Root, Inc. Financials
Root, Inc. (ROOT) reported $1.5B in revenue for fiscal year 2025, up 29.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Root’s shift from loss-making expansion to cash-generating scale continued, while FY2025 growth came with narrower operating margins.
At$1.5B of FY2025 revenue, operating margin eased to4.1% from the prior year; scale is expanding faster than operating earnings, indicating a less efficient incremental revenue mix or cost base. Operating cash flow and free cash flow both stood near$207M , so earnings quality is unusually visible: accounting profitability is converting into cash without material capital-expenditure drag.
By FY2025, debt-to-equity was 0.7x versus 1.8x two years earlier, showing leverage has fallen materially as the company moved through its turnaround. Total equity reached
Cash returned to
Financial Health Signals
Root, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Root, Inc. passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Root, Inc. generates $5.16 in operating cash flow ($206.5M OCF vs $40.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Root, Inc. earns $2.94 in operating income for every $1 of interest expense ($61.8M vs $21.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Root, Inc. generated $1.5B in revenue in fiscal year 2025. This represents an increase of 29.0% from the prior year.
Root, Inc.'s EBITDA was $73.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.2% from the prior year.
Root, Inc. reported $40.0M in net income in fiscal year 2025. This represents an increase of 29.0% from the prior year.
Root, Inc. earned $2.36 per diluted share (EPS) in fiscal year 2025. This represents an increase of 29.0% from the prior year.
Cash & Balance Sheet
Root, Inc. generated $206.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.7% from the prior year.
Root, Inc. held $669.3M in cash against $200.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Root, Inc.'s operating margin was 4.1% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Root, Inc.'s net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Root, Inc.'s ROE was 14.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Root, Inc. reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ROOT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B+29.0% | $1.2B+158.6% | $455.0M+46.4% | $310.8M-10.0% | $345.4M-0.4% | $346.8M+19.5% | $290.2M+570.2% | $43.3M |
| SG&A Expenses | $92.8M | $96.9M+39.4% | $69.5M-16.6% | $83.3M-34.6% | $127.4M+30.5% | $97.6M+24.3% | $78.5M+82.6% | $43.0M+362.4% | $9.3M |
| Operating Income | $86.3M | $61.8M-21.3% | $78.5M+177.5% | -$101.3M+61.5% | -$263.1M+45.8% | -$485.2M-70.1% | -$285.3M-9.7% | -$260.1M | N/A |
| Interest Expense | $19.3M | $21.0M-50.2% | $42.2M-8.5% | $46.1M+33.2% | $34.6M+73.0% | $20.0M-74.3% | $77.7M+248.4% | $22.3M+2377.8% | $900K |
| Income Tax | $900K | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $60.9M | $40.0M+29.0% | $31.0M+121.1% | -$147.0M+50.7% | -$298.0M+42.8% | -$521.0M-43.5% | -$363.0M-28.5% | -$282.4M-308.7% | -$69.1M |
| EPS (Diluted) | — | $2.36+29.0% | $1.83+117.9% | -$10.24+51.5% | -$21.11+44.1% | -$37.76 | -$86.43 | -$8.33 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ROOT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+12.0% | $1.5B+11.0% | $1.3B+2.7% | $1.3B-0.5% | $1.3B-25.1% | $1.8B+141.9% | $728.6M | N/A |
| Cash & Equivalents | $669.3M+11.7% | $599.3M-11.7% | $678.7M-10.9% | $762.1M+7.9% | $706.0M-36.6% | $1.1B+184.1% | $391.7M+220.3% | $122.3M |
| Total Liabilities | $1.3B+8.3% | $1.2B+10.3% | $1.1B+15.8% | $923.8M+37.7% | $670.9M-8.1% | $729.9M-33.8% | $1.1B | N/A |
| Long-Term Debt | $200.3M+0.1% | $200.1M-33.1% | $299.0M+1.2% | $295.4M | N/A | $188.2M-2.1% | $192.2M | N/A |
| Total Equity | $284.3M+39.6% | $203.7M+22.9% | $165.7M-40.2% | $277.1M-48.3% | $536.4M-48.0% | $1.0B+375.8% | -$374.0M-264.2% | -$102.7M |
