NASDAQ$ROOT

Root Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

ROOT Q1 2024 — $26.8M revenue, 0.42 EPS

The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described. Root Inc reported Q1 2024 results. Diluted EPS came in at $0.42. Net income of $166.4. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $26.8M.
  • Diluted EPS: $0.42.
  • Net income: $166.4.
  • Gross profit: $63.9.

Headline financials

Total Revenue

$255M

Previous: $70.1M+263.6%
EPS

-$0.42

Previous: -$2.88+85.4%
Capital Expenditures

-$200K

No prior period
Free Cash Flow

-$6.4M

Previous: -$40.9M+84.4%
Net Income

-$6.2M

Previous: -$40.9M+84.8%
Operating Income

$5.4M

Previous: -$29.8M+118.1%
Gross Profit

$248M

Previous: $70.1M+254.2%
Cash & Equivalents

$641M

Previous: $679M-5.7%
Total Assets

$1.43B

Previous: $1.2B+19.2%
Stock-Based Comp

$4.6M

Previous: $2.5M+84.0%

Revenue & EPS history

Root · Revenue · Quarterly

$255M

Q1 2024+263.6%vs Q1 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.8%

Avg return

Earnings day

+6.6%

Avg return

5 days after

+21.5%

Avg return

30 days after

54%

13 / 24 earnings

Positive

+72.8%

Q3 2024

Best reaction

-25.4%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+3.2%-2.6%
Q4 2025-5.3%-21.8%-28.1%
Q3 2025-8.8%-3.2%-9.9%
Q1 2025+0.9%+7.4%+8.4%
Q4 2024+25.6%+34.1%+38.7%
Q3 2024+72.8%+79.3%+152.2%
Q2 2024-22.2%-15.5%-30.8%
Q1 2024+4.6%-15.7%-21.9%
Q4 2023+46.5%+150.9%+492.7%
Q3 2023+13.9%+11.1%+16.7%
Q2 2023+0.5%-11.3%+8.0%
Q1 2023+21.4%+37.8%+23.9%
Q4 2022-2.7%-16.2%-26.3%
Q3 2022+9.7%+10.4%-21.2%
Q2 2022-25.4%-31.2%-55.8%
Q1 2022+15.1%+15.1%-14.5%
Q4 2021+6.5%+17.5%+32.5%
Q3 2021+16.8%+1.6%-31.9%
Q2 2020-23.9%-19.2%-6.7%
Q2 2021-19.4%-19.9%-6.7%
Q1 2021-9.1%-10.1%+29.6%
Q4 2020-17.3%-17.0%-12.1%
Q4 2019-15.9%-8.7%-7.6%
Q3 2020-16.9%-19.4%-11.2%
Q1 2020
Q3 2019
Q2 2019
Q1 2019

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