-2.7% margin

Net Income

-$8M-2.7% margin

EPS (Diluted)

$-0.52

QoQ Revenue Growth

+13.5%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$60M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.3B

Stockholders' Equity

$151M

Cash & Equivalents

$667M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$289M	$75M	+286.6%
Gross Profit	$71M	$13M	+457.5%
Operating Income	-$8M	-$37M	+78.7%
Net Income	-$8M	-$37M	+78.7%