ROOT (ROOT) financial statements
ROOT reported revenue of $1.5B in fiscal 2025, up 66.2% a year over 7 years.
Net income was $40M.
Free cash flow was $192M.
The diluted share count fell 32% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ROOT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43M | $290M | $347M | $345M | $311M | $455M | $1.2B | $1.5B |
| Selling, general and admin | $50M | $153M | $218M | $368M | $175M | $133M | $205M | $272M |
| Operating income | — | -$260M | -$285M | -$485M | -$263M | -$101M | $78M | $62M |
| Interest expense | $900,000 | $22M | $78M | $20M | $35M | $46M | $42M | $21M |
| Pre-tax income | -$69M | -$282M | -$363M | -$521M | -$298M | -$147M | $31M | $41M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500,000 |
| Net income | -$69M | -$282M | -$363M | -$521M | -$298M | -$147M | $31M | $40M |
| EPS (diluted) | -$2.73 | -$8.33 | -$86.43 | -$37.76 | -$21.11 | -$10.24 | $1.83 | $2.36 |
| Diluted shares | 25M | 34M | 4M | 14M | 14M | 14M | 17M | 17M |
| Operating margin | — | -89.6% | -82.3% | -140.5% | -84.7% | -22.3% | 6.7% | 4.1% |
| Net margin | -159.6% | -97.3% | -104.7% | -150.9% | -95.8% | -32.4% | 2.6% | 2.7% |
Balance sheet
Fiscal years, from ROOT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $122M | $395M | $1.1B | $706M | $762M | $680M | $599M | $669M |
| Receivables | — | $123M | $130M | $148M | $112M | $247M | $305M | $333M |
| Property, plant and equipment | — | $10M | $9M | $10M | $6M | $3M | $2M | $1M |
| Total assets | — | $729M | $1.8B | $1.3B | $1.3B | $1.3B | $1.5B | $1.7B |
| Total liabilities | — | $542M | $730M | $671M | $924M | $1.1B | $1.2B | $1.3B |
| Shareholders' equity | -$103M | -$374M | $1.0B | $536M | $277M | $166M | $204M | $284M |
| Net debt | -$122M | -$392M | -$1.1B | -$706M | -$762M | -$679M | -$599M | -$669M |
Cash flow
Fiscal years, from ROOT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26M | -$127M | -$287M | -$403M | -$211M | -$34M | $196M | $206M |
| Capital spending | $4M | $12M | $7M | $11M | $9M | $9M | $12M | $14M |
| Free cash flow | -$30M | -$139M | -$294M | -$415M | -$219M | -$43M | $184M | $192M |
| Stock-based compensation | $100,000 | $1M | $4M | $19M | $30M | $17M | $18M | $40M |
| Share buybacks (net) | $0 | $0 | -$200,000 | $0 | $0 | — | — | — |
| Net borrowing | $0 | -$16M | -$14M | -$200M | $0 | $0 | -$237M | $0 |
| Free cash flow margin | -68.4% | -48.0% | -84.9% | -120.0% | -70.6% | -9.5% | 15.6% | 12.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ROOT.
Open ROOT in InvestinglyQuestions
What was ROOT's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does ROOT generate?
$192M in fiscal 2025 (operating cash flow minus capital spending).
From ROOT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.