German neobroker Trade Republic made €272.4m in revenue in the 12 months to end of September 2024, TradeInformer has learned.
Regulatory filings show the brokerage group increased total revenue by 51.5% compared to the prior year, when total revenue was €179.9m.
The broker also saw a significant uplift to net income, at least in percentage terms.
In the 12 month period ending 30th September 2023, the broker generated €14.1m in profit. Last year in the equivalent period that rose to €34.8M.
Despite this, the brokerage group has still lost €146m cumulatively since its founding in 2015, although that will presumably continue to change over time.
Bloomberg reported in September that Trade Republic investors and other shareholders were looking to sell some of their stake in the business. According to that report, the sale would value the brokerage business at €5bn.
Like Robinhood and other fintechs, Trade Republic has leant into being something like a ‘super app‘, which lets you do banking, payments, and investing in one application.
The company now offers cards, bank accounts, and other savings accounts, beyond the investment products it was initially set up to offer.
