Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
Revenue of Root, Inc. (ROOT)
Revenue in 2023 (TTM): $455 M
According to Root, Inc.'s latest financial reports the company's current revenue (TTM) is $455 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Root, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $455 M | $455 M | $-147,400,000 | $-147,400,000 | $-147,400,000 |
| 2022 | $310.8 M | $310.8 M | $-249,300,000 | $-297,700,000 | $6.2 M |
| 2021 | $345.4 M | $345.4 M | $-511,300,000 | $-521,100,000 | $-521,100,000 |
| 2020 | $346.8 M | $346.8 M | $-347,400,000 | $-363,000,000 | $-363,000,000 |
| 2019 | $290.2 M | $290.2 M | $-277,500,000 | $-282,400,000 | $-282,400,000 |
| 2018 | $43.3 M | $43.3 M | $-67,600,000 | $-69,100,000 | $-69,100,000 |