ROOT, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.18B | $455.0M | $310.8M | $345.4M | $346.8M | $290.2M | $43.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $96.9M | $69.5M | $83.3M | $127.4M | $97.6M | $78.5M | $43.0M | $9.3M |
| Operating Income | $61.8M | $78.5M | $-101.3M | $-263.1M | $-485.2M | $-285.3M | $-260.1M | $-68.2M |
| Operating Margin | 4.1% | 6.7% | -22.3% | -84.7% | -140.5% | -82.3% | -89.6% | -157.5% |
| Interest Expense | — | — | $46.1M | $34.6M | $20.0M | $77.7M | $22.3M | $900.0K |
| Pretax Income | $40.8M | $30.9M | $-147.4M | $-297.7M | $-521.1M | $-363.0M | $-282.4M | $-69.1M |
| Income Tax Expense | $500.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $40.3M | $30.9M | $-147.4M | $-297.7M | $-521.1M | $-363.0M | $-282.4M | $-69.1M |
| Net Margin | 2.7% | 2.6% | -32.4% | -95.8% | -150.9% | -104.7% | -97.3% | -159.6% |
| EPS (Basic) | $2.49 | $1.96 | $-10.24 | $-21.11 | $-37.76 | $-28.81 | $-2.78 | $-0.91 |
| EPS (Diluted) | $2.36 | $1.83 | $-10.24 | $-21.11 | $-37.76 | $-28.81 | $-2.78 | $-0.91 |
| Shares Outstanding (Basic) | 15.4M | 14.9M | 14.4M | 14.1M | 13.8M | 12.6M | 101.7M | — |
| Shares Outstanding (Diluted) | 17.1M | 16.9M | 14.4M | 14.1M | 13.8M | 12.6M | 101.7M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |