Root (ROOT) Revenue — Quarter Ended Dec 31, 2024
Revenue increased in the current quarter. The growth rate slowed compared to the prior quarter but remained strong versus the same quarter last year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased in the current quarter. The growth rate slowed compared to the prior quarter but remained strong versus the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$326.7M
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+67.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.2B
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 |
|---|---|---|
| Mar 31, 2024 | $254.9M | +263.6% |
| Jun 30, 2024 | $289.2M | +286.6% |
| Sep 30, 2024 | $305.7M | +165.1% |
| Dec 31, 2024 | $326.7M | +67.7% |
Revenue performance
Revenue rose from the immediately preceding quarter, continuing an upward trend. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Compared to the prior quarter, revenue grew at a slower pace. Relative to the same quarter one year earlier, the increase was significant, though the rate of growth has moderated over recent quarters.
What to watch
The deceleration in sequential revenue growth may warrant attention in future periods.