ROOT Q3 2022 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$601M

Q3 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$74M-21.4% YoY

Gross Profit

-$8M-11.3% margin

Operating Income

-$66M-90.1% margin

Net Income

-$66M-90.1% margin

EPS (Diluted)

$-4.71

QoQ Revenue Growth

-8.3%

Cash Flow

Operating Cash Flow

-$59M

Free Cash Flow

-$61M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.1B

Stockholders' Equity

$331M

Cash & Equivalents

$820M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$74M	$94M	-21.4%
Gross Profit	-$8M	$94M	-108.8%
Operating Income	-$66M	-$127M	+47.7%
Net Income	-$66M	-$133M	+50.1%