Robinhood: Strong Interest Revenue But With Macro Headwinds

Nov. 28, 2022 7:05 AM ETRobinhood Markets, Inc. (HOOD)5 Comments
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Summary

  • Robinhood is a stock trading platform popular with retail investors.
  • The company reported mixed financial results for the third quarter of 2022. Missing revenue estimates but beating earnings forecasted.
  • Robinhood reported positive adjusted EBITDA in Q3, as its losses narrowed significantly.
  • The company has a strong liquidity position with $6.2 billion in corporate cash.

Robinhood Markets IPO Listing Day

Cindy Ord/Getty Images Entertainment

Robinhood (NASDAQ:HOOD) was founded in 2013 and is a true pioneer in the concept of "free trading". The company spearheaded the industry with its transaction volume-based model which enticed many new investors into the market. Robinhood had incredible

Chart
Data by YCharts

Monthly Active Users

Monthly Active Users (Q3,22 report)

Net Interest Revenue

Net Interest Revenue (Q3,22)

Assets Under Custody

Assets Under Custody (Q3,22 report)

Average revenue per user

Average revenue per user (Q3,22)

Net Income

Net Income (Q3,22 report)

Operating Expenses

Operating Expenses (Q3,22)

Balance Sheet

Balance Sheet (Q3,22 report)

Robinhood stock valuation 1

Robinhood stock valuation 1 (created by author Ben at Motivation 2 Invest)

Robinhood stock valuation 1

Robinhood stock valuation 1 (created by author Ben at Motivation 2 Invest)

Chart
Data by YCharts

This article was written by

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4.81K Followers
Senior Investment Analyst for Hedge Funds. Interviewed Hedge Fund Managers and CEO's. Investment Strategy: Focus on Deep Dive Valuation, G.A.R.P (Growth at a Reasonable Price). Masters in Equity Valuation, 755+ Companies Analysed.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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