Root Inc. (ROOT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
80 E RICH STREET COLUMBUS, OH 43215 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 649,200 | 679,600 | 637,900 | 630,700 | 679,400 | 762,500 | |||
| Cash and cash equivalents | 640,500 | 678,700 | 635,300 | 628,000 | 679,300 | 762,100 | |||
| Short-term investments | 8,700 | 900 | 2,600 | 2,700 | 100 | 400 | |||
| Total current assets: | 649,200 | 679,600 | 637,900 | 630,700 | 679,400 | 762,500 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,500 | 4,300 | |||||||
| Property, plant and equipment | 2,800 | 5,500 | |||||||
| Long-term investments and receivables | 207,300 | 165,900 | 164,500 | 160,000 | 126,400 | 128,400 | |||
| Long-term investments | 207,300 | 165,900 | 164,500 | 160,000 | 126,400 | 128,400 | |||
| Total noncurrent assets: | 207,300 | 172,200 | 164,500 | 160,000 | 126,400 | 138,200 | |||
| Other undisclosed assets | 575,800 | 495,900 | 437,800 | 404,200 | 395,300 | 412,200 | |||
| TOTAL ASSETS: | 1,432,300 | 1,347,700 | 1,240,200 | 1,194,900 | 1,201,100 | 1,312,900 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,154,600 | 1,070,000 | 951,100 | 868,500 | 845,400 | 923,800 | |||
| Total liabilities: | 1,154,600 | 1,070,000 | 951,100 | 868,500 | 845,400 | 923,800 | |||
| Temporary equity, carrying amount | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 165,700 | 165,700 | 177,100 | 214,400 | 243,700 | 277,100 | |||
| Additional paid in capital | 1,890,400 | 1,883,400 | 1,874,900 | 1,865,700 | 1,857,100 | 1,850,700 | |||
| Accumulated other comprehensive loss | (3,300) | (2,500) | (6,600) | (5,900) | (4,700) | (5,800) | |||
| Accumulated deficit | (1,721,400) | (1,715,200) | (1,691,200) | (1,645,400) | (1,608,700) | (1,567,800) | |||
| Total equity: | 165,700 | 165,700 | 177,100 | 214,400 | 243,700 | 277,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,432,300 | 1,347,700 | 1,240,200 | 1,194,900 | 1,201,100 | 1,312,900 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 254,900 | 194,800 | 115,300 | 74,800 | 70,100 | 71,300 | ||
| Premiums earned, net | 230,300 | 176,000 | 100,000 | 63,900 | 60,000 | 64,300 | ||
| Other income | 700 | 900 | 100 | 300 | 200 | (12,900) | ||
| Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (6,600) | |||||||
| Other undisclosed gross profit | (35,100) | (22,500) | ||||||
| Gross profit: | 248,300 | 159,700 | 115,300 | 74,800 | 70,100 | 48,800 | ||
| Operating expenses | (249,500) | (207,100) | (149,300) | (100,000) | (99,900) | (128,100) | ||
| Other undisclosed operating income | 6,600 | 35,100 | 22,500 | |||||
| Operating income (loss): | 5,400 | (12,300) | (34,000) | (25,200) | (29,800) | (56,800) | ||
| Interest and debt expense | (11,600) | (11,700) | (11,800) | (11,500) | (11,100) | (10,600) | ||
| Net loss available to common stockholders, diluted: | (6,200) | (24,000) | (45,800) | (36,700) | (40,900) | (67,400) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (6,200) | (24,000) | (45,800) | (36,700) | (40,900) | (67,400) | ||
| Comprehensive loss: | (6,200) | (24,000) | (45,800) | (36,700) | (40,900) | (67,400) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (800) | 4,100 | (700) | (1,200) | 1,100 | 1,100 | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,000) | (19,900) | (46,500) | (37,900) | (39,800) | (66,300) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.