If You'd Invested $1,000 in Robinhood 1 Year Ago, Here's How Much You'd Have Today

• Robinhood's gross doubled successful the 3rd quarter.

• Robinhood has shown signs of sustained profitability.

• Prediction markets and its cryptocurrency speech person been high-growth areas for Robinhood.

• 10 stocks we similar amended than Robinhood Markets ›

When it comes to investing, Robinhood (NASDAQ: HOOD) has positioned itself arsenic the easy-to-use, "cool" option. It has go the go-to investing level for galore Gen-Z and millennial investors. It hasn't been each creaseless sailing for Robinhood since its July 2021 archetypal nationalist offering (IPO), but this past twelvemonth has been a much-appreciated bounce back.

In the past twelvemonth (through Dec. 3), Robinhood's banal is up astir 246%, meaning a $1,000 concern past would beryllium worthy adjacent to $3,460 today.

Much of Robinhood's caller awesome banal show tin beryllium attributed to its awesome fiscal performance. In the 3rd 4th (Q3), its gross accrued 100% twelvemonth implicit twelvemonth to $1.27 billion, and its nett income (a nett measure) accrued 271% to $556 million.

Robinhood's caller fiscal show shows it isn't conscionable a speculative maturation institution anymore. It's a profitable institution that's showing signs of sustainability. Just 2 years ago, successful Q3 2023, it mislaid $85 million, truthful this has been a reasonably speedy turnaround.

The institution has besides been expanding its concern beyond banal buying. It present has its manus successful prediction markets (though it faces ineligible pushback) and runs a cryptocurrency speech called Bitstamp. Its banal level volition stay its breadstuff and butter, but it's bully to spot it trying to diversify its concern a bit.

Before you bargain banal successful Robinhood Markets, see this:

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