For the twelve months ended Sep 30, 2026, Root Inc. reported $1.56B of revenue and $81.00M of net income.
ROOT revenue was $381.30M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.7% from a year earlier and down 2.0% from the prior quarter. For the full fiscal 2025 it was $1.52B, up 29.0% from fiscal 2024. Compound annual growth was +34.3% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.
ROOT net income was $14.40M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$5.40M a year earlier and down 43.3% from the prior quarter. For the full fiscal 2025 it was $40.30M, up 30.4% from fiscal 2024. Fiscal 2025 is the highest of the 8 fiscal years on file.
ROOT diluted EPS was $0.86 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.35 a year earlier and down 42.3% from the prior quarter. For the full fiscal 2025 it was $2.36, up 29.0% from fiscal 2024.
ROOT free cash flow was $70.10M in fiscal Q4 2025 (ended Dec 31, 2025), up 1.3% from a year earlier and up 21.7% from the prior quarter. For the full fiscal 2025 it was $206.50M, up 5.7% from fiscal 2024. Fiscal 2025 is the highest of the 8 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.18B | $455.00M | $310.80M | $345.40M | $346.80M | $290.20M | $43.30M |
| Selling, general and admin | $96.90M | $69.50M | $83.30M | $127.40M | $97.60M | $78.50M | $43.00M | $9.30M |
| Operating income | $61.80M | $78.50M | -$101.30M | -$263.10M | -$485.20M | -$285.30M | -$260.10M | - |
| Interest expense | $21.00M | $42.20M | $46.10M | $34.60M | $20.00M | $77.70M | $22.30M | $900.0K |
| Pre-tax income | $40.80M | $30.90M | -$147.40M | -$297.70M | -$521.10M | -$363.00M | -$282.40M | -$69.10M |
| Income tax | $500.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $40.30M | $30.90M | -$147.40M | -$297.70M | -$521.10M | -$363.00M | -$282.40M | -$69.10M |
| EPS, basic | $2.49 | $1.96 | -$10.24 | -$21.11 | -$37.76 | -$86.43 | -$149.94 | -$49.14 |
| EPS, diluted | $2.36 | $1.83 | -$10.24 | -$21.11 | -$37.76 | -$86.43 | -$149.94 | -$49.14 |
| Diluted shares | 17.1M | 16.9M | 14.4M | 14.1M | 13.8M | 4.2M | 1.9M | 1.4M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $669.30M | $600.30M | $679.70M | $763.10M | $707.00M | $1.11B | $416.60M | $122.30M |
| Total assets | $1.67B | $1.50B | $1.35B | $1.31B | $1.32B | $1.76B | $728.60M | - |
| Total debt | $200.30M | $200.10M | $299.00M | $295.40M | $0 | $188.20M | $192.20M | - |
| Total liabilities | $1.28B | $1.18B | $1.07B | $923.80M | $670.90M | $729.90M | $542.20M | - |
| Shareholders' equity | $284.30M | $203.70M | $165.70M | $277.10M | $536.40M | $1.03B | -$374.00M | -$102.70M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $206.50M | $195.70M | -$33.60M | -$210.60M | -$403.40M | -$287.20M | -$127.20M | -$26.10M |
| Capital expenditures | $0 | $400.0K | $200.0K | $0 | $4.60M | $1.80M | $6.60M | $1.20M |
| Free cash flow | $206.50M | $195.30M | -$33.80M | -$210.60M | -$408.00M | -$289.00M | -$133.80M | -$27.30M |
| Investing cash flow | -$91.70M | -$154.40M | -$45.70M | -$16.60M | $76.90M | -$114.10M | -$114.00M | -$20.60M |
| Financing cash flow | -$25.20M | -$120.70M | -$4.10M | $283.30M | -$80.30M | $1.10B | $535.50M | $150.90M |
| Share repurchases | - | - | - | $0 | $0 | $200.0K | $0 | $0 |
| Stock-based compensation | $40.10M | $18.50M | $17.30M | $30.50M | $19.30M | $3.70M | $1.40M | $100.0K |
| Depreciation and amortization | $11.80M | $14.90M | $12.60M | $13.80M | $16.60M | $15.60M | $4.90M | $600.0K |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 29.0% | 158.6% | 46.4% | -10.0% | -0.4% | 19.5% | 570.2% | - |
| Net income growth, YoY | 30.4% | - | - | - | - | - | - | - |
| EPS growth, YoY | 29.0% | - | - | - | - | - | - | - |
| Operating margin | 4.1% | 6.7% | -22.3% | -84.7% | -140.5% | -82.3% | -89.6% | - |
| Net margin | 2.7% | 2.6% | -32.4% | -95.8% | -150.9% | -104.7% | -97.3% | -159.6% |
| Free cash flow margin | 13.6% | 16.6% | -7.4% | -67.8% | -118.1% | -83.3% | -46.1% | -63.0% |
| Return on equity | 14.2% | 15.2% | -89.0% | -107.4% | -97.1% | -35.2% | - | - |
| Return on assets | 2.4% | 2.1% | -10.9% | -22.7% | -39.5% | -20.6% | -38.8% | - |
