Root, a privately owned company with headquarters in the US, is a part of Accenture. Founded in 1984, it employs approximately 180 individuals. The company functions as a strategy activation consultancy, specializing in business consulting and services.
On February 27, 2026, Root Inc., an auto insurtech company, received an upgrade to a "Buy" rating following its achievement of GAAP profitability in 2025, signaling the company's potential to maintain strong performance while investing in growth initiatives. Earlier the same day, Root Inc. Co-founder and CEO Alex Timm stated that some carmakers are sharing consumers' past driving data, enabling the company to offer immediate telematics-based insurance quotes. This followed Root's February 26 report of its full-year 2025 earnings, which showed a record net income of $40 million, representing a 30% jump over 2024, alongside a 29% increase in revenue. Root also reported fourth-quarter 2025 results on February 26, with revenue reaching $397 million, a 458.6% year-over-year increase, though net income attributable to common shareholders was $5.1 million, a decrease of 135.4% year-over-year. The company's overall record 2025 net income of $40.3 million contrasts with a fourth-quarter 2025 net income of $5.3 million, which was lower than the $22.1 million reported for the same period in 2024.
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