The Most Important Number in Robinhood's Business Isn't Revenue. It's This.
Robinhood is becoming more than just a trading platform.
Overview
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.
Details
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.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.