Root, Inc.
ROOTFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,177
Cost of Revenue
839
Gross Profit
337
Gross Margin
28.7%
Operating Income
31
Operating Margin
2.6%
Net Income
31
Net Margin
2.6%
EPS (Basic)
$1.96
EPS (Diluted)
$1.83
EBITDA
88
EBITDA Margin
7.5%
2023
12/31/2023
Revenue
455
Cost of Revenue
379
Gross Profit
76
Gross Margin
16.7%
Operating Income
-147
Operating Margin
-32.4%
Net Income
-147
Net Margin
-32.4%
EPS (Basic)
$-10.24
EPS (Diluted)
$-10.24
EBITDA
-89
EBITDA Margin
-19.5%
2022
12/31/2022
Revenue
311
Cost of Revenue
343
Gross Profit
-32
Gross Margin
-10.4%
Operating Income
-298
Operating Margin
-95.8%
Net Income
-298
Net Margin
-95.8%
EPS (Basic)
$-21.11
EPS (Diluted)
$-21.11
EBITDA
-249
EBITDA Margin
-80.2%
2021
12/31/2021
Revenue
345
Cost of Revenue
397
Gross Profit
-52
Gross Margin
-15.0%
Operating Income
-521
Operating Margin
-150.9%
Net Income
-521
Net Margin
-150.9%
EPS (Basic)
$-37.62
EPS (Diluted)
$-37.62
EBITDA
-485
EBITDA Margin
-140.3%
2020
12/31/2020
Revenue
347
Cost of Revenue
361
Gross Profit
-14
Gross Margin
-4.1%
Operating Income
-363
Operating Margin
-104.7%
Net Income
-363
Net Margin
-104.7%
EPS (Basic)
$-86.43
EPS (Diluted)
$-86.43
EBITDA
-270
EBITDA Margin
-77.8%