NASDAQ$ROOT

Root Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

ROOT Q3 2024 — $20.9M revenue

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 Q3 2024 results. Net income of $184.5. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $20.9M.
  • Net income: $184.5.
  • Gross profit: $98.8.

Headline financials

Total Revenue

$306M

Previous: $115M+165.1%
EPS

$1.35

Previous: -$3.16+142.7%
Capital Expenditures

-$400K

Previous: -$200K-100.0%
Free Cash Flow

$22.4M

Previous: -$46M+148.7%
Net Income

$22.8M

Previous: -$45.8M+149.8%
Operating Income

$34.4M

Previous: -$34M+201.2%
Gross Profit

$282M

Previous: $115M+144.5%
Cash & Equivalents

$675M

Previous: $635M+6.2%
Total Assets

$1.56B

Previous: $1.24B+25.9%
Stock-Based Comp

$4.3M

Previous: $4.7M-8.5%

Revenue & EPS history

Root · Revenue · Quarterly

$306M

Q3 2024+165.1%vs Q3 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 Q3 2024

Historical avgQ3 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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