Pre-IPO
IPO
Nasdaq
Equity – Common
S-1
Series H
$12B
Goldman Sachs, J.P. Morgan
2
Rolling Commitments $
Active
07/27/2021
0
0%
0%
$0
Menlo Park, California
Financial & Insurance Products & Services
Fintech
B2C
Low
High
High Growth
Robinhood, with an expected public valuation of around $35 billion, is going public July 29th. The brokerage pioneered zero commission trading for stocks, options, ETFs, and cryptocurrency. Robinhood is a FINRA-regulated broker-dealer and is registered with the U.S. Securities and Exchange Commission. Vladimir Tenev and Baiju Bhatt founded Robinhood in April 2013 after working for financial institutions in New York City. The financial services firm will trade under the ticker “HOOD” on the Nasdaq and is offering 55 million shares at a range of $38 to $42.
Income Statement
|
Revenue |
$958,883,000 |
|
Operating Expenses |
|
|
Research/Technology & Development |
$215,630,000 |
|
Sales & Marketing |
$185,741,000 |
|
General & Administrative |
$294,694,000 |
|
Total Operating Expenses |
$945,053,000 |
|
Operating Income |
$0 |
|
Other Income, Net |
$-50,000 |
|
Income (Loss) Before Provision For (Benefit From) Income Taxes |
$13,830 |
|
Provision For (Benefit From) Income Taxes |
$6,381 |
| Net Income (Loss) |
$7,449,000 |
|
Net Income (Loss) Attributable to Common Stockholders: |
|
|
Basic |
$2,848,000 |
|
Diluted |
$2,848,000 |
|
Net Income (Loss) Per Share Attributable to Common Stockholders: |
|
|
Basic |
$0 |
|
Diluted |
$0 |
|
Weighted-Average Shares of Common Stock Used For Pro Forma: |
|
|
Basic |
$225,748,355 |
|
Diluted |
$244,997,388 |
Balance Sheet – Assets
|
Current Assets |
|
|
Cash and Cash Equivalents |
$958,883,000 |
|
Accounts Receivable |
$3,478,643,000 |
|
Total Current Assets |
$10,872,584,000 |
|
Property and Equipment, Net |
$45,834,000 |
|
Goodwill |
$0 |
|
Intangible Assets, Net |
$0 |
|
Restricted Cash |
$7,364,000 |
|
Other Assets |
$0 |
| Total Assets |
$10,988,474,000 |
Balance Sheet – Liabilities
|
Current Liabilities |
|
|
Accounts Payable |
$0 |
|
Accrued Expenses |
$0 |
|
Other Current Liabilities |
$893,036,000 |
|
Total Current Liabilities |
$8,816,045,000 |
| Total Liabilities |
$8,864,057,000 |
|
Commitments and Contingencies |
|
|
Convertible Preferred Stock |
$2,179,739,000 |
|
Stockholders’ (deficit) Equity |
|
|
Common Stock |
$1 |
|
Additional Paid In Capital |
$134,307,000 |
|
Accumulated Other Comprehensive Income (Loss) |
$473,000 |
| Total Stockholders’ (Deficit) Equity |
$-55,322,000 |
Statements of Cash Flows
|
Cash Flows from Operating Activites |
|
|
Net Cash Provided By (Used In) Operating Activities |
$1,876,254,000 |
|
Cash Flows from Investing Activites |
|
|
Net Cash Provided By (Used In) Investing Activities |
$-32,330,000 |
| Total Cash, Cash Equivalents, and Restricted Cash |
$0 |
Financials as of: 07/01/2021
