Root
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Root's past years’ income statements indicate that its last revenue has increased compared to the previous period by 46% to $455,000,000. Profit margin reached -32%. Total operating expenses were $556,300,000.
Profit Margin
| 2018 | 43.3M | -69.1M | -159.58% |
|---|---|---|---|
| 2019 | 290.2M | -282.4M | -97.31% |
| 2020 | 346.8M | -363M | -104.67% |
| 2021 | 345.4M | -521.1M | -150.87% |
| 2022 | 310.8M | 6.2M | 1.99% |
| 2023 | 455M | -147.4M | -32.4% |
ROOT Income Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue | 455M | 310.8M | 345.4M | 346.8M | 290.2M | 43.3M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 455M | 310.8M | 345.4M | 346.8M | 290.2M | 43.3M |
Operating exp. | ||||||
Research and development | 0 | 55.5M | 65.5M | 52.9M | 0 | 0 |
Selling and marketing | 49.3M | 48M | 270.2M | 139.7M | 109.6M | 40.3M |
Total operating expenses | 556.3M | 573.9M | -873.3M | -709.8M | -572.6M | -111.5M |
Operating income | -101.3M | -263.1M | -527.9M | -363M | -282.4M | -68.2M |
Other income (expenses), net | -46.1M | -34.6M | 6.8M | -1.41B | -282.4M | -900K |
Income before tax | -147.4M | -297.7M | -521.1M | -363M | -282.4M | -69.1M |
Income tax expense | 0 | -303.9M | 0 | -368.4M | -282.4M | 0 |
Net income | -147.4M | 6.2M | -521.1M | -363M | -282.4M | -69.1M |
Earnings per share | ||||||
Basic EPS | -10.24 | 0.44 | -37.64 | -86.54 | -20.05 | -6.08 |
Diluted EPS | -10.24 | 0.44 | -37.64 | -86.54 | -20.05 | -6.08 |
| Data source | Data source | Data source | Data source |