Root Inc.: Mixed — EPS $0.86, Revenue $381.3M
Mixed ResultQ3 2026 · After-market
Did Root Inc. (ROOT) beat earnings today?
It was a mixed report for Q3 2026 — Root Inc. (ROOT) beat on EPS but missed on revenue.
Earnings Per Share+32.31% surprise
$0.86Actual
Expected: $0.65
Total Revenue-0.43% surprise
$381.3MActual
Expected: $382.94M
vs. year ago -1.7%
Released Nov 04 · 4:20 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $381.30M | $387.80M | -1.7% |
| Revenue detail — reported lines | |||
| └─Net premiums earned | $352.80M | $360.10M | -2.0% |
| └─Net investment income | $8.20M | $7.00M | +17.1% |
| └─Net realized losses | $(0.5)M | $0.00K | - |
| └─Fee income | $20.20M | $19.80M | +2.0% |
| └─Other income | $600.00K | $900.00K | -33.3% |
| Net income | $14.40M | $(5.4)M | - |
| Basic EPS | $0.90 | $(0.35) | - |
| Diluted EPS | $0.86 | $(0.35) | - |
Business Highlights
- ➤Renewed and extended Carvana commercial relationship through August 2028.
- ➤Launched Hyundai Secure+ Powered by Root pilot in 14 Phoenix-area dealerships.
- ➤Eligible Hyundai customers can receive six months of Root auto insurance at no cost.
- ➤Expanded into Wyoming, bringing Root auto insurance to 38 states.
- ➤Expanded reach to approximately 82% of the U.S. population.
- ➤Completed development of its latest proprietary pricing model.
- ➤Began deploying the new pricing model in the fourth quarter.
- ➤Partnership and independent-agent new writings grew 19% year-over-year.
- ➤Partnership channels represented 52% of total new writings.
- ➤Repurchased $36.2 million of shares under its $75 million authorization.
- ➤Root's API-based architecture supports integrations into digital shopping environments.
- ➤Root app has roughly 19 million downloads and collected 38 billion driving-data miles.