| Debt to equity | 0.70 | 0.98 | 1.80 | 1.07 | 0.00 | 0.18 | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $381.30M | $389.20M | $393.50M | $397.00M | $387.80M | $382.90M | $349.40M | $326.70M | $305.70M | $289.20M | $254.90M | $194.80M |
| Selling, general and admin | $21.30M | $15.50M | $24.50M | $27.00M | $25.80M | $23.60M | $20.50M | $16.80M | $17.50M | $18.10M | $17.10M | $20.10M |
| Operating income | $18.30M | $34.60M | $40.90M | $10.50M | $300.0K | $27.30M | $23.70M | $34.90M | $34.40M | $3.80M | $5.40M | -$12.30M |
| Interest expense | $3.80M | $4.10M | $4.80M | $5.10M | $5.30M | $5.30M | $5.30M | $7.40M | $11.60M | $11.60M | $11.60M | $11.70M |
| Pre-tax income | $14.50M | $25.60M | $36.10M | $5.40M | -$5.00M | $22.00M | $18.40M | $22.10M | $22.80M | -$7.80M | -$6.20M | -$24.00M |
| Income tax | $100.0K | $200.0K | $200.0K | $100.0K | $400.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $14.40M | $25.40M | $35.90M | $5.30M | -$5.40M | $22.00M | $18.40M | $22.10M | $22.80M | -$7.80M | -$6.20M | -$24.00M |
| EPS, basic | $0.90 | $1.54 | $2.19 | $0.33 | -$0.35 | $1.36 | $1.15 | $1.45 | $1.45 | -$0.52 | -$0.42 | -$1.65 |
| EPS, diluted | $0.86 | $1.49 | $2.09 | $0.35 | -$0.35 | $1.29 | $1.07 | $1.42 | $1.35 | -$0.52 | -$0.42 | -$1.65 |
| Diluted shares | 16.8M | 17.0M | 17.2M | - | 15.4M | 17.1M | 17.2M | - | 16.9M | 14.9M | 14.6M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $596.30M | $509.60M | $597.20M | $669.30M | $654.40M | $642.50M | $610.50M | $600.30M | $675.80M | $668.20M | $641.50M | $679.70M |
| Total assets | $1.67B | $1.67B | $1.68B | $1.67B | $1.64B | $1.59B | $1.59B | $1.50B | $1.56B | $1.50B | $1.43B | $1.35B |
| Total debt | $197.50M | $197.80M | $200.30M | $200.30M | $200.40M | $200.10M | $200.00M | $200.10M | $300.90M | $300.10M | $299.30M | $299.00M |
| Total liabilities | $1.23B | $1.23B | $1.25B | $1.28B | $1.27B | $1.23B | $1.24B | $1.18B | $1.27B | $1.23B | $1.15B | $1.07B |
| Shareholders' equity | $327.00M | $327.90M | $325.90M | $284.30M | $265.00M | $244.50M | $228.70M | $203.70M | $181.90M | $151.30M | $165.70M | $165.70M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $47.30M | $57.50M | $9.30M | $70.10M | $57.60M | $52.00M | $26.80M | $69.20M | $49.40M | $62.60M | $14.50M | $46.10M |
| Capital expenditures | - | - | - | $0 | $0 | $0 | $0 | $0 | $0 | $200.0K | $200.0K | $0 |
| Free cash flow | - | - | - | $70.10M | $57.60M | $52.00M | $26.80M | $69.20M | $49.40M | $62.40M | $14.30M | $46.10M |
| Investing cash flow | $66.30M | -$59.70M | -$86.60M | -$32.50M | -$41.60M | -$3.80M | -$13.80M | -$40.30M | -$39.80M | -$22.00M | -$52.30M | $500.0K |
| Financing cash flow | -$16.80M | -$31.90M | -$3.70M | -$2.10M | -$4.10M | -$16.20M | -$2.80M | -$104.40M | -$2.00M | -$13.90M | -$400.0K | -$3.20M |
| Share repurchases | $15.50M | - | - | - | $0 | - | - | - | - | - | - | - |
| Stock-based compensation | $8.90M | $5.00M | $11.00M | $13.70M | $11.60M | $8.40M | $6.40M | $5.80M | $4.30M | $3.80M | $4.60M | $4.90M |
| Depreciation and amortization | $4.60M | $2.70M | $3.10M | $3.10M | $4.70M | $2.00M | $2.00M | $2.80M | $5.20M | $4.00M | $2.90M | $4.40M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.7% | 1.6% | 12.6% | 21.5% | 26.9% | 32.4% | 37.1% | 67.7% | 165.1% | 286.6% | 263.6% | 173.2% |
| Net income growth, YoY | - | 15.5% | 95.1% | -76.0% | - | - | - | - | - | - | - | - |
| EPS growth, YoY | - | 15.5% | 95.3% | -75.4% | - | - | - | - | - | - | - | - |
| Operating margin | 4.8% | 8.9% | 10.4% | 2.6% | 0.1% | 7.1% | 6.8% | 10.7% | 11.3% | 1.3% | 2.1% | -6.3% |
| Net margin | 3.8% | 6.5% | 9.1% | 1.3% | -1.4% | 5.7% | 5.3% | 6.8% | 7.5% | -2.7% | -2.4% | -12.3% |
| Free cash flow margin | - | - | - | 17.7% | 14.9% | 13.6% | 7.7% | 21.2% | 16.2% | 21.6% | 5.6% | 23.7% |
| Debt to equity | 0.60 | 0.60 | 0.61 | 0.70 | 0.76 | 0.82 | 0.87 | 0.98 | 1.65 | 1.98 | 1.81 | 1.80 |
Source: XBRL data Root Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-18, first reported Nov 9, 2022.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ROOT | $1.56B | +7.9% | $81.00M | 5.2% | $665.7M |
| LMND | $1.12B | +69.5% | -$144.60M | -13.0% | $3.06B |
| PGR | $91.73B | +7.7% | $11.62B | 12.7% | $134.27B |
| HIPO | $542.60M | +20.6% | $32.00M | 5.9% | $966.1M |
| ALL | $70.23B | +5.1% | $11.61B | 16.5% | $64.61B |
| HGTY | $1.38B | -3.8% | $60.12M | 4.4% | $5.82B |