Root, Inc. (ROOT)

Root, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	639.8	455	310.8	345.4	346.8	290.2
Revenue Growth (YoY)	116.51%	46.40%	-10.02%	-0.40%	19.50%	570.21%
Cost of Revenue	434.4	331.3	351	392.3	362.8	321.4
Gross Profit	205.4	123.7	-40.2	-46.9	-16	-31.2
Selling, General & Admin	155	132.6	175.4	367.8	218.2	152.6
Research & Development	45.6	44.8	55.5	65.5	52.9	24
Other Operating Expenses	70.9	47.6	-8	5	-1.8	52.3
Operating Expenses	271.5	225	222.9	438.3	269.3	228.9
Operating Income	-66.1	-101.3	-263.1	-485.2	-285.3	-260.1
Interest Expense / Income	46.6	46.1	34.6	20	77.7	22.3
Other Expense / Income	-	-	-	15.9	-	-
Pretax Income	-112.7	-147.4	-297.7	-521.1	-363	-282.4
Net Income	-112.7	-147.4	-297.7	-521.1	-363	-282.4
Shares Outstanding (Basic)	15	14	14	14	4	2
Shares Outstanding (Diluted)	15	14	14	14	4	2
Shares Change	2.82%	2.13%	2.17%	228.57%	123.05%	33.93%
EPS (Basic)	-7.80	-10.24	-21.11	-37.76	-86.43	-149.94
EPS (Diluted)	-7.80	-10.24	-21.11	-37.76	-86.43	-149.94
Free Cash Flow	55.4	-43	-219.4	-414.6	-294.4	-139.3
Free Cash Flow Per Share	3.79	-2.99	-15.56	-30.04	-70.09	-73.98
Gross Margin	32.10%	27.19%	-12.93%	-13.58%	-4.61%	-10.75%
Operating Margin	-10.33%	-22.26%	-84.65%	-140.47%	-82.27%	-89.63%
Profit Margin	-17.61%	-32.40%	-95.79%	-150.87%	-104.67%	-97.31%
Free Cash Flow Margin	8.66%	-9.45%	-70.59%	-120.03%	-84.89%	-48.00%
EBITDA	-53.3	-88.7	-249.3	-484.5	-269.7	-255.2
EBITDA Margin	-8.33%	-19.49%	-80.21%	-140.27%	-77.77%	-87.94%
Depreciation & Amortization	12.8	12.6	13.8	16.6	15.6	4.9
EBIT	-66.1	-101.3	-263.1	-501.1	-285.3	-260.1
EBIT Margin	-10.33%	-22.26%	-84.65%	-145.08%	-82.27%	-89.63%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).