HomeRZI • ASX
add
RAIZ Invest Ltd
Previous close
$0.62
Day range
$0.56 - $0.62
Year range
$0.35 - $0.86
Market cap
61.61M AUD
Avg Volume
57.34K
P/E ratio
-
Dividend yield
-
Primary exchange
ASX
Market news
Financials
Income Statement
Revenue
Net income
(AUD) | Dec 2024info | Y/Y change |
---|---|---|
Revenue | 5.80M | 7.50% |
Operating expense | 4.76M | 7.64% |
Net income | -594.00K | 18.13% |
Net profit margin | -10.24 | 23.81% |
Earnings per share | — | — |
EBITDA | 129.50K | 39.25% |
Effective tax rate | 7.25% | — |
Balance Sheet
Total assets
Total liabilities
(AUD) | Dec 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 12.77M | 50.84% |
Total assets | 46.71M | 4.24% |
Total liabilities | 7.59M | -5.49% |
Total equity | 39.12M | — |
Shares outstanding | 105.05M | — |
Price to book | 1.68 | — |
Return on assets | -2.60% | — |
Return on capital | -3.00% | — |
Cash Flow
Net change in cash
(AUD) | Dec 2024info | Y/Y change |
---|---|---|
Net income | -594.00K | 18.13% |
Cash from operations | 162.50K | -71.57% |
Cash from investing | -839.50K | 6.83% |
Cash from financing | 1.82M | 417.35% |
Net change in cash | 1.15M | 12,010.53% |
Free cash flow | -447.06K | 30.27% |
About
Raiz Invest Limited is an Australian fintech company that operates one of the country’s most-downloaded micro-investing and spare-change investing apps. Through automated “round-ups”, recurring deposits and lump-sum transfers, the mobile platform invests customer funds into diversified portfolios of exchange-traded funds alongside options for Bitcoin, Australian residential property and themed equity baskets. Raiz positions itself as a low-cost digital robo-advisor and wealth-management provider, extending its offering to superannuation via the Raiz Invest Super product.
Since launch in 2016, the service has grown a predominantly millennial user base: about 70 % are aged 18–35 and more than four-fifths add money to their account at least once a month. Investments can start from as little as AU$5, and the app holds average ratings of 4.8/5 on the Apple App Store and 4.5/5 on Google Play from over 50,000 combined reviews. As at 24 November 2024 Raiz managed **AU$1.59 billion** for **315,634 active customers**, up 31.8 % year-on-year, and reported FY 2024 Australian revenue of **AU$21 million** with positive EBITDA of **AU$1.3 million**. Wikipedia
CEO
Founded
2016
Website
Employees
31