Root, Inc. (ROOT) [Rocket]

Overview

Root, Inc. (ROOT)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/04/2023	4	Bonakdarpour Mahtiyar (Chief Technology Officer) has filed a Form 4 on Root, Inc.
10/04/2023	4	Timm Alexander E. (CEO) has filed a Form 4 on Root, Inc.
10/04/2023	4	Allison Jonathan (Chief Administrative Officer) has filed a Form 4 on Root, Inc.
10/04/2023	4	Binkley Megan (CFO) has filed a Form 4 on Root, Inc.
08/24/2023	4	Bonakdarpour Mahtiyar (Chief Technology Officer) has filed a Form 4 on Root, Inc.
08/18/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
08/18/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-05-19	Dec-31-18	Dec-05-18
Revenues	310.8	345.4	346.8	290.2	290.2	43.3	43.3
Revenue growth	-10.0%	-0.4%	19.5%	570.2%	570.2%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	310.8	345.4	346.8	290.2	290.2	43.3	43.3
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Sales and marketing	48.0	270.2	139.7	109.6	109.6	40.3	40.3
Research and development	55.5	65.5	52.9	24.0	24.0	8.2	8.2
General and administrative	127.4	97.6	78.5	43.0	43.0	9.3	9.3
EBIT	-263.1	-485.2	-285.3	-260.1	-260.1	-68.2	-68.2
EBIT margin	-84.7%	-140.5%	-82.3%	-89.6%	-89.6%	-157.5%	-157.5%
Pre-tax income	-297.7	-521.1	-363.0	-282.4	-282.4	-69.1	-69.1
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-297.7	-521.1	-363.0	-282.4	-282.4	-69.1	-69.1
Net margin	-95.8%	-150.9%	-104.7%	-97.3%	-97.3%	-159.6%	-159.6%

Diluted EPS	($21.11)	($37.76)	($86.43)	($8.33)		($2.73)
Shares outstanding (diluted)	14.1	13.8	4.2	33.9		25.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.