ROOT Q4 2022 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q4 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$71M-23.5% YoY

Gross Profit

-$4M-5.8% margin

Operating Income

-$67M-94.5% margin

Net Income

-$67M-94.5% margin

EPS (Diluted)

$-4.13

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$48M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.0B

Stockholders' Equity

$277M

Cash & Equivalents

$762M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$71M	$93M	-23.5%
Gross Profit	-$4M	-$23M	+82.3%
Operating Income	-$67M	-$110M	+38.7%
Net Income	-$67M	-$110M	+38.7%