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Friday 6 November 2026
Export ROOT’s income statement to Excel — free account
Root, Inc.
ROOT Financial Insurance Property & Casualty
Root, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 29.0% from fiscal 2024.
- Revenue
- −1.68%
- EPS
- +367.2%
- Free cash flow
- −18.1%
- Total debt
- −1.45%
Quarter to September 2026, against a year earlier
43.37
2.91
−6.29%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 43 | 290 | 347 | 345 | 311 | 455 | 1,177 | 1,517 | 1,561 | +66.2% | 1,104 | 1,099 | 1,144 | (9.0%) | |
| Gross margin, % | — | — | (0.46) | (10.75) | (4.61) | (13.58) | (12.93) | 27.19 | 37.70 | 39.08 | 39.44 | +39.5 pt | ||||||
| EBT | — | — | (69) | (282) | (363) | (521) | (298) | (147) | 31 | 41 | 82 | n/m | ||||||
| EBT margin, % | — | — | (159.58) | (97.31) | (104.67) | (150.87) | (95.79) | (32.40) | 2.63 | 2.69 | 5.23 | +162.3 pt | ||||||
| Net income | — | — | (69) | (282) | (363) | (521) | (298) | (147) | 31 | 40 | 81 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 30.78 | 153.97 | 82.57 | 25.03 | 22.04 | 31.60 | 78.96 | 98.51 | 101.36 | +18.1% | |||||
| Earnings | — | — | (49.12) | (149.83) | (86.51) | (37.95) | (21.11) | (10.24) | 1.96 | 2.49 | 5.00 | n/m | ||||||
| Cash flow | — | — | (18.55) | (67.49) | (68.38) | (29.23) | (14.94) | (2.33) | 13.13 | 13.41 | 11.96 | n/m | ||||||
| Capex | — | — | (2.49) | (6.42) | (3.83) | (0.81) | (0.72) | (0.65) | (0.79) | (0.92) | (1.03) | (13.3%) | ||||||
| Free cash flow | — | — | (21.04) | (73.91) | (72.21) | (30.04) | (15.65) | (2.99) | 12.34 | 12.49 | 10.94 | n/m | ||||||
| Book value | — | — | 0.00 | 98.90 | 245.81 | 46.99 | 27.60 | 19.28 | 21.19 | 25.73 | 28.51 | n/m | ||||||
| Shares, m | — | — | 1 | 2 | 4 | 14 | 14 | 14 | 15 | 15 | 16 | +40.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.41 | 29.01 | 8.68 | 8.4 | |||||
| P/S | — | — | 2.79 | 2.79 | 3.42 | 2.23 | 0.20 | 0.33 | 0.92 | 0.73 | 0.43 | 1.7 | ||||||
| P/B | — | — | 0.00 | 0.00 | 1.15 | 1.44 | 0.22 | 0.91 | 5.31 | 3.91 | 2.04 | 1.6 | ||||||
| EV/Sales | — | — | 2.80 | 2.80 | 0.76 | 0.21 | (1.31) | (0.51) | 0.58 | 0.41 | — | 0.7 | ||||||
| EV/FCF | — | — | (6.59) | (6.59) | (0.89) | (0.18) | 1.84 | 5.19 | 3.73 | 3.26 | — | 0.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | (26) | (127) | (287) | (403) | (211) | (34) | 196 | 207 | 184 | n/m | |||||
| Capex | — | — | (3) | (12) | (16) | (11) | (10) | (9) | (12) | (14) | (16) | +22.0% | ||||||
| Free cash flow | — | — | (30) | (139) | (303) | (415) | (221) | (43) | 184 | 192 | 168 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 240 | 950 | 480 | 515 | 412 | 210 | 205 | 94 | (2.6%) | |||||
| Net debt | — | — | 15 | (224) | (926) | (697) | (468) | (381) | (400) | (490) | (474) | n/m | ||||||
| Shareholders’ equity | — | — | — | 186 | 1,032 | 648 | 389 | 278 | 316 | 396 | 439 | +13.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (77.52) | (29.15) | (33.82) | (22.62) | (11.08) | 2.05 | 2.42 | 4.67 | +2.4 pt | |||||
| ROIC | — | — | (284.17) | 0.00 | (166.96) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | +284.2 pt | ||||||
| ROE | — | — | 0.00 | 118.41 | (110.27) | (66.43) | (73.19) | (66.58) | 15.81 | 15.70 | 26.15 | +15.7 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 1,007 | 1,571 | 765 | 680 | 1,021 | 1,256 | — | +4.5% | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.34 | 0.22 | 0.41 | 0.67 | 1.15 | 1.21 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Root, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BOW Bowhead Specialty Holdings Inc. | $1.1B | 19.0× | 17.0× | +19.34% (above 0%: growing) | −12.71% (below 0%: shrinking) | +68.59% (above 0%: growing) | 29.41% | 13.72% | Compare |
| HRTG Heritage Insurance Holdings, Inc. | $998.3M | 4.7× | 6.7× | +3.19% (above 0%: growing) | +5.52% (above 0%: growing) | −92.47% (below 0%: shrinking) | 0.00% | 31.58% | Compare |
| HIPO Hippo Holdings Inc. | $926.2M | 28.6× | 31.6× | +29.35% (above 0%: growing) | −91.48% (below 0%: shrinking) | +414.93% (above 0%: growing) | 100.00% | 6.47% | Compare |
| OIG Orion180 Insurance Group Inc. | $874.5M | — | — | — | — | — | — | — | Compare |
| DGICA Donegal Group, Inc. | $732.0M | 9.6× | 10.3× | −3.36% (below 0%: shrinking) | +29.79% (above 0%: growing) | −33.25% (below 0%: shrinking) | 0.00% | 9.42% | Compare |
| ROOT Root, Inc. | $716.7M | 8.7× | 11.5× | −1.68% (below 0%: shrinking) | n/m | −18.06% (below 0%: shrinking) | 38.79% | 4.80% | |
| AII American Integrity Insurance Group, Inc. | $530.6M | 6.0× | 7.6× | +54.59% (above 0%: growing) | +7.41% (above 0%: growing) | +345.10% (above 0%: growing) | 56.10% | 40.31% | Compare |
| ACIC American Coastal Insurance Corporation | $485.4M | 5.5× | 11.6× | −21.78% (below 0%: shrinking) | −38.66% (below 0%: shrinking) | −54.47% (below 0%: shrinking) | 53.61% | 40.15% | Compare |
| DGICB Donegal Group, Inc. | $446.3M | 14.4× | 10.3× | −3.36% (below 0%: shrinking) | +17.02% (above 0%: growing) | −33.25% (below 0%: shrinking) | 0.00% | 9.42% | Compare |
| Median of peers | $803.2M | 9.6× | 10.3× | +3.19% | +5.52% | −33.25% | 29.41% | 13.72% |
Pay and ownership Proxy statement filed 24 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 8.16m | 14.11m | 25.54 |
| 2024 | 10.65m | 33.63m | 25.67 |
| 2023 | 8.69m | 9.71m | 3.71 |
| 2022 | 5.13m | (3.00m) | 1.59 |
| 2021 | 5.78m | (25.19m) | 19.73 |
Ownership
Directors and executive officers, together
36.10% of the votes
Alexander Timm .........................................................
32.90% of the votes
Entities associated with Ribbit Capital .......................
23.70% of the votes
Carvana Group, LLC ..................................................
2.40% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement