Is The Business Growing?

Robinhood went public in 2021, so we don't have too much data. This makes an investment in the company riskier, but also the possibility to participate in more of the upside.

However, in 2024, they had a breakout year.

Revenue surged 58.2%, net income 360% (first year of substantial profitability), equity 19%.

FCF is the outlier here. The biggest drawdown was due to "receivables from users, net", which stems from Rboinhood lending out money for users, namely in terms of margin and their credit cards. So this isn't too big of a deal to me. Their change is cash was negative between '23-'24, but i don't see anything that causes too much concern.