Root (ROOT) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$305.7M
Revenue reported for this quarter.
Quarter-over-quarter
+5.7%
Change from the immediately preceding quarter.
Year-over-year
+165.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$1B
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, 2023 | $194.8M | +173.2% |
| Mar 31, 2024 | $254.9M | +263.6% |
| Jun 30, 2024 | $289.2M | +286.6% |
| Sep 30, 2024 | $305.7M | +165.1% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. The year-over-year comparison shows a substantial gain.
Quarterly comparison
Compared to the prior quarter, revenue moved higher. Relative to the same quarter last year, revenue was significantly higher.
What to watch
The filing notes that inflation, interest rate changes, and reinsurance arrangements could affect future liquidity and results.