In Q1 FY2026 (ended March 31, 2026), Root reported revenue of $393.5 million, up 12.6% year-over-year. Net income surged 95.1% to $35.9 million, with diluted EPS of $2.09. Operating income rose 72.6% to $40.9 million. The company held $597.2 million in cash and $200.3 million in long-term debt, with equity of $325.9 million.
•Revenue grew 12.6% YoY to $393.5M.
•Net income increased 95.1% to $35.9M; diluted EPS of $2.09.
•Operating income rose 72.6% to $40.9M.
•Cash and equivalents of $597.2M; long-term debt of $200.3M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Root provides insurance products and services in the United States. The company offers automobile and renters insurance products primarily through websites, mobile applications, and partnership channels. Incorporated in 2015, Root is headquartered in Columbus, Ohio.
Root, Inc., listed under the ticker ROOT on the NasdaqGS, is a financial services company operating in the property and casualty insurance industry. The company provides insurance products and services across the United States. Its primary offerings include automobile insurance and renters insurance, which are distributed through digital channels such as its website and mobile applications, as well as through partnership channels. Root leverages technology to underwrite and price policies based on individual driving behavior, aiming to offer more personalized rates. Founded in 2015 and headquartered in Columbus, Ohio, Root focuses on a direct-to-consumer model, allowing customers to manage their policies online.
Where is Root, Inc. (ROOT) listed and in which currency?
Root, Inc. is publicly traded on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol ROOT. The company's shares are denominated in US Dollars (USD), reflecting its primary operations and headquarters in the United States. As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors on major US exchanges. The listing on NasdaqGS provides liquidity and visibility among institutional and retail investors interested in the financial services and insurance sectors.
What sector and industry does Root, Inc. (ROOT) belong to?
Root, Inc. operates within the Financial Services sector, specifically in the Insurance - Property & Casualty industry. This means the company is primarily engaged in underwriting and selling insurance policies that protect individuals against property loss (e.g., auto and renters insurance) and liability. As a property and casualty insurer, Root assumes risk in exchange for premiums and manages claims payouts. The industry is highly regulated and competitive, with companies differentiating through pricing, customer service, and distribution channels. Root's focus on digital distribution and usage-based insurance places it among modern insurtech firms within this traditional sector.
Where is Root, Inc. (ROOT) headquartered and what markets does it serve?
Root, Inc. is headquartered in Columbus, Ohio, United States, where it was incorporated in 2015. The company serves the entire United States market, offering its insurance products to customers nationwide. Its primary distribution channels are digital: through its own website and mobile applications, as well as through partnerships with other companies. By operating entirely within the US, Root focuses on a single, large market rather than expanding internationally. This geographic concentration allows the company to tailor its products to US regulatory environments and consumer preferences, particularly in auto and renters insurance.
How does Root, Inc. (ROOT) generate revenue?
Root, Inc. generates revenue primarily by collecting premiums from policyholders for its automobile and renters insurance products. As an insurance company, it earns money when the premiums collected exceed the claims paid out and operating expenses. Root distributes its policies through direct digital channels (its website and mobile apps) and through partnerships, which reduces reliance on traditional agents and brokers. The company uses telematics and data analytics to assess driving behavior, allowing it to price policies more competitively for low-risk drivers. This usage-based model aims to attract safer drivers, potentially leading to lower loss ratios. Additionally, Root may earn investment income from the premiums it holds before paying claims.