ROBINHOOD MARKETS Reports Record-Breaking Q2 Revenue and Net Income Growth
August 9, 2023
☀️Earnings Overview
ROBINHOOD MARKETS ($NASDAQ:HOOD) reported total revenue of USD 486.0 million for the quarter ending June 30 2023, an increase of 52.8% from the same quarter in the previous fiscal year. Net income for the period also experienced a 108.5% year-over-year increase, amounting to USD 25.0 million.
Share Price
The company’s stock opened at $12.5 and closed at $12.4, which is 3.3% lower than its previous closing price of $12.9. These results demonstrate the success of the company’s investment in expanding its product offerings, such as the launch of Robinhood Crypto and Robinhood Cash Management products. With its rapid expansion in new products, investments in customer service, and focus on technology, the company is well-positioned to continue its success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Robinhood Markets. More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | -827 | -46.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Robinhood Markets. More…
| Operations | Investing | Financing |
| 1.17k | -482 | -5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Robinhood Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.66k | 21.47k | 7.9 |
Key Ratios Snapshot
Some of the financial key ratios for Robinhood Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.8% | – | -46.2% |
| FCF Margin | ROE | ROA |
| 68.3% | -6.8% | -1.7% |
Analysis
At GoodWhale, we conduct a thorough wellbeing analysis of companies to rate their investment risk. Our analysis of ROBINHOOD MARKETS indicates that it is a medium risk investment, taking into account both financial and business aspects. We have detected one risk warning in ROBINHOOD MARKETS’ cashflow statement, which we believe could be a potential hazard for investors and should be investigated further. If you register with us, you will be able to take a closer look at this warning and make an informed decision. More…
Peers
There is intense competition between Robinhood Markets Inc and its competitors Coinbase Global Inc, Block Inc, and Paysafe Ltd. All four companies are striving to provide the best service and products to their customers. Each company has its own strengths and weaknesses, so it is important for customers to evaluate all their options before choosing one provider.
– Coinbase Global Inc ($NASDAQ:COIN)
Coinbase Global Inc is a digital asset exchange company. It offers a platform for trading digital assets such as bitcoin, Ethereum, and other cryptocurrencies. The company was founded in 2012 and is headquartered in San Francisco, California. Coinbase has a market cap of 14.32B as of 2022 and a Return on Equity of -5.79%. The company offers a safe and easy way to buy, sell, and store digital assets.
– Block Inc ($NYSE:SQ)
Block.one is a technology company that specializes in the development of blockchain software. The company’s primary product is the EOSIO software, which is a decentralized operating system that can be used to build blockchain applications. Block.one was founded in 2017 by Brendan Blumer and Dan Larimer, and is headquartered in Hong Kong.
– Paysafe Ltd ($NYSE:PSFE)
Paysafe Ltd is a payment processing company that enables businesses and consumers to make and receive payments through a variety of channels. The company has a market capitalization of 1.03 billion as of 2022 and a return on equity of -105.41%. The company’s primary business is providing payment processing and merchant services. It also offers a suite of products and services that enable businesses to accept and process payments, including credit and debit cards, e-wallets, and bank transfers. Paysafe Ltd is headquartered in the Isle of Man.
Summary
ROBINHOOD MARKETS had an impressive quarter ending June 30th, 2023 with total revenue of USD 486.0 million and net income of USD 25.0 million, both showing incredible year-over-year increases of 52.8% and 108.5%, respectively. Despite this positive result, the stock price for ROBINHOOD MARKETS dropped on the same day. Investing analysis of the company suggests that investors may be uncertain about the sustainability of the company’s growth, given that current financial results may not be sustainable in the long-term. Investors should monitor the company’s financials closely and consider company-specific risks before investing.
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