HOOD
Robinhood Markets Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Robinhood Markets Inc.
Robinhood Markets, Inc. operates a financial-services platform that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies, as well as cash management, retirement accounts, credit cards, and other products aimed primarily at self-directed retail investors. Revenue includes transaction-based revenue, net interest, and other services.
Coverage
Public's 20,000 AI Agents Run $200 Million, or $10,000 Each, a Retail Account.
Public posted 20K+ agents and $200M+ of AUM in one sentence on 22 September. Robinhood's nearly 100,000 agent accounts hold about $1,000 apiece.
Robinhood Says RVI Investors 'Now Have a Stake in Crusoe.' That Is 92 Cents a Share.
RVI put $25M into Crusoe's Series F. That is 0.081% of the $30.9B valuation, 3.67% of the fund, and 92 cents of each of its 27,247,215 shares.
Robinhood Rose on an SEC Order That Excludes Its Own Tokens
Order 34-106402 allows 75 symbols at 0.25% of prior-month volume. The whole ceiling is worth 32 cents to Robinhood, and its own tokens are excluded.
Robinhood Says Voting Is Coming for Stock Tokens. Its Prospectus Waives the Vote on Any Share It Lends.
Robinhood put voting and 1:1 share redemption on the roadmap. Its prospectus pays cash and waives the vote on lent shares; the pricing basis is worth $16.
Robinhood Chain's Last Thirty Days Annualise to $365.6 Million. Citizens' 2027 Estimate Is $365 Million.
Citizens put $365M of net Robinhood Chain revenue into 2027. Annualise the chain's trailing thirty days at the note's own 85% share and the answer is $365.6M.
Robinhood's Event Contracts Fell 23% in August. September Only Has to Clear 2.8 Billion.
Robinhood's event contracts fell 23% in August to 4.7 billion. September only has to clear 2.8 billion - 93 million a day - to beat June's 13.6bn quarter.
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 |
|---|---|
| 2022Q2 | n/m |
| 2022Q3 | n/m |
| 2022Q4 | n/m |
| 2023Q1 | n/m |
| 2023Q2 | n/m |
| 2023Q3 | n/m |
| 2023Q4 | n/m |
| 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 |
|---|---|
| 2020Q2 | 244M |
| 2020Q3 | 226M |
| 2021Q1 | 231M |
| 2021Q2 | 232M |
| 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
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Funds we follow holding HOOD
By latest reported 13F position value. Market value at quarter-end, not cost basis.
