Root (ROOT) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter, continuing the upward trajectory observed in recent periods. The reported figure was higher than both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter, continuing the upward trajectory observed in recent periods. The reported figure was higher than both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$289.2M
Revenue reported for this quarter.
Quarter-over-quarter
+13.5%
Change from the immediately preceding quarter.
Year-over-year
+286.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$854.2M
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 |
|---|---|---|
| Sep 30, 2023 | $115.3M | +56.4% |
| Dec 31, 2023 | $194.8M | +173.2% |
| Mar 31, 2024 | $254.9M | +263.6% |
| Jun 30, 2024 | $289.2M | +286.6% |
Revenue performance
The quarter's revenue rose compared to the prior quarter, reflecting sustained growth momentum. On a year-over-year basis, revenue was substantially higher than the same period last year.
Quarterly comparison
Sequentially, revenue improved from the first quarter of the current fiscal year. Compared to the second quarter of the prior fiscal year, revenue showed a significant increase.
What to watch
Monitor whether the pace of revenue growth can be maintained in upcoming quarters.