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Robinhood Markets Inc. Class A Common Stock (HOOD) is a leading software-infrastructure business based in the US. It opened the day at $41.13 after a previous close of $41.28. During the day the price has varied from a low of $39.59 to a high of $41.11. The latest price was $39.59 (25 minute delay). Robinhood is listed on the NASDAQ and employs 2,800 staff. All prices are listed in US Dollars.
Once Robinhood goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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| Available asset types | Stocks, Options, ETFs, Cryptocurrency |
|---|---|
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Robinhood stock is not yet available to purchase on any exchange. But it's expected to go public soon. Here's what we know — and how to buy in when it launches.
Robinhood is one of the most popular brokers in the US. It has over 17 million monthly active users and 50% of its customer base consists of first-time investors.
The company is growing. For context, it had 289 employees in December 2018. By March 31, 2021, its team had swelled to approximately 2,100. And we can map similar growth in the company’s financials:
| As of December 31, 2019 | As of December 31, 2020 | |
|---|---|---|
| Robinhood revenue | $277.5 million | $958.8 million |
| Robinhood net income (loss) | ($106.5 million) | $7.4 million |
Now, while these numbers paint a promising picture of rising revenue and falling losses, they don’t represent the whole story — or at least not the most up-to-date version of events. Take a look at Robinhood’s balance sheet for Q1 2020 compared to Q1 2021:
| Three months ended March 31, 2020 | Three months ended March 31, 2021 | |
|---|---|---|
| Robinhood revenue | $127.5 million | $522.1 million |
| Robinhood net loss | $52.5 million | $1.4 billion |
Robinhood’s Q1 2021 net loss sits at a cringe-inducing $1.4 billion and is the result of emergency fundraising in the wake of the GameStop fiasco. Not to mention the whopping $70 million dollar fine — the largest in FINRA’s history — that it was slapped with this summer.
Robinhood may be popular, but it’s not immune to scrutiny. Both the general public and regulatory institutions have leveled accusations at the brokerage for unsavory business practices. The question is, will the bad publicity affect Robinhood’s profitability? Only time will tell.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Robinhood can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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