Robinhood

Robinhood Markets, Inc. (HOOD) (Q1FY24) – Increasing wallet share driving growth

Highlights of the report

In Q1FY24, Robinhood showed impressive financial and customer growth. Total net revenues increased by 40% Y/Y to $618mn, indicating strong business performance and market traction.

Robinhood (HOOD) Equity Report Q1FY24

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Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies.

In the first quarter, total net revenues surged 40% Y/Y to $618mn, with a notable 59% rise in transaction-based revenues driven by substantial growth in cryptocurrencies (up 232% to $126mn), options (up 16% to $154mn), and equities (up 44% to $39mn).

Robinhood price showed an upward trend in the past 3-month period and gave 19% returns. The stock price was trading on an uptrend from Jan-23 to Apr-24 and gave positive returns of 126%. The stock has a 52-week high of $24.28 and its 52- week low is $7.91.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

Report details

Robinhood Markets, Inc. (HOOD) (Q1FY24) – Increasing wallet share driving growth

Price

$256.00

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