Root, Inc. (NASDAQ:ROOT), the insurance technology company, saw its stock price soar 5.77% in pre-market trading on Thursday, following the release of its impressive 2025 first-quarter earnings report. The company significantly outperformed analyst expectations, demonstrating strong growth and a remarkable turnaround in profitability.

Root reported quarterly earnings of $1.07 per share, drastically surpassing the analyst consensus estimate of a $0.06 loss. This represents a staggering 1,883.33% beat and a 354.76% improvement from the $0.42 loss per share reported in the same quarter last year. The company's revenue also impressed, coming in at $349.4 million, exceeding the analyst consensus estimate of $322.66 million by 8.29% and marking a robust 37.07% year-over-year increase from $254.90 million.

Other key financial metrics further underscore Root's strong performance. The company reported gross premiums written of $410.8 million and achieved a net income of $18.4 million for the quarter. These results signal a significant positive shift in Root's financial health and operational efficiency, likely contributing to the enthusiastic market response and the subsequent stock price surge. The pre-market rally suggests that investors are optimistic about Root's future prospects and its ability to maintain this momentum in the coming quarters.