The Most Important Number in Robinhood's Business Isn't Revenue. It's This.
Robinhood 's (NASDAQ: HOOD) revenue growth has been impressive. In the second quarter, the company generated $1.31 billion of revenue, up 32% from a year earlier. Earnings per share rose 48% to $0.62. Those numbers tell us Robinhood is scaling rapidly. But they don't tell us the whole story. For that, investors should look at another number: the amount of money customers keep on the platform. Continue reading