Robinhood Markets, Inc. (HOOD) – Trying to create an ecosystem for a better future

Robinhood Markets, Inc. (HOOD) (Q2FY23)

Stock Performance: Robinhood stock was listed at ~$35 in Jul 2021 and was on a continuous decline, whereas, in the last three months, The price was on a falling trend and it is seen taking strong support around the $7 level. The stock has given negative returns of ~-4% during the three-month period.

Quarter Performance : In Q2FY23, HOOD’s revenue increased by 53% to $486mn from $318mn in Q2FY22 and the COGS increased by 56% to $39mn from $25mn in the same period previous year

Guidance: For FY23, the company expects total operating expenses in a range of $2.33bn to $2.41bn. Share-based compensation is expected to be in the range of $415mn to $455mn. Total operating expenses prior to SBC are to be in the range of $1.43bn 1.47bn.

Highlights

The Robinhood Gold cash sweep program, known for its competitive returns, has witnessed remarkable growth. With a yield of 4.9%, balances in the Gold cash sweep program have more than doubled since the beginning of the year, surging to an impressive $11bn.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added 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
– Segment Performance
– Key Metrics

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 31

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