Quarterly ResultAug 5, 2026, 04:19 PM
Root Q2 Net Income $24.1M, Revenue $389.2M
AI Summary
Root, Inc. reported a net income of $24.1 million for Q2 2026, a 15.3% increase year-over-year, with total revenues rising 1.6% to $389.2 million. For the six months ended June 30, 2026, net income grew 51.8% to $58.3 million. The company also engaged in share repurchases totaling $20.8 million and recorded a $4.4 million impairment loss on other investments, while net cash from operating activities decreased.
Key Highlights
- Q2 2026 net income attributable to common shareholders increased 15.3% to $24.1 million.
- Total revenues for Q2 2026 rose 1.6% year-over-year to $389.2 million.
- Basic EPS for Q2 2026 was $1.54, up 13.2% from $1.36 in Q2 2025.
- Operating income for Q2 2026 increased 26.7% to $34.6 million.
- Net cash provided by operating activities for H1 2026 was $66.8 million, down 15.2% YoY.
- The company repurchased and retired $20.8 million of common stock in H1 2026.
- An impairment loss of $4.4 million on other investments was recognized in H1 2026.
- Cash, cash equivalents, and restricted cash totaled $574.8 million as of June 30, 2026.
Price Impact
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