YOLFTbeta
Root Inc

Root Inc

ROOT · NASDAQ · Financial Services / Insurance - Property & Casualty

43.87USD+0.24 (+0.55%)

Price History

Full chart

Market Stats

Previous Close43.63
Open43.59
Day Range43.31 – 45.00
52-Week Range40.91 – 92.27
Volume219.62K
Market Cap734.38M
P/E (TTM)13.24
Forward P/E3.44
EPS3.58
Dividend Yield0.00%
Beta2.92
50-Day Avg54.70
200-Day Avg57.69

About

Root, Inc. provides insurance products and services in the United States. The company offers automobile and renters insurance products primarily through websites, mobile applications, and partnership channels. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Property & Casualty
  • CEOMr. Alexander Edward Timm
  • Employees1.26K
  • Headquarters80 E. Rich Street, Columbus, OH, United States, 43215, USA
  • Websitehttps://www.joinroot.com

Leadership

  • Mr. Alexander Edward TimmFounder, CEO & Chairman · b. 1989
  • Mr. Mahtiyar BonakdarpourPresident & CTO · b. 1987
  • Ms. Megan Nicole BinkleyChief Financial Officer · b. 1984
  • Mr. Jonathan Alexander AllisonChief Administrative Officer · b. 1967
  • Mr. Ryan William ForishChief Accounting Officer · b. 1983
  • Mr. Matthew Patrick LaMalvaHead of Investor Relations · b. 1987
  • Mr. Jodi Emmert BakerVP, General Counsel & Secretary
  • Ms. Kelly RuoffChief Communications Officer
  • Mr. Jason ShapiroSenior Vice President of Business Development
  • Mr. Srini SrinivasanChief Information Security Officer & Head of IT

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue43.30M290.20M346.80M345.40M310.80M455.00M1.18B1.52B
Growth (%)-+570.21%+19.50%-0.40%-10.02%+46.40%+158.57%+28.95%
Cost of Revenue53.70M373.70M361.00M397.30M343.00M378.90M839.40M1.13B
Gross Profit-10.40M-83.50M-14.20M-51.90M-32.20M76.10M337.10M386.60M
Gross Margin-24.02%-28.77%-4.09%-15.03%-10.36%16.73%28.65%25.48%
Operating Expense58.70M198.90M348.80M469.20M265.50M223.50M306.20M345.80M
Operating Income-69.10M-282.40M-363.00M-521.10M-297.70M-147.40M30.90M40.80M
Operating Margin-159.58%-97.31%-104.67%-150.87%-95.79%-32.40%2.63%2.69%
EBITDA-67.60M-255.20M-269.70M-484.50M-249.30M-88.70M88.00M73.60M
EBITDA Margin-156.12%-87.94%-77.77%-140.27%-80.21%-19.49%7.48%4.85%
Net Income-69.10M-282.40M-363.00M-521.10M-297.70M-147.40M30.90M40.30M
Net Income Margin-159.58%-97.31%-104.67%-150.87%-95.79%-32.40%2.63%2.66%
R&D--52.90M65.50M55.50M44.80M53.30M53.10M
R&D as % of Total Revenue--15.25%18.96%17.86%9.85%4.53%3.50%
Interest Expense900.00K22.30M77.70M20.00M34.60M46.10M42.20M21.00M
Interest Expense % of Total Revenue2.08%7.68%22.40%5.79%11.13%10.13%3.59%1.38%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets187.10M685.90M1.76B1.06B1.31B1.35B1.50B1.67B
Total Liabilities100.20M499.50M729.90M415.10M1.04B896.50M1.00B1.14B
Total Equity86.90M186.40M1.03B648.40M277.10M277.70M315.70M396.30M
Cash122.30M416.60M1.11B707.00M762.10M679.70M600.30M689.90M
Total Debt14.90M191.30M287.70M14.10M298.60M299.30M202.30M201.30M
Net Debt-107.40M-225.30M-934.80M-692.90M-466.70M-380.40M-398.00M-488.60M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-26.10M-127.20M-287.20M-403.40M-210.60M-33.60M195.70M206.50M
Investing Cash Flow-20.60M-114.00M-114.10M76.90M-16.60M-45.70M-154.40M-91.70M
Financing Cash Flow150.90M535.50M1.10B-80.30M283.30M-4.10M-120.70M-25.20M
Capital Expenditure3.50M12.10M16.10M11.20M10.10M9.40M11.80M14.10M
Free Cash Flow-29.60M-139.30M-303.30M-414.60M-220.70M-43.00M183.90M192.40M
Dividends Paid---126.50M286.00M-25.00M-
FCF to OCF113.41%109.51%105.61%102.78%104.80%127.98%93.97%93.17%
Dividend Paid to FCF----30.51%-129.59%-13.59%-

Earnings

Report DateSep 2, 2020Dec 2, 2020Feb 25, 2021May 6, 2021Aug 11, 2021Nov 10, 2021Feb 23, 2022Apr 27, 2022Aug 8, 2022Nov 9, 2022Feb 22, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 21, 2024Apr 30, 2024Aug 7, 2024Oct 30, 2024Feb 26, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.00-6.00-12.77-8.22-8.98-11.80-8.72-7.61-7.69-6.02-4.54-3.59-3.21-2.72-2.79-2.29-1.67-1.08-0.380.030.22-0.43-0.080.660.720.66
EPS Actual-0.19-39.60-12.96-7.20-12.96-9.54-6.84-5.40-6.48-4.54-4.13-2.17-2.39-3.16-1.64-0.41-0.501.251.241.071.23-0.350.392.101.42-
Surprise--560.00%-1.49%12.41%-44.32%19.15%21.56%29.04%15.73%24.58%9.03%39.55%25.55%-16.18%41.22%82.10%70.06%215.74%425.08%3466.67%459.09%18.60%583.42%218.18%97.22%-
Timing-Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap734.38M
Enterprise Value412.66M
Trailing P/E13.24
Forward P/E3.44
Price / Sales0.47
Price / Book2.21
EPS3.58
Book Value21.16
Revenue (TTM)1.57B
Gross Profit (TTM)616.10M
EBITDA91.40M
Profit Margin3.71%
Operating Margin8.89%
Return on Equity15.37%
Return on Assets3.31%
Shares Outstanding13.69M
Shares Float12.30M
Beta2.92
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 6 analystsTarget 60.20
  • Strong Buy
    1
  • Buy
    1
  • Hold
    4

Ownership Breakdown

Institutions
64.73%
Insiders
5.90%
Retail / Other
29.37%

Top Institutional Holders

  • Ribbit Management Company, LLC
    1.23M7.96%
  • T. Rowe Price Investment Management,Inc.
    1.19M7.65%
  • BlackRock Inc
    1.05M6.78%
  • Vanguard Capital Management, LLC
    516.63K3.33%
  • Findell Capital Management LLC
    460.00K2.97%
  • Geode Capital Management, LLC
    319.53K2.06%
  • State Street Corp
    265.94K1.72%
  • Galileo (PTC) Ltd
    252.67K1.63%
  • Renaissance Technologies Corp
    238.78K1.54%
  • Quinn Opportunity Partners LLC
    171.18K1.10%
  • Tairen Capital Ltd
    160.80K1.04%
  • Dragoneer Investment Group, LLC
    154.32K1.00%
  • The Goldman Sachs Group Inc
    149.32K0.96%
  • Morgan Stanley - Brokerage Accounts
    141.08K0.91%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    355.36K2.29%
  • iShares Russell 2000 ETF
    336.40K2.17%
  • T. Rowe Price Small-Cap Value
    325.63K2.10%
  • T. Rowe Price Small-Cap Stock
    270.75K1.75%
  • Jupiter Merian Glb Eq Abs Rt I USD Acc
    155.93K1.01%
  • T. Rowe Price Instl Small-Cap Stock
    146.73K0.95%

Stock Splits

  • Aug 15, 20221:18