Root (ROOT) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to the prior quarter. The growth was also substantial relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter compared to the prior quarter. The growth was also substantial relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$254.9M
Revenue reported for this quarter.
Quarter-over-quarter
+30.9%
Change from the immediately preceding quarter.
Year-over-year
+263.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$639.8M
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 |
|---|---|---|
| Jun 30, 2023 | $74.8M | -7.0% |
| Sep 30, 2023 | $115.3M | +56.4% |
| Dec 31, 2023 | $194.8M | +173.2% |
| Mar 31, 2024 | $254.9M | +263.6% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. The year-over-year comparison also showed a significant increase.
Quarterly comparison
Compared with the prior quarter, revenue was higher. When measured against the same quarter one year ago, revenue was also higher.
What to watch
The filing notes that elevated inflation could increase claims and expenses, which may affect future results.