Root (ROOT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the prior quarter and the same quarter last year. The reported figure shows a significant rise from both periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter and the same quarter last year. The reported figure shows a significant rise from both periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$115.3M
Revenue reported for this quarter.
Quarter-over-quarter
+54.1%
Change from the immediately preceding quarter.
Year-over-year
+56.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$331.5M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $71.3M | -23.5% |
| Mar 31, 2023 | $70.1M | -17.9% |
| Jun 30, 2023 | $74.8M | -7.0% |
| Sep 30, 2023 | $115.3M | +56.4% |
Revenue performance
The company reported higher revenue for the quarter, reversing the declining trend seen in the preceding three quarters.
Quarterly comparison
Revenue grew compared to the immediately preceding quarter and also rose relative to the same quarter one year earlier.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.