February 9, 2023, 5:32PM EST
• 2 min read

Analysis of Robinhood's Q4'22 Earnings

Quick Take

  • Reported earnings on February 8, 2023, closing at $10.47 / share 
  • Generated $380mm net revenue, +5.3% QoQ and +4.8% YoY and $82mm Adj. EBITDA
  • Incurred a $57mm processing error from selling shares short into the market 
  • Cancelled ~$485mm in founder stock-based compensation
  • Balance sheet reflects ~$6.3bn in cash and equivalents
  • International launch of digital asset self-custody wallet 
  • Board authorizes, subject to final approval, purchase of ~55mm Robinhood shares held by SBF’s Emergent Fidelity Technologies

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