HOOD
Robinhood Markets Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Robinhood Markets Inc..
Coverage
Robinhood's $1.5 Billion Chain Number Looks Cumulative Against a $42 Million Float
Robinhood's $1.5B of Stock Token DEX volume sits against a $41.9M float: about 36 turns, no disclosed DEX take and a 119x climb to our model's $5B capacity.
Robinhood Event Contracts Cross $1B in 2028 in Our Model—and the Line Is Worth $14.80 a Share.
Our Robinhood model has prediction markets passing $1B of trailing revenue in 2028 and peaking in 2030 — and a written ceiling that absorbs any faster growth.
Robinhood's Prediction Markets: 13.6 Billion Contracts a Quarter, and Where Our Model Says the Line Stops
Event contracts went from $3M to $156M a quarter in six quarters, 11.9% of Robinhood's revenue. What they are, who sells them, where the model stops the line.
Robinhood's Newest Revenue Line Is Now Almost Exactly the Size Its Most Famous One Used to Be
Event contracts booked $156M in the June quarter and crypto booked $100M. The more interesting number is the one a year back: crypto was about $160M, so the new line did not merely overtake the old one — it arrived at roughly 97% of the size the old one used to be.
A Prediction Market Priced Robinhood's Own Launch at 24% — One Quarter Later That Line Booked $156M
This site stores one instant of prediction-market pricing. In it, Robinhood's own launch sits at 24%. By the June quarter, event contracts booked $156M.
Robinhood Q2 2026: A 38% EPS Beat, Record Revenue — and Still a Two-Day Slide
Robinhood crushed Q2 2026 estimates with record revenue and a 48% YoY EPS jump, then fell in after-hours trading and again the next morning. We unpack the crypto slowdown, the cautious guide, and the Fed-day tape that made it worse.
Where the revenue goes next
Latest: $1.31B (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | $365M |
| 2021Q4 | $363M |
| 2022Q1 | $299M |
| 2022Q2 | $318M |
| 2022Q3 | $361M |
| 2022Q4 | $380M |
| 2023Q1 | $441M |
| 2023Q2 | $486M |
| 2023Q3 | $467M |
| 2023Q4 | $471M |
| 2024Q1 | $618M |
| 2024Q2 | $682M |
| 2024Q3 | $637M |
| 2024Q4 | $1.01B |
| 2025Q1 | $927M |
| 2025Q2 | $989M |
| 2025Q3 | $1.27B |
| 2025Q4 | $1.28B |
| 2026Q1 | $1.07B |
| 2026Q2 | $1.31B |
Latest: $0.62 (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | -$2.06 |
| 2021Q4 | -$0.50 |
| 2022Q1 | -$0.45 |
| 2022Q2 | -$0.34 |
| 2022Q3 | -$0.20 |
| 2022Q4 | -$0.19 |
| 2023Q1 | -$0.57 |
| 2023Q2 | $0.03 |
| 2023Q3 | -$0.09 |
| 2023Q4 | $0.03 |
| 2024Q1 | $0.18 |
| 2024Q2 | $0.21 |
| 2024Q3 | $0.17 |
| 2024Q4 | $1.01 |
| 2025Q1 | $0.37 |
| 2025Q2 | $0.42 |
| 2025Q3 | $0.61 |
| 2025Q4 | $0.66 |
| 2026Q1 | $0.38 |
| 2026Q2 | $0.62 |
Latest: 44.2 (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | 0.0 |
| 2021Q4 | 0.0 |
| 2022Q1 | 0.0 |
| 2022Q2 | 0.0 |
| 2022Q3 | 0.0 |
| 2022Q4 | 0.0 |
| 2023Q1 | 0.0 |
| 2023Q2 | 0.0 |
| 2023Q3 | 0.0 |
| 2023Q4 | 0.0 |
| 2024Q1 | 134.2 |
| 2024Q2 | 68.8 |
| 2024Q3 | 39.7 |
| 2024Q4 | 23.7 |
| 2025Q1 | 23.6 |
| 2025Q2 | 47.5 |
| 2025Q3 | 59.4 |
| 2025Q4 | 55.2 |
| 2026Q1 | 33.5 |
| 2026Q2 | 44.2 |
Latest: $696M (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | -$1.03B |
| 2021Q4 | -$292M |
| 2022Q1 | $424M |
| 2022Q2 | -$1.27B |
| 2022Q3 | -$213M |
| 2022Q4 | $178M |
| 2023Q1 | $828M |
| 2023Q2 | $370M |
| 2023Q3 | -$978M |
| 2023Q4 | $959M |
| 2024Q1 | -$625M |
| 2024Q2 | $54M |
| 2024Q3 | $1.80B |
| 2024Q4 | -$1.40B |
| 2025Q1 | $640M |
| 2025Q2 | $3.49B |
| 2025Q3 | -$1.58B |
| 2025Q4 | -$939M |
| 2026Q1 | $2.03B |
| 2026Q2 | $696M |
Latest: 912M (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | 638M |
| 2022Q1 | 868M |
| 2022Q2 | 875M |
| 2022Q3 | 882M |
| 2023Q1 | 897M |
| 2023Q2 | 921M |
| 2023Q3 | 895M |
| 2024Q1 | 896M |
| 2024Q2 | 904M |
| 2024Q3 | 906M |
| 2025Q1 | 909M |
| 2025Q2 | 909M |
| 2025Q3 | 918M |
| 2026Q1 | 915M |
| 2026Q2 | 912M |
Latest: $3.14B (2026Q2)
| Period | Value |
|---|---|
| 2021Q3 | -$1.03B |
| 2021Q4 | -$1.32B |
| 2022Q1 | -$901M |
| 2022Q2 | -$2.17B |
| 2022Q3 | -$2.38B |
| 2022Q4 | -$2.21B |
| 2023Q1 | -$1.38B |
| 2023Q2 | -$1.01B |
| 2023Q3 | -$1.99B |
| 2023Q4 | -$1.03B |
| 2024Q1 | -$1.65B |
| 2024Q2 | -$1.60B |
| 2024Q3 | $208M |
| 2024Q4 | -$1.20B |
| 2025Q1 | -$556M |
| 2025Q2 | $2.94B |
| 2025Q3 | $1.36B |
| 2025Q4 | $417M |
| 2026Q1 | $2.45B |
| 2026Q2 | $3.14B |
Latest earnings
Company History
Founded by Vladimir Tenev and Baiju Bhatt in Menlo Park, California, with a mission to provide access to financial markets for everyone, not just the wealthy.
Official launch of the mobile app on the Apple App Store, offering free, easy-to-use stock trading targeted at millennials.
Launched cryptocurrency trading, expanding services to include bitcoin and ethereum.
Restricted trading during meme stock mania, facing congressional hearings and user backlash.
Company goes public on Nasdaq, raising approximately $2.1 billion and valuing it at about $32 billion.
Expanded services to the United Kingdom, launching its app to UK customers.
Obtained MiFID and MICA licenses, launched trading in tokenized ETFs and stocks in the European Union.
Introduced wealth management services to offer private banking and investment advice to retail investors.
Key Players
The CEO view — 10 podcasts, interviews & articles →
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Funds we follow holding HOOD
By latest reported 13F position value. Market value at quarter-end, not cost basis.
