ROOT Q3 2024 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q3 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$306M+165.1% YoY

Gross Profit

$99M32.3% margin

Operating Income

$23M7.5% margin

Net Income

$23M7.5% margin

EPS (Diluted)

$1.35

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$49M

Free Cash Flow

$47M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.4B

Stockholders' Equity

$182M

Cash & Equivalents

$675M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$306M	$115M	+165.1%
Gross Profit	$99M	$11M	+782.1%
Operating Income	$23M	-$46M	+149.8%
Net Income	$23M	-$46M	+149.8%