Robinhood Markets Inc - Understand $hood stock

$HOOD Market Cap: $19.52 Billion

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Financial Snapshot

Revenue

$2.238B

TTM

Gross Margin

93.33%

TTM

Net Earnings

$290.0M

TTM

Current Assets

$40.71B

Q2 2024

Current Liabilities

$34.14B

Q2 2024

Current Ratio

119.23%

Q2 2024

Total Assets

$41.35B

Q2 2024

Total Liabilities

$34.22B

Q2 2024

Book Value

$7.122B

Q2 2024

Cash

$4.524B

Q2 2024

P/E

67.33

Sep 13, 2024 EST

Free Cash Flow

-$614.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$1.865B	$1.358B	$1.815B	$958.8M	$277.5M
YoY Change	37.33%	-25.18%	89.31%	245.48%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$1.865B	$1.358B	$1.815B	$958.8M	$277.5M
Cost Of Revenue	$146.0M	$179.0M	$152.3M	$111.1M	$45.46M
Gross Profit	$1.719B	$1.179B	$1.663B	$847.8M	$232.1M
Gross Profit Margin	92.17%	86.82%	91.61%	88.41%	83.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$1.450B	$1.027B	$1.698B	$480.4M	$210.2M
YoY Change	41.19%	-39.51%	253.41%	128.56%
% of Gross Profit	84.35%	87.11%	102.11%	56.67%	90.58%
Research & Development	$805.0M	$381.0M	$437.6M	$52.20M	$27.70M
YoY Change	111.29%	-12.93%	738.31%	88.45%
% of Gross Profit	46.83%	32.32%	26.32%	6.16%	11.94%
Depreciation & Amortization	$71.00M	$61.00M	$25.50M	$9.938M	$5.444M
YoY Change	16.39%	139.26%	156.54%	82.55%
% of Gross Profit	4.13%	5.17%	1.53%	1.17%	2.35%
Operating Expenses	$2.255B	$2.369B	$3.456B	$945.1M	$384.5M
YoY Change	-4.81%	-31.46%	265.71%	145.81%
Operating Profit	-$536.0M	-$1.190B	-$1.793B	-$97.30M	-$152.4M
YoY Change	-54.96%	-33.64%	1743.06%	-36.15%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	$3.000M	-$16.00M	$2.230M	$50.00K	-$657.0K
YoY Change	-118.75%	-817.49%	4360.0%	-107.61%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	-$533.0M	-$1.027B	-$3.684B	$13.83M	-$107.6M
YoY Change	-48.1%	-72.13%	-26740.87%	-112.85%
Income Tax	$8.000M	$1.000M	$2.000M	$6.381M	-$1.018M
% Of Pretax Income				46.14%
Net Earnings	-$541.0M	-$1.028B	-$3.686B	$7.449M	-$106.6M
YoY Change	-47.37%	-72.11%	-49588.95%	-106.99%
Net Earnings / Revenue	-29.01%	-75.7%	-203.09%	0.78%	-38.4%
Basic Earnings Per Share	-$0.61	-$1.17	-$7.49	$0.01	-$0.48
Diluted Earnings Per Share	-$0.61	-$1.17	-$7.49	$0.01	-$0.48

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$9.696B	$9.334B	$6.281B	$1.406B	$647.0M
YoY Change	3.88%	48.61%	346.75%	117.27%
Cash & Equivalents	$9.283B	$9.334B	$6.253B	$1.403B	$644.1M
Short-Term Investments	$413.0M		$27.19M	$3.222M	$2.997M
Other Short-Term Assets	$18.51B	$10.29B	$6.276B	$5.988B	$2.568B
YoY Change	79.9%	63.95%	4.8%	133.17%
Inventory
Prepaid Expenses
Receivables	$3.584B	$3.294B	$6.727B	$3.479B	$660.9M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$31.79B	$22.92B	$19.28B	$10.87B	$3.876B
YoY Change	38.72%	18.84%	77.36%	180.5%
Property, Plant & Equipment	$120.0M	$238.0M	$275.8M	$95.03M	$56.50M
YoY Change	-49.58%	-13.71%	190.23%	68.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$73.00M
YoY Change
Other Assets	$126.0M	$57.00M	$75.19M	$20.86M	$11.79M
YoY Change	121.05%	-24.19%	260.52%	76.88%
Total Long-Term Assets	$542.0M	$420.0M	$485.6M	$115.9M	$68.29M
YoY Change	29.05%	-13.52%	319.05%	69.7%
Total Assets	$32.33B	$23.34B	$19.77B	$10.99B	$3.944B
YoY Change
Accounts Payable	$5.481B	$4.886B	$6.476B	$5.897B	$2.365B
YoY Change	12.18%	-24.55%	9.81%	149.34%
Accrued Expenses	$20.00M	$21.00M	$22.40M	$6.100M	$10.40M
YoY Change	-4.76%	-6.25%	267.21%	-41.35%
Deferred Revenue
YoY Change
Short-Term Debt	$3.547B	$1.834B	$0.00	$0.00	$0.00
YoY Change	93.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$25.55B	$16.25B	$12.35B	$8.816B	$3.101B
YoY Change	57.17%	31.63%	40.06%	184.26%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$90.91M	$127.9M	$128.7M	$48.01M	$27.66M
YoY Change	-28.92%	-0.65%	168.15%	73.6%
Total Long-Term Liabilities	$90.91M	$127.9M	$128.7M	$48.01M	$27.66M
YoY Change	-28.92%	-0.65%	168.15%	73.6%
Total Liabilities	$25.64B	$16.38B	$12.48B	$8.864B	$3.129B
YoY Change	56.5%	31.3%	40.75%	183.28%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	890.9M shares	878.6M shares	492.4M shares	225.7M shares	221.7M shares
Diluted Shares Outstanding	890.9M shares	878.6M shares	492.4M shares	245.0M shares	221.7M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $19.525 Billion

About Robinhood Markets Inc

Robinhood Markets, Inc is a financial services platform that pioneered commission-free stock trading with no account minimums and fractional share trading. The company is headquartered in Menlo Park, California and currently employs 2,200 full-time employees. The company went IPO on 2021-07-29. The company uses technology to provide access to the financial system. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Credit Card. Its Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, and IPO access and directed share program. The company also commission-free cryptocurrency trading in the through Robinhood Crypto, LLC. The company provides crypto recurring investments, allowing customers to automatically buy crypto, commission-free, on a schedule of their choice. The company also holds settled cryptocurrencies in custody on behalf of customers in two types of wallets: hot wallets, which are managed online and cold wallets, which are managed entirely offline.

Industry: Security Brokers, Dealers & Flotation Companies Peers: Morgan Stanley Goldman Sachs Group Inc Houlihan Lokey Inc Interactive Brokers Group Inc Jefferies Financial Group Inc LPL Financial Holdings Inc Raymond James Financial Inc Charles Schwab Corp Stifel Financial Corp Virtu Financial Inc