Root (ROOT) Q2 Net Income Hits $22M

Root (NASDAQ:ROOT), the technology-driven auto insurer, reported its financial results for the second quarter of fiscal 2025 on August 6, 2025. The report showed a clear return to profitability, as net income (GAAP) was $22.0 million compared to a loss of $7.8 million for Q2 2024. Earnings per share (EPS) were $1.29 (diluted, GAAP), well above the $0.56 consensus estimate. Revenue (GAAP) reached $382.9 million, a 32.4% increase compared to Q2 2024, but came in $1.17 million below analyst expectations (GAAP). Overall, the quarter demonstrated rising profitability and ongoing gains in underwriting, even as topline growth declined compared to previous quarters. Source: Analyst estimates for the quarter provided by FactSet. Root is a digital-first auto insurance company that leverages telematics, or data collected from customers' driving behavior, to set personalized insurance rates. It aims to deliver fairer prices and improved customer experience by using smartphone sensors and machine learning to assess risk.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool