ROOT Q4 2023 Earnings — Root, Inc. Revenue & Financial Results | Market Cap Arena

ROOTRoot, Inc.

$619M

Q4 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$195M+173.2% YoY

Gross Profit

$47M24.0% margin

Operating Income

-$24M-12.3% margin

Net Income

-$24M-12.3% margin

EPS (Diluted)

$-1.64

QoQ Revenue Growth

+69.0%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$44M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.2B

Stockholders' Equity

$166M

Cash & Equivalents

$679M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$195M	$71M	+173.2%
Gross Profit	$47M	-$4M	+1239.0%
Operating Income	-$24M	-$67M	+64.4%
Net Income	-$24M	-$67M	+64.4%