RVI Q3 2019 Earnings Report — Robinhood Ventures Fund I Revenue & Financial Results | Market Cap Arena

Robinhood Ventures Fund IRVI

Q3 2019 Earnings

Reported November 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$61M	$61M	$70M	-0.0%	-12.6%
Op. Income	$20M	$40M	$20M	-49.8%	-0.5%
Gross Margin	72.5%	71.1%	72.1%	1.4pp	0.4pp
Net Margin	118.7%	22.4%	8.5%	96.4pp	110.2pp
EPS (Diluted)	$3.79	$0.72	$0.32	426.4%	1084.4%
Free Cash Flow	$66M	$148M	$155M	-55.5%	-57.6%

Revenue Flow

Item	Amount
REVENUE	$61M
Cost of Revenue	$17M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$6M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$41M
OPERATING INCOME	$20M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$52M
INCOME BEFORE TAX	$72M
Income Tax Expense	-$72.0K
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$18M
EBIT	$82M
EBITDA	$99M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$61M
Cost of Revenue	$17M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$6M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$41M
OPERATING INCOME	$20M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$52M
INCOME BEFORE TAX	$72M
Income Tax Expense	-$72.0K
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$18M
EBIT	$82M
EBITDA	$99M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$18M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$59M
Change in Working Capital	-$677.0K
OPERATING CASH FLOW	$30M
Capital Expenditure	$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$54M
NET CASH FROM INVESTING	$89M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$101M
NET CASH FROM FINANCING	-$101M
FREE CASH FLOW	$66M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$0
Net Receivables	$24M
Inventory	$0
Other Current Assets	$107M
TOTAL CURRENT ASSETS	$202M
PP&E (Net)	$2M
Goodwill	$0
Intangible Assets	$19M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.7B
Account Payables	$58M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$75M
Long-Term Debt	$655M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$190M
TOTAL NON-CURRENT LIABILITIES	$845M
TOTAL LIABILITIES	$920M
Common Stock	$2M
Additional Paid-In Capital	$0
Retained Earnings	$71M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$693M
TOTAL STOCKHOLDERS' EQUITY	$766M
Minority Interest	$0
TOTAL EQUITY	$766M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$655M
Net Debt	$583M