| Retained Earnings | -$1.6B+2.4% | -$1.7B+1.9% | -$1.7B-9.4% | -$1.6B-23.4% | -$1.3B-69.8% | -$748.0M-94.3% | -$385.0M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
ROOT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $194.5M | $206.5M+5.5% | $195.7M+682.4% | -$33.6M+84.0% | -$210.6M+47.8% | -$403.4M-40.5% | -$287.2M-125.8% | -$127.2M-387.4% | -$26.1M |
| Capital Expenditures | N/A | $0-100.0% | $400K+100.0% | $200K | $0-100.0% | $4.6M+155.6% | $1.8M-72.7% | $6.6M+450.0% | $1.2M |
| Free Cash Flow | N/A | $206.5M+5.7% | $195.3M+677.8% | -$33.8M+84.0% | -$210.6M+48.4% | -$408.0M-41.2% | -$289.0M-116.0% | -$133.8M-390.1% | -$27.3M |
| Investing Cash Flow | -$220.4M | -$91.7M+40.6% | -$154.4M-237.9% | -$45.7M-175.3% | -$16.6M-121.6% | $76.9M+167.4% | -$114.1M-0.1% | -$114.0M-453.4% | -$20.6M |
| Financing Cash Flow | -$41.8M | -$25.2M+79.1% | -$120.7M-2843.9% | -$4.1M-101.4% | $283.3M+452.8% | -$80.3M-107.3% | $1.1B+105.1% | $535.5M+254.9% | $150.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $200K | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ROOT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.1%-2.6pp | 6.7%+28.9pp | -22.3%+62.4pp | -84.7% | -140.5% | -82.3%+7.4pp | -89.6% | N/A |
| Net Margin | 2.6%0.0pp | 2.6%+34.9pp | -32.3%+63.6pp | -95.9% | -150.8% | -104.7% | -97.3% | -159.6% |
| Return on Equity | 14.1%-1.2pp | 15.2%+103.9pp | -88.7%+18.8pp | -107.5%-10.4pp | -97.1%-61.9pp | -35.2% | N/A | N/A |
| Return on Assets | 2.4%+0.3pp | 2.1%+13.0pp | -10.9%+11.8pp | -22.7%+16.8pp | -39.5%-18.9pp | -20.6%+18.2pp | -38.8% | N/A |
| Debt-to-Equity | 0.70-0.3x | 0.98-0.8x | 1.80+0.7x | 1.07-0.2x | 1.25+1.1x | 0.18 | N/A | N/A |
| FCF Margin | 13.6%-3.0pp | 16.6%+24.0pp | -7.4%+60.3pp | -67.8% | -118.1% | -83.3%-37.2pp | -46.1%+16.9pp | -63.0% |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Root, Inc. Ranks
Frequently Asked Questions
What is Root, Inc.'s annual revenue?
Root, Inc. (ROOT) reported $1.5B in total revenue for fiscal year 2025. This represents a 29.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Root, Inc.'s revenue growing?
Root, Inc. (ROOT) revenue grew by 29.0% year-over-year, from $1.2B to $1.5B in fiscal year 2025.
Is Root, Inc. profitable?
Yes, Root, Inc. (ROOT) reported a net income of $40.0M in fiscal year 2025, with a net profit margin of 2.6%.
What is Root, Inc.'s EBITDA?
Root, Inc. (ROOT) had EBITDA of $73.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Root, Inc. have?
As of fiscal year 2025, Root, Inc. (ROOT) had $669.3M in cash and equivalents against $200.3M in long-term debt.
What is Root, Inc.'s operating margin?
Root, Inc. (ROOT) had an operating margin of 4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Root, Inc.'s net profit margin?
Root, Inc. (ROOT) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Root, Inc.'s return on equity (ROE)?
Root, Inc. (ROOT) has a return on equity of 14.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Root, Inc.'s free cash flow?
Root, Inc. (ROOT) generated $206.5M in free cash flow during fiscal year 2025. This represents a 5.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Root, Inc.'s operating cash flow?
Root, Inc. (ROOT) generated $206.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Root, Inc.'s total assets?
Root, Inc. (ROOT) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Root, Inc.'s capital expenditures?
Root, Inc. (ROOT) reported no capital expenditure during fiscal year 2025.
What is Root, Inc.'s debt-to-equity ratio?
Root, Inc. (ROOT) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Root, Inc.'s return on assets (ROA)?
Root, Inc. (ROOT) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Root, Inc.'s Piotroski F-Score?
Root, Inc. (ROOT) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Root, Inc.'s earnings high quality?
Root, Inc. (ROOT) has an earnings quality ratio of 5.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Root, Inc. cover its interest payments?
Root, Inc. (ROOT) has an interest coverage ratio of 2.94x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.