earnings
confidence high
sentiment neutral
materiality 0.70
Root Q3 net loss $5M on $17M warrant charge; revenue +27%, gross loss ratio 59%
Root, Inc.
2025-Q3 EPS reported
$2.05
revenue$1,120,100,000
- Total revenue grew 27% YoY; net earned premium +29%; independent agent new writings tripled.
- Gross loss ratio of 59% (below 60-65% target); UBI model 10% more predictive.
- Net loss of $5M (vs net income of $23M a year ago) includes $17M non-cash Carvana warrant expense.
- Adjusted EBITDA $34M, down $8M YoY; unencumbered capital $309M; expanded to Washington (36 states).