Robinhood Reveals Rising Revenue and a $1.4 Billion Loss

The stock-trading app unveiled its initial public offering prospectus on Thursday, pulling back the curtain on its financial performance for the first time.

SAN FRANCISCO — Robinhood, the stock-trading app that grew in popularity and notoriety during the pandemic, revealed skyrocketing revenue and a loss of more than $1.4 billion in the first three months of this year, as it took a key step on Thursday toward one of the year’s most anticipated initial public offerings.