Root, Inc. (ROOT) Income Statement
ROOT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsROOT revenue and net income
Where ROOT's revenue goes
2025Each bar shows an amount and its share of revenue. ROOT kept 2.7% of revenue as net income.
ROOT profit margins
ROOT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +29.0% | +69.6% | +34.3% | — |
| Gross profit | +14.7% | — | — | — |
| Operating income | +32.0% | — | — | — |
| Net income | +30.4% | — | — | — |
| EPS (diluted) | +48.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ROOT quarterly EPS vs estimates
Root beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.66).
ROOT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.18B | $455.0M | $310.8M | $345.4M | $346.8M | $290.2M | $43.3M |
| Cost of revenue | $1.13B | $839.4M | $378.9M | $343.0M | $397.3M | $361.0M | $373.7M | $53.7M |
| Gross profit | $386.6M | $337.1M | $76.1M | −$32.2M | −$51.9M | −$14.2M | −$83.5M | −$10.4M |
| Research & development | $53.1M | $53.3M | $44.8M | $55.5M | $65.5M | $52.9M | — | — |
| Sales, general & admin | $271.7M | $205.3M | $132.6M | $175.4M | $367.8M | $218.2M | $152.6M | $49.6M |
| Total operating expenses | $345.8M | $306.2M | $223.5M | $265.5M | $469.2M | $348.8M | $198.9M | $58.7M |
| Operating income | $40.8M | $30.9M | −$147.4M | −$297.7M | −$521.1M | −$363.0M | −$282.4M | −$69.1M |
| Interest income | $40.1M | $41.5M | $32.8M | $8.1M | $3.5M | $5.9M | $5.6M | $1.3M |
| Interest expense | $21.0M | $42.2M | $46.1M | $34.6M | $20.0M | $77.7M | $22.3M | $900,000 |
| Income before taxes | $40.8M | $30.9M | −$147.4M | −$297.7M | −$521.1M | −$363.0M | −$282.4M | −$69.1M |
| Income taxes | −$500,000 | $30.9M | −$155.2M | −$303.9M | $16.4M | −$368.4M | −$282.4M | $438,859 |
| Net income | $40.3M | $30.9M | −$147.4M | −$297.7M | −$521.1M | −$363.0M | −$282.4M | −$69.1M |
| EBITDA | $73.6M | $88.0M | −$88.7M | −$249.3M | −$484.5M | −$269.7M | −$255.2M | −$67.6M |
| EPS (diluted) | $2.34 | $1.58 | −$9.36 | −$20.55 | −$36.54 | −$52.75 | −$24.83 | −$0.38 |
| Gross margin | 25.5% | 28.7% | 16.7% | −10.4% | −15.0% | −4.1% | −28.8% | −24.0% |
| Operating margin | 2.7% | 2.6% | −32.4% | −95.8% | −150.9% | −104.7% | −97.3% | −159.6% |
| Net margin | 2.7% | 2.6% | −32.4% | −95.8% | −150.9% | −104.7% | −97.3% | −159.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $389.2M | $393.5M | $397.0M | $387.8M | $382.9M | $349.4M | $326.7M | $305.7M | $289.2M | $254.9M | $194.8M | $115.3M |
| Cost of revenue | $239.9M | $226.2M | $300.6M | $306.4M | $281.2M | $242.3M | $223.1M | $206.9M | $218.4M | $191.0M | $148.1M | $104.1M |
| Gross profit | $149.3M | $167.3M | $96.4M | $81.4M | $101.7M | $107.1M | $103.6M | $98.8M | $70.8M | $63.9M | $46.7M | $11.2M |
| Research & development | $15.5M | $15.2M | $13.3M | $14.7M | $13.7M | $11.4M | $14.7M | $12.9M | $14.7M | $11.0M | $12.4M | $11.1M |
| Sales, general & admin | $40.8M | $51.8M | $72.6M | $66.4M | $60.7M | $72.0M | $54.0M | $51.5M | $52.3M | $47.5M | $46.6M | $34.1M |
