What move does the options market price into Root's report?

Implied ±27.8%, either direction · provisional.

How often does Root move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

ROOTNasdaqFire, Marine & Casualty Insurance

Root, Inc. (ROOT) earnings date, market-implied expected move, and options open interest by expiry

43.22

−3.06 · −6.61%

Regular session12:44 ET

Open45.56Volume640,768Mkt cap$703.1MP/E8.71EPS4.96

Day43.22 – 46.330%52-wk40.91 – 91.005%

ROOT

Root, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±27.8%implied · straddle

33.4059.16

spot 46.28exp Mar 19ATM strike 45ATM straddle 15.15IV 69%

Nov 5 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 110 days

est.Q4 FY26

Calendar

Next report

Last report

−19.02%

vs ±14.5% implied · ×1.31

shaded = implied · ▲▼ = realized

Nov 4 '26 · confirmed

Implied vs realized

Linked news

4hAAPL · customerHere are Friday's biggest analyst calls: Nvidia, SpaceX, Netflix, Apple, TripAdvisor, Molson Coors & more
19hMETA · supplierMeta Platforms issues $3,250,000,000 5.850% notes due 2031 and four other USD tranches
20hGOOGL · supplierAlphabet closes €6 billion euro-denominated senior notes offering

News

Largest filed tie

13F top-10 QoQ

+5.13%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

161 managers

Top fund weight

0.02%

ROOT weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Root (ROOT) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±18.2%
avg realized: ±13.2%

Feb 26 '25Feb 26 '25confirmed±24.2%▲+25.57%×1.06

May 7 '25May 7 '25confirmed±17.8%▲+1.11%×0.06

Aug 6 '25Aug 6 '25confirmed±18.2%▼−26.37%×1.45

Q3 FY25Nov 5 '25confirmed±19.2%▼−8.79%×0.46

Q1 FY26Feb 25 '26confirmed±19.6%▼−5.52%×0.28

May 6 '26May 6 '26confirmed±15.6%▲+3.38%×0.22

Q2 FY26Aug 5 '26confirmed±16.4%▼−16.21%×0.99

Q3 FY26Nov 4 '26confirmed±14.5%▼−19.02%×1.31

quarterimplied−30%0+30%realized×

Q3 FY26±14.5%▼−19.02%×1.31

Q2 FY26±16.4%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 5 close

0.63OI · 4 expiries · Nov 5 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,318+4%Nov 2014d0.502,647+172%0.50

618+5%Dec 1842d0.371,665+3%0.37

838−2%Jan 1570d0.253,326+1%0.25

report · Feb 24 · after close · est.

1040%Mar 19133d164+25%

ExpiryPutsCallsP/C

Nov 2014d1,318+4%2,647+172%0.50

Dec 1842d618+5%1,665+3%0.37

Jan 1570d838−2%3,326+1%0.25

report · Feb 24 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±27.8%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

CVNA±8.2%×0.29

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

3.78%as filednet margin · revenue −2.03% QoQ · −1.68% YoY

Revenue

$381M−2.03% QoQ

Gross profit

$148M−0.94% QoQ

38.79% margin

Operating income

$18M−47.11% QoQ

4.80% margin

Pre-tax income

$15M−43.36% QoQ

Net income

$14M−43.31% QoQ

3.78% margin

Cost of revenue

$233M−2.71% QoQ

Operating expenses

$130M+12.99% QoQ

Other operating $60M

Marketing $32M

SG&A $21M

Other operating $16M

Other expense

$4M

Tax

$100,000−50.00% QoQ

Revenue$381M−2.03%

Gross profit

$148M−0.94%

38.79% margin

Operating income

$18M−47.11%

4.80% margin

Pre-tax income

$15M−43.36%

Net income

$14M−43.31%

3.78% margin

Cost of revenue

$233M−2.71%

Operating expenses

$130M+12.99%

Other operating $60M

Marketing $32M

SG&A $21M

Other expense

$4M

Tax$100,000−50.00%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 12:30 ET

Intraday

Event sensitivity

FOMC ×1.18· ±4.6% vs ±3.9% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±4.6%10 of 24×1.18

GDPgross domestic product±4.0%10 of 20×1.02

PPIproducer prices±3.8%5 of 11×0.99

PCEpersonal income & outlays±3.3%12 of 20×0.86

CPIconsumer prices±2.7%5 of 11×0.69

CPROFcorporate profits±1.8%6 of 12×0.47

NFPjobs report±1.3%6 of 10×0.33

Bar = avg |move| to ±5% · tick = ±3.9% avg day · ×base = |move| ÷ ±3.9% · min 6 releases

Earnings history

EPS 0.86 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 4 '26 · confirmed	0.86	—
Q2 FY26	Aug 5 '26 · confirmed	1.49	—
Q1 FY26	Feb 25 '26 · confirmed	2.09	—
Q3 FY25	Nov 5 '25 · confirmed	-0.35	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod