Robinhood Reports 2021 Net Loss of $3.69B While Crypto Activity Falters

Robinhood reported a $423 million net loss for Q4 or $0.49 per diluted share, compared with a net income of $13 million from the fourth quarter in 2020, according to its latest earnings report.

Highlights

• Stock trading app Robinhood reported a 2021 full-year net loss of $3.69 billion on Thursday.
• Platform also reported a $423 million net loss for Q4 or $0.49 per diluted share.
• The brokerage went for IPO in July 2021 with an opening at a price of $38.
• The company’s shares fell roughly 15% in after hours trading before recovering slightly to around $10.12.
• Company’s crypto-based revenue for the quarter had increased 304% to $48 million, compared to $12 million in the fourth quarter of 2020, its revenue from that activity is down $3 million from Q3, 2021 earnings of $51 million.

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