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ROOT - Root, Inc.

NASDAQ -> Financial Services -> Insurance—Property & Casualty
Columbus, United States
Type: Equity

ROOT price evolution
ROOT
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $679.7 $636.3 $629 $680.3
Short term investments
Net receivables $420.6 $361.7 $331.5 $317
Inventory
Total current assets $48.2 $36.1 $73.7 $74.1
Long term investments
Property, plant & equipment
Goodwill & intangible assets
Total noncurrent assets
Total investments $171.2 $171.5 $167.1 $130.9
Total assets $1347.7 $1240.2 $1194.9 $1201.1
Current liabilities
Accounts payable $120 $119.6 $128.2 $111.9
Deferred revenue $283.7 $218.9 $154.6 $141.1
Short long term debt
Total current liabilities $81.7 $55.7 $37.8 $26
Long term debt $291.1 $290.4 $297.4 $296.3
Total noncurrent liabilities
Total debt $299 $298.3 $297.4 $296.3
Total liabilities $1070 $951.1 $868.5 $845.4
Shareholders' equity
Retained earnings -$1715.2 -$1691.2 -$1645.4 -$1608.7
Other shareholder equity -$2.5 -$6.6 -$5.9 -$4.7
Total shareholder equity $165.7 $177.1 $214.4 $243.7
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $679.7 $763.1 $707 $1113.8
Short term investments
Net receivables $420.6 $334.9 $403.9 $367.7
Inventory
Total current assets $48.2 $74.2 $100.8 $112.8
Long term investments
Property, plant & equipment $6.3 $9.8 $15.4 $8.9
Goodwill & intangible assets
Total noncurrent assets
Total investments $171.2 $133.2 $134.6 $224.5
Total assets $1347.7 $1312.9 $1319.3 $1762.3
Current liabilities
Accounts payable $120 $159.5 $130.7 $137.1
Deferred revenue $283.7 $136.5 $180.1 $157.1
Short long term debt
Total current liabilities $81.7 $50.2 $43.2 $147.5
Long term debt $291.1 $295.4 $88.7
Total noncurrent liabilities
Total debt $299 $295.4 $188.2
Total liabilities $1070 $923.8 $670.9 $729.9
Shareholders' equity
Retained earnings -$1715.2 -$1567.8 -$1270.1 -$748
Other shareholder equity -$2.5 -$5.8 $0.4 $5.6
Total shareholder equity $165.7 $277.1 $536.4 $1032.4
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $194.8 $115.3 $74.8 $70.1
Cost of revenue $122.7 $85.8 $59.5 $63.3
Gross Profit $72.1 $29.5 $15.3 $6.8
Operating activities
Research & development $12.4 $11.1 $11.1 $10.2
Selling, general & administrative $46.6 $34.1 $26.8 $25.1
Total operating expenses $84.4 $63.5 $40.5 $36.6
Operating income -$12.3 -$34 -$25.2 -$29.8
Income from continuing operations
EBIT -$12.3 -$34 -$25.2 -$29.8
Income tax expense
Interest expense $11.7 $11.8 $11.5 $11.1
Net income
Net income -$24 -$45.8 -$36.7 -$40.9
Income (for common shares) -$24 -$45.8 -$36.7 -$40.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $455 $310.8 $345.4 $346.8
Cost of revenue $331.3 $351 $392.3 $362.8
Gross Profit $123.7 -$40.2 -$46.9 -$16
Operating activities
Research & development $44.8 $55.5 $65.5 $52.9
Selling, general & administrative $132.6 $175.4 $367.8 $218.2
Total operating expenses $225 $222.9 $438.3 $269.3
Operating income -$101.3 -$263.1 -$485.2 -$285.3
Income from continuing operations
EBIT -$101.3 -$263.1 -$501.1 -$285.3
Income tax expense
Interest expense $46.1 $34.6 $20 $77.7
Net income
Net income -$147.4 -$297.7 -$521.1 -$363
Income (for common shares) -$147.4 -$297.7 -$521.1 -$363
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$24 -$45.8 -$36.7 -$40.9
Operating activities
Depreciation $4.4 $2.7 $2.8 $2.7
Business acquisitions & disposals
Stock-based compensation $9 $9.7 $9.1 $6.9
Total cash flows from operations $46.1 $14.6 -$10.6 -$83.7
Investing activities
Capital expenditures -$2.1 -$2 -$2.8 -$2.5
Investments $2.6 -$5 -$37.3 $3.4
Total cash flows from investing $0.5 -$7 -$40.1 $0.9
Financing activities
Dividends paid
Sale and purchase of stock -$0.2 -$0.3 -$0.6
Net borrowings
Total cash flows from financing -$3.2 -$0.3 -$0.6
Effect of exchange rate
Change in cash and equivalents $43.4 $7.3 -$51.3 -$82.8
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$147.4 -$297.7 -$521.1 -$363
Operating activities
Depreciation $12.6 $13.8 $16.6 $15.6
Business acquisitions & disposals
Stock-based compensation $34.7 $45 $28.1 $3.7
Total cash flows from operations -$33.6 -$210.6 -$403.4 -$287.2
Investing activities
Capital expenditures -$9.4 -$8.8 -$11.2 -$7.2
Investments -$36.3 -$6.5 $88.1 -$98
Total cash flows from investing -$45.7 -$16.6 $76.9 -$114.1
Financing activities
Dividends paid
Sale and purchase of stock -$1.1 $0.3 $3.2 $1097.9
Net borrowings $286 -$199.5 -$1.5
Total cash flows from financing -$4.1 $283.3 -$80.3 $1098.5
Effect of exchange rate
Change in cash and equivalents -$83.4 $56.1 -$406.8 $697.2
Fundamentals
Market cap $1.60B
Enterprise value $1.22B
Shares outstanding 28.60M
Revenue $455.00M
EBITDA -$88.70M
EBIT -$101.30M
Net Income -$147.40M
Revenue Q/Q 173.21%
Revenue Y/Y 46.40%
P/E ratio -10.87
EV/Sales 2.69
EV/EBITDA -13.78
EV/EBIT -12.06
P/S ratio 3.52
P/B ratio 9.53
Book/Share 5.88
Cash/Share 23.77
EPS -$5.15
ROA -11.83%
ROE -73.62%
Debt/Equity 6.46
Net debt/EBITDA -4.40
Current ratio 0.59
Quick ratio 0.59