Root, Inc. (ROOT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-05-19	Dec-31-18	Dec-05-18
	10-K	10-K	10-K	10-K	S-1	10-K	S-1
Revenues	310.8	345.4	346.8	290.2	290.2	43.3	43.3
Revenue growth	-10.0%	-0.4%	19.5%	570.2%	570.2%
Loss and loss adjustment expenses					321.4		43.5
Policy acquisition costs	22.5	26.4	17.1	12.2		2.8
Investment expenses	1.9	2.3	0.5	0.4		0.1
Other operating expenses	549.5	817.8	614.5	537.7	228.9	108.6	68.0
Research and development	55.5	65.5	52.9	24.0	24.0	8.2	8.2
General and administrative	127.4	97.6	78.5	43.0	43.0	9.3	9.3
EBITDA	-249.3	-468.6	-269.7	-255.2		-67.6
EBITDA margin	-80.2%	-135.7%	-77.8%	-87.9%		-156.1%
Depreciation	13.8	16.6	15.6	4.9		0.6
EBIT	-263.1	-485.2	-285.3	-260.1	-260.1	-68.2	-68.2
EBIT margin	-84.7%	-140.5%	-82.3%	-89.6%	-89.6%	-157.5%	-157.5%
Interest expense, net [+]	34.6	35.9	77.7	22.3	22.3	0.9	0.9
Interest expense	34.6	20.0	77.7	22.3	22.3	0.9	0.9
Interest income		-15.9
Pre-tax income	-297.7	-521.1	-363.0	-282.4	-282.4	-69.1	-69.1
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-297.7	-521.1	-363.0	-282.4	-282.4	-69.1	-69.1
Net margin	-95.8%	-150.9%	-104.7%	-97.3%	-97.3%	-159.6%	-159.6%

Basic EPS	($21.11)	($37.76)	($86.43)	($8.33)		($2.73)
Diluted EPS	($21.11)	($37.76)	($86.43)	($8.33)		($2.73)

Shares outstanding (basic)	14.1	13.8	4.2	33.9		25.3
Shares outstanding (diluted)	14.1	13.8	4.2	33.9		25.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.