[SamReidHughes]

They have a big pile of cash, and at their current burn rate, they'll last for a long time. They have huge margins and their loss is from fixed cost R&D. They're receiving positive net deposits from a relatively young customer base and the total assets they have under management is growing.

To add some numbers: they're burning $175/quarter, which includes severance payouts from their recent layoff, on $6954 of assets, which includes a $6187 pile of cash. So that's 8.8 years of runway if they didn't cut costs or grow revenue further.

And their product also has a ton of room to improve -- once it gets IRAs, that would remove the main reason its more boring customers find other brokers.