You Wouldn't Believe How This Beaten-Down Growth Stock Makes Money [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
But zoom out and it's a totally different picture. The fintech stock is currently trading about 70% below its all-time high. Clearly, a lot will need to go right for Robinhood for its market cap to get back to its high-water mark. Investors who might be eyeing this beaten-down growth stock as a way to ride the recent momentum will want to understand more about Robinhood's business model. You might be surprised at how the company makes a significant chunk of its revenue. Thank you, Federal Reserve Most people know Robinhood as a low-cost online brokerage service. Its 10.9 million monthly active users (MAUs) use the platform to buy and sell stocks, options, and cryptocurrencies, providing it with transaction-based revenue. This was the source of 42% of its revenue last year. You're probably wondering how else Robinhood makes money. All the attention goes to net interest revenue, which totaled $929 million in 2023, half of the company's total and up 119% from 2022. Back in 2021,
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News
- Is Robinhood Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- Robinhood Markets, Inc. (HOOD) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Robinhood Markets, Inc. (NASDAQ: HOOD) had its price target raised by analysts at KeyCorp from $22.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- 4 Things You Need to Know Before You Buy Robinhood Shares [Yahoo! Finance]Yahoo! Finance
- The Ultimate Cryptocurrency to Buy With $1,000 Today [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 2/13/24 - Beat
HOOD
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- HOOD's page on the SEC website