Shares plunged 16.3% following earnings as investors reacted negatively to cautious guidance and signs of deceleration in user engagement metrics, undermining confidence in growth sustainability despite solid top-line numbers.
- Net contribution rose 9% year-over-year to $229 million, showing continued revenue growth.
- Adjusted EBITDA increased 9% to $78 million, reflecting ongoing profitability.
- Funded accounts grew 18% year-over-year to 4.28 million, supported by marketing and retention efforts.
- Assets under administration expanded 10% year-over-year to over $19 billion, indicating steady asset inflows.
- Management emphasized product innovation and strategic acquisition of TradeZero; however, outlook comments and deceleration signals appeared to weigh on investor sentiment.
Community Discussion