| Total operating expenses | $123.7M | $131.2M | $91.0M | $86.4M | $79.7M | $88.7M | $81.5M | $76.0M | $78.6M | $70.1M | $70.7M | $57.0M |
| Operating income | $25.6M | $36.1M | $5.4M | −$5.0M | $22.0M | $18.4M | $22.1M | $22.8M | −$7.8M | −$6.2M | −$24.0M | −$45.8M |
| Interest income | $10.1M | $10.0M | $10.3M | $10.5M | $9.9M | $9.4M | $9.9M | $11.3M | $10.5M | $9.8M | $9.7M | $9.3M |
| Interest expense | $4.1M | $4.8M | $5.1M | $5.3M | $5.3M | $5.3M | $7.4M | $11.6M | $11.6M | $11.6M | $11.7M | $11.8M |
| Income before taxes | $25.6M | $36.1M | $5.4M | −$5.0M | $22.0M | $18.4M | $22.1M | $22.8M | −$7.8M | −$6.2M | −$24.0M | −$45.8M |
| Income taxes | $200,000 | $200,000 | −$900,000 | $400,000 | $1.1M | — | $1.2M | $1.1M | −$11.6M | −$7.6M | −$28.4M | −$2.6M |
| Net income | $25.4M | $35.9M | $5.3M | −$5.4M | $22.0M | $18.4M | $22.1M | $22.8M | −$7.8M | −$6.2M | −$24.0M | −$45.8M |
| EBITDA | $32.4M | $44.0M | $13.6M | $5.0M | $29.3M | $25.7M | $32.3M | $39.6M | $7.8M | $8.3M | −$7.9M | −$31.3M |
| EPS (diluted) | $1.42 | $2.10 | $0.39 | −$0.35 | $1.23 | $1.07 | $1.24 | $1.25 | −$0.50 | −$0.41 | −$1.64 | −$3.16 |
| Gross margin | 38.4% | 42.5% | 24.3% | 21.0% | 26.6% | 30.7% | 31.7% | 32.3% | 24.5% | 25.1% | 24.0% | 9.7% |
| Operating margin | 6.6% | 9.2% | 1.4% | −1.3% | 5.7% | 5.3% | 6.8% | 7.5% | −2.7% | −2.4% | −12.3% | −39.7% |
| Net margin | 6.5% | 9.1% | 1.3% | −1.4% | 5.7% | 5.3% | 6.8% | 7.5% | −2.7% | −2.4% | −12.3% | −39.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ROOT's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ROOT financial results
In fiscal year 2025 (ended December 31, 2025), Root reported revenue of $1.5 billion, up 29.0% from the year before. It had net income of $40.3 million (up 30.4%), a net profit margin of 2.7%. Diluted earnings per share came to $2.34. Over five years revenue grew at an average rate of 34.3% a year.
See the ROOT stock overview for the latest quote and news, or the ROOT chart for price history and technical indicators.
ROOT income statement FAQ
What is Root's annual revenue?
Root reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 29.0% from $1.2 billion the previous year.
Is Root profitable?
Yes. Root reported net income of $40.3 million in fiscal 2025, a net profit margin of 2.7%; its operating margin was 2.7%.
What is Root's gross margin?
Root's gross margin was 25.5% in fiscal 2025: for every $100 of revenue, Root kept $25 after the direct cost of its products and services.
How much does Root spend on research and development?
Root spent $53.1 million on research and development in fiscal 2025, 3.5% of revenue.
How fast is Root growing?
Revenue grew 34.3% a year on average over the last five fiscal years, from $346.8 million to $1.5 billion.
What are Root's earnings per share?
Root earned $2.34 per diluted share in fiscal 2025, compared with $1.58 a year earlier.
When will Root report its next earnings?
Root is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Root's fiscal year end?
Root's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.