Financial Snapshot

Revenue
$2.408B
TTM
Gross Margin
93.89%
TTM
Net Earnings
$525.0M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
118.49%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$7.208B
Q3 2024
Cash
Q3 2024
P/E
67.35
Nov 29, 2024 EST
Free Cash Flow
$2.162B
TTM

Revenues

Revenues

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Revenue YoY Change

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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

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Gross Profit

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Gross Profit Margin

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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

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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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

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Interest Expenses To Operating Income %

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Other Expense/Income

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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

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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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

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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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

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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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

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $35.359 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 SCHWAB CHARLES CORP STIFEL FINANCIAL CORP Virtu Financial, Inc.