ROOT Q3 2023 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$115M+56.4% YoY

Gross Profit

$11M9.7% margin

Operating Income

-$46M-39.7% margin

Net Income

-$46M-39.7% margin

EPS (Diluted)

$-3.16

QoQ Revenue Growth

+54.1%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$13M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$1.1B

Stockholders' Equity

$177M

Cash & Equivalents

$635M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$115M	$74M	+56.4%
Gross Profit	$11M	-$8M	+234.9%
Operating Income	-$46M	-$66M	+31.0%
Net Income	-$46M	-$66M	+31.0%