It’s a sweltering day right here in New York Metropolis, and meaning Wall Avenue is on hearth, and so is Robinhood, apparently. The favored inventory buying and selling app formally filed its Type S-1 with the SEC a number of hours in the past to go public, the place it would commerce below the ticker “HOOD.”
The Fairness crew has been yammering about Robinhood for years now, and now we have been chomping on the bit to see these S-1 outcomes for what looks like ages. Properly, we lastly received the numbers, we chomped that bit (or a minimum of Alex and Danny did, since Natasha went on trip about quarter-hour earlier than the IPO hit the wires), and so right here’s a particular Fairness Shot to speak about all of the highlights.
We talked about a lot in an itsy-bitsy 15-minute episode: loopy income progress, loopy income focus from two main sources, regulatory hurdles that the corporate has been clearing up, higher financials with a little bit of nuance on the corporate’s Q1 funds, and the corporate’s particular plan for its IPO.
Right here’s what we received as much as:
- Historic progress and profitability.
- Income combine and income focus, together with constituent issues.
- The significance of options-related incomes for the corporate.
- Why the corporate’s adjusted revenue might assist it assuage buyers who’ve their eyes come out of their skulls after they see its GAAP Q1 2022 outcomes.
And much more. After all, if you happen to hate Robinhood, we shall be again with our usually scheduled Friday episode of Fairness tomorrow.