Sector: Technology | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 85 Willow Road MENLO PARK CA 94025 |
Tel: | N/A |
Website: | https://robinhood.com |
IR: | See website |
Key People | ||
Vladimir Tenev Chairman of the Board, President, Chief Executive Officer, Co-Founder | Baiju Bhatt Co-Founder, Director | Jason Warnick Chief Financial Officer |
Daniel Martin Gallagher Chief Legal, Compliance, and Corporate Affairs Officer | Steven M. Quirk Chief Brokerage Officer |
Business Overview |
Robinhood Markets, Inc. provides financial services platform for everyone, regardless of their wealth, income, or background. It 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. It also commission-free cryptocurrency trading in the through Robinhood Crypto, LLC. It provides crypto recurring investments, allowing customers to automatically buy crypto, commission-free, on a schedule of their choice. It 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. |
Financial Overview |
For the nine months ended 30 September 2024, Robinhood Markets Inc revenues increased 39% to $1.94B. Net income totaled $495M vs. loss of $571M. Revenues reflect Net interest revenues: Cash sweep segment increase of 77% to $46M. Net Income reflects United States segment income totaling $151M vs. loss of $53M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.64 to $0.56. |
Employees: | 2,200 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $36,895M as of Sep 30, 2024 |
Annual revenue (TTM): | $2,408M as of Sep 30, 2024 |
EBITDA (TTM): | $601.00M as of Sep 30, 2024 |
Net annual income (TTM): | $525.00M as of Sep 30, 2024 |
Free cash flow (TTM): | $2,162M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 883,975,689 as of Oct 24, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |