Root (ROOT) stock price, revenue, and financials

Root market cap is $4.7 b, and annual revenue was $290.20 m in FY 2019

$4.7 B

ROOT Mkt cap, 20-Nov-2020

$121.4 M

Root Revenue Q2, 2020
Root Gross profit (Q2, 2020)8.8 M
Root Gross profit margin (Q2, 2020), %7.2%
Root Cash, 30-Jun-2020240.9 M
Root EV4.7 B

Root Revenue

Root revenue was $290.20 m in FY, 2019 which is a 570.2% year over year increase from the previous period.

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Root Income Statement

Annual

USDFY, 2018FY, 2019

Revenue

43.3m290.2m

Revenue growth, %

570%

Cost of goods sold

53.7m373.7m

Gross profit

(10.4m)(83.5m)

Gross profit Margin, %

(24%)(29%)

Sales and marketing expense

40.3m109.6m

R&D expense

8.2m24.0m

General and administrative expense

9.3m43.0m

Operating expense total

57.8m176.6m

Interest expense

900.0k22.3m

Pre tax profit

(69.1m)(282.4m)

Net Income

(69.1m)(282.4m)

EPS

(2.7)(8.3)

Quarterly

USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

41.4m62.7m79.6m124.0m121.4m

Cost of goods sold

58.2m70.3m116.1m141.2m112.6m

Gross profit

(16.8m)(7.6m)(36.5m)(17.2m)8.8m

Gross profit Margin, %

(41%)(12%)(46%)(14%)7%

Root Balance Sheet

Annual

USDFY, 2018FY, 2019

Cash

122.3m391.7m

Accounts Receivable

35.0m122.7m

PP&E

3.8m10.2m

Total Assets

216.0m728.6m

Accounts Payable

10.5m29.8m

Long-term debt

15.1m192.2m

Total Debt

15.1m192.2m

Total Liabilities

129.1m542.2m

Preferred Stock

189.6m560.4m

Additional Paid-in Capital

10.5m

Retained Earnings

(102.6m)(385.0m)

Total Equity

(102.7m)(374.0m)

Debt to Equity Ratio

-0.1 x-0.5 x

Debt to Assets Ratio

0.1 x0.3 x

Financial Leverage

-2.1 x-1.9 x

Quarterly

USDQ2, 2020

Cash

240.9m

Accounts Receivable

130.1m

PP&E

10.2m

Total Assets

706.8m

Accounts Payable

29.7m

Long-term debt

190.1m

Total Debt

190.1m

Total Liabilities

633.6m

Preferred Stock

560.4m

Additional Paid-in Capital

37.6m

Retained Earnings

(529.5m)

Total Equity

(487.2m)

Debt to Equity Ratio

-0.4 x

Debt to Assets Ratio

0.3 x

Financial Leverage

-1.5 x

Root Cash Flow

Annual

USDFY, 2018FY, 2019

Net Income

(69.1m)(282.4m)

Depreciation and Amortization

600.0k4.9m

Accounts Receivable

(33.7m)(96.7m)

Accounts Payable

9.0m20.0m

Cash From Operating Activities

(26.1m)(127.2m)

Purchases of PP&E

(1.2m)(6.6m)

Cash From Investing Activities

(20.6m)(114.0m)

Long-term Borrowings

(15.5m)

Cash From Financing Activities

150.9m535.5m

Net Change in Cash

104.2m294.3m

Interest Paid

800.0k4.3m

Quarterly

USDQ2, 2019Q2, 2020

Net Income

(97.0m)(144.5m)

Depreciation and Amortization

1.6m7.1m

Accounts Receivable

(46.9m)(18.6m)

Accounts Payable

6.2m(100.0k)

Cash From Operating Activities

(38.0m)(62.4m)

Purchases of PP&E

(2.7m)(1.5m)

Cash From Investing Activities

(45.6m)(99.3m)

Long-term Borrowings

(15.0m)(13.0m)

Cash From Financing Activities

92.7m(13.0m)

Net Change in Cash

9.1m(174.7m)

Interest Paid

1.2m2.3m

Root Ratios

USDFY, 2018

Revenue/Employee

335.4k

Debt/Equity

-0.1 x

Debt/Assets

0.1 x

Financial Leverage

-2.1 x

Root Operating Metrics

FY, 2018H1, 2019Q3, 2019FY, 2019H1, 2020

In-Force Policies (Auto)

111.74 k220.54 k242.63 k281.31 k334.33 k

In-Force Policies (Renters)

825 1.75 k5.97 k

Premiums per Policy (Auto)

$729 $805 $877 $904 $909

Premiums per Policy (Renters)

$122 $127 $139

In-Force Premiums (Auto)

$162.90 m$355.10 m$425.60 m$508.60 m$607.80 m

In-Force Premiums (Renters)

$100 k$200 k$800 k

Direct Written Premium

$106.40 m$187.90 m$119.50 m$451.10 m$306.50 m

Direct Earned Premium

$61.40 m$133.40 m$99.90 m$352.90 m$295.80 m

Direct Loss Ratio

93.6%96.4%113.3%99.9%81.3%

Direct LAE Ratio

16.9%10.4%12.7%12%9.5%

Root Employee Rating

3.844 votes
Culture & Values
3.8
Work/Life Balance
4
Senior Management
3.5
Salary & Benefits
3.8
Career Opportunities
3.5
Source