HomeRZI • ASX
RAIZ Invest Ltd
$0.59
Jun 6, 7:00:00 PM GMT+10 · AUD · ASX · Disclaimer
StockAU listed security
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 2024Y/Y change
Revenue
5.80M7.50%
Operating expense
4.76M7.64%
Net income
-594.00K18.13%
Net profit margin
-10.2423.81%
Earnings per share
EBITDA
129.50K39.25%
Effective tax rate
7.25%
Total assets
Total liabilities
(AUD)Dec 2024Y/Y change
Cash and short-term investments
12.77M50.84%
Total assets
46.71M4.24%
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%
Net change in cash
(AUD)Dec 2024Y/Y change
Net income
-594.00K18.13%
Cash from operations
162.50K-71.57%
Cash from investing
-839.50K6.83%
Cash from financing
1.82M417.35%
Net change in cash
1.15M12,010.53%
Free cash flow
-447.06K30.27%
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
Founded
2016
Employees
31
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