RVI

MKT CAP:—

Robinhood Ventures Fund I

Market Cap

—

Real Estate·REIT - Retail·🇺🇸 United States·NYSE

Real Estate·REIT - Retail·🇺🇸·NYSE

Stock Price

$28.16+$7.16 (+34.10%)

Apr 23, 2026

Company Details

Robinhood Ventures Fund I is a venture capital fund specializing in directly investing with growth capital. The fund seeks to invest in the US.

CEO

Sarah Pinto

IPO Date

Mar 6, 2026

Website

retailvalueinc.com

Key Metrics TTM

Revenue

$138M

-25.5% YoY

Net Income

-$55M

EPS (Diluted)

-$2.64

Free Cash Flow

$72M

Revenue / Share

$6.54

Gross Margin

66.6%

Operating Margin

34.8%

Net Margin

-39.7%

FCF Margin

52.3%

P/S

—

P/E

—

Earnings Reports

Q3 2021

Nov 3, 2021

$15M-63.4%EPS $0.99

Q2 2021

Aug 3, 2021

$42M+6.7%EPS -$3.30

Q1 2021

May 4, 2021

$41M-17.7%EPS $0.15

FY 2020

Mar 10, 2021

$170M-29.0%EPS -$4.72

Q4 2020

Mar 10, 2021

$40M-28.0%EPS -$0.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$75M	$53M	$18M
Q1 18	$76M	$54M	$22M
Q2 18	$79M	$57M	-$3M
Q3 18	$70M	$50M	$20M
Q4 18	$68M	$48M	$45M
Q1 19	$62M	$44M	$18M
Q2 19	$61M	$43M	$40M
Q3 19	$61M	$44M	$20M
Q4 19	$56M	$39M	$36M
Q1 20	$50M	$34M	$31M
Q2 20	$39M	$24M	$4M
Q3 20	$40M	$25M	$6M
Q4 20	$40M	$25M	$23M
Q1 21	$41M	$28M	$9M
Q2 21	$42M	$29M	$12M
Q3 21	$15M	$10M	$3M

Valuation

Quarter	P/S	P/E
Q4 17	1.9x	—
Q1 18	1.9x	—
Q2 18	1.9x	—
Q3 18	2.0x	—
Q4 18	1.7x	—
Q1 19	2.2x	—
Q2 19	2.5x	29.0x
Q3 19	2.8x	7.9x
Q4 19	2.9x	15.0x
Q1 20	1.1x	7.4x
Q2 20	1.2x	13.7x
Q3 20	1.4x	—
Q4 20	1.7x	—
Q1 21	2.3x	—
Q2 21	2.7x	—
Q3 21	4.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$28M	$28M
Q1 18	$3M	-$5M
Q2 18	$26M	$113M
Q3 18	$23M	$155M
Q4 18	$21M	$128M
Q1 19	$12M	$91M
Q2 19	$30M	$148M
Q3 19	$30M	$66M
Q4 19	$23M	$26M
Q1 20	$15M	$156M
Q2 20	$5M	$5M
Q3 20	$20M	$20M
Q4 20	$12M	$12M
Q1 21	$22M	$22M
Q2 21	$25M	$25M
Q3 21	$13M	$13M

Capital Expenditures

Quarter	CapEx
Q4 17	$0
Q1 18	$7M
Q2 18	$87M
Q3 18	$132M
Q4 18	$106M
Q1 19	$80M
Q2 19	$118M
Q3 19	$36M
Q4 19	$3M
Q1 20	$141M
Q2 20	$0
Q3 20	$0
Q4 20	$0
Q1 21	$0
Q2 21	$0
Q3 21	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	-6.5%	-13.4%
Q2 18	-2.8%	+36.5%
Q3 18	-17.8%	-16.0%
Q4 18	-10.2%	-59.6%
Q1 19	-19.2%	-19.1%
Q2 19	-22.9%	-75.1%
Q3 19	-12.6%	-17.6%
Q4 19	-17.7%	-14.7%
Q1 20	-18.2%	-56.1%
Q2 20	-35.5%	+70.8%
Q3 20	-34.2%	-16.4%
Q4 20	-28.0%	-12.6%
Q1 21	-17.7%	+66.2%
Q2 21	+6.7%	-16.3%
Q3 21	-63.4%	-66.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$0	0.0%
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$0	0.0%
Q1 19	$0	0.0%
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 17	$7M	$28M
Q1 18	$7M	$26M
Q2 18	$36M	$24M
Q3 18	$8M	$22M
Q4 18	$8M	$20M
Q1 19	$7M	$19M
Q2 19	$7M	$18M
Q3 19	$6M	$18M
Q4 19	$6M	$19M
Q1 20	$6M	$16M
Q2 20	$6M	—
Q3 20	$5M	—
Q4 20	$5M	—
Q1 21	$5M	—
Q2 21	$5M	—
Q3 21	$2M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$22M	$0	$22M
Q3 18	$29M	$0	$29M
Q4 18	$45M	$0	$45M
Q1 19	$38M	$0	$38M
Q2 19	$59M	$0	$59M
Q3 19	$71M	$0	$71M
Q4 19	$71M	$0	$71M
Q1 20	$92M	$0	$92M
Q2 20	$99M	$0	$99M
Q3 20	$115M	$0	$115M
Q4 20	$57M	$0	$57M
Q1 21	$73M	$0	$73M
Q2 21	$67M	$0	$67M
Q3 21	$461M	$0	$461M
Q4 21	$110M	$0	$110M
Q1 22	$45M	$0	$45M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	18M	0.0%	—
Q1 18	18M	0.0%	0.0%
Q2 18	18M	0.0%	0.0%
Q3 18	18M	-0.0%	-0.0%
Q4 18	18M	0.0%	-0.0%
Q1 19	19M	+2.3%	+2.3%
Q2 19	19M	+0.9%	+3.1%
Q3 19	19M	+0.0%	+3.2%
Q4 19	19M	0.0%	+3.2%
Q1 20	20M	+3.7%	+4.6%
Q2 20	20M	+0.3%	+4.1%
Q3 20	20M	+0.1%	+4.1%
Q4 20	20M	0.0%	+4.1%
Q1 21	21M	+5.5%	+5.9%
Q2 21	21M	+0.9%	+6.4%
Q3 21	21M	+0.1%	+6.5%

Shares Outstanding