A deeper look within the ambani house company’s IPO filing
This afternoon Robinhood filed to move public . TechCrunch’s first look at home results can be found here . Now that we’ve done a primary dig, we can take the time to waste into the company’s filing more deeply.
Robinhood’s BÖRSENDEBÜT has long been anticipated not only since there are billions of dollars in finance riding on its coming liquidity, but also because the services} became something of a cartel child for the savings and paying boom which 2020 saw and the COVID-19 pandemic helped engender.
The consumer trading service’s products became so popular while enmeshed in popular society thanks to both the “stonks” routine and the larger GameStop brouhaha , that the company’s public showing carries much more weight truly worth that of a more regular venture-backed entity. Robinhood has spectators, haters, and many an observer in Congress.
Regardless of all that, today our company is digging into the company’s business model and financial results. So , if you want to better understand how Robinhood makes money, and how profitable delete word it really is, this is for you.
We will start with skin tone in-depth look at growth and even profitability, pivot to garden greenhouse structures the company’s revenue make up, discuss a risk item or two, and close always on its decision to offer any one of its own shares to people. Let’s go!
Inside Robinhood’s growth site
Before we have into the why of Robinhood’s growth, let us discuss how big the company becomes .
The several fintech unicorn’s revenue mature from $277. 5 64,000 in 2019 to $958. 8 million in 2020, which works out to growth of around 245%. Robinhood spread even more quickly in the incredibly first quarter of 2021, small business from year-ago revenue for $127. 6 million to positively $522. 2 million, an increase of around 309%.
Those are numerical characters that we frankly do not go to often amongst companies departing public; 300% growth should be a pre-Series A metric, mainly.