Want to see HOOD full AI Analyst Report?
Top Page
Robinhood
(NASDAQ:HOOD)
Select Model
Select Model
Rating:73Outperform
Price Target:
$108.00
▲(19.01% Upside)
Action:Reiterated
Date:06/18/26
The score is driven by improving fundamentals (profitability and cash flow) and strong technical momentum, reinforced by a positive earnings call highlighting deposits and product adoption. Offsetting these positives are a premium valuation, recent TTM revenue decline risk, and balance-sheet leverage that could amplify volatility if conditions weaken.
Positive Factors
Subscription & Deposit Momentum
High and growing Gold adoption and strong deposit inflows create durable recurring revenue and cross-sell leverage. A larger base of paid subscribers and sticky deposits supports stable net interest and subscription revenue even if trading volumes fluctuate, improving long-term revenue mix resiliency.
Negative Factors
Elevated Leverage
Higher debt-to-equity constrains financial flexibility and increases sensitivity to interest rates or an earnings setback. In a downturn or revenue slowdown, elevated leverage could force cost cutting or limit investment optionality, making capital allocation decisions more constrained over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Subscription & Deposit Momentum
High and growing Gold adoption and strong deposit inflows create durable recurring revenue and cross-sell leverage. A larger base of paid subscribers and sticky deposits supports stable net interest and subscription revenue even if trading volumes fluctuate, improving long-term revenue mix resiliency.
Read all positive factors
Robinhood Key Performance Indicators (KPIs)
Any
Gold Subscribers
Counts paying subscribers to Robinhood Gold, showing how successful the company is at converting users to a recurring‑revenue model and the potential stability of future cash flow.
Counts paying subscribers to Robinhood Gold, showing how successful the company is at converting users to a recurring‑revenue model and the potential stability of future cash flow.
Data provided by:
The Fly
The FlyRobinhood (HOOD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$100.92B
Dividend YieldN/A
Average Volume (3M)32.37M
Price to Earnings (P/E)52.8
Beta (1Y)3.35
Revenue Growth41.76%
EPS Growth17.91%
CountryUS
Employees2,900
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)2.13
Shares Outstanding791,184,700
10 Day Avg. Volume23,651,387
30 Day Avg. Volume32,371,530
Financial Highlights & Ratios
PEG Ratio1.64
Price to Book (P/B)10.98
Price to Sales (P/S)22.47
P/FCF Ratio63.44
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue22.35
Enterprise Value/Gross Profit27.17
Enterprise Value/Ebitda46.36
Forecast
1Y Price Target
$114.04Price Target Upside25.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
EPS Forecast (FY)1.92
Revenue Forecast (FY)$5.09B
Robinhood Business Overview & Revenue Model
Company Description
Robinhood Markets, Inc. operates a financial services platform available to users throughout the United States. This platform empowers individuals to engage in a wide array of investments, encompassing common stocks, exchange-traded funds (ETFs), ...
How the Company Makes Money
Robinhood generates revenue primarily through transaction-based, net interest, and subscription streams.
1) Transaction-based revenues (largest component in many periods)
- Payment for order flow (PFOF): For equities and options, Robinhood routes...
Robinhood Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong product momentum, robust customer-level metrics and disciplined capital allocation: 15% revenue growth, $18B net deposits, record Gold adoption, rapid banking and card growth, AI-driven productivity gains, and active share repurchases. Headwinds highlighted were concentrated: securities lending rebate weakness, some take-rate compression, increased near-term OpEx related to Trump Accounts, and regulatory risks (prediction markets, perpetuals). On balance the positive operational and financial momentum materially outweigh the discrete risks and heightened investments.Positive Updates
Revenue Growth
Total net revenue grew 15% year-over-year to approximately $1.07 billion in Q1 2026, driven by growth across transaction volumes, interest-earning assets and increases in other revenue from Gold subscriber growth.
Negative Updates
Securities Lending Pressure
Securities lending net revenue was under pressure due to lower special rebates amid reduced volatility and fewer IPO-driven specials; management noted rebates are at a low and timing of a rebound is uncertain despite healthy adoption (≈25% of customers opted into fully paid program and ≈50% of assets opted in).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total net revenue grew 15% year-over-year to approximately $1.07 billion in Q1 2026, driven by growth across transaction volumes, interest-earning assets and increases in other revenue from Gold subscriber growth.
Read all positive updates
Company Guidance
The company raised its full‑year 2026 adjusted OpEx & SBC outlook by $100M to $2.7B–$2.825B to fund the Trump Accounts build (incremental ~$100M, ~half in Q2) and said the Trump project is cost‑plus with revenues expected to exceed costs; Q1 results included revenues of $1.07B (↑15% YoY), $18B net deposits (another quarter of >20% annualized net deposit growth), adjusted OpEx & SBC of $607M, 50% adjusted EBITDA margin, Gold subscribers at a record 4.3M (↑36% YoY; 16% attach rate; 40% of new customers in Q1), Gold Card >800k cardholders with $15B annualized purchase volume (on track for >1M cards and $100M ARR this year), Robinhood Banking >$2B in net deposits with >125k funded customers and 40% direct deposit attach, retirement assets >$30B, prediction markets and futures at record levels (prediction markets ~ $3B in April), equities and options volumes up double‑digit YoY and April on track to be the year’s highest month (options/equities volumes among the company’s top months), repurchases >$300M (4M shares) YTD with a refreshed $1.5B buyback authorization, international approaching ~1M funded customers, and balance sheet/funding actions including moving ~$6B of sweep cash on‑balance (with ~ $24B in sweeps) to fund margin growth.Robinhood Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.61B | 4.47B | 2.95B | 1.86B | 1.36B | 1.81B |
| Gross Profit | 3.79B | 3.73B | 2.34B | 1.72B | 770.00M | 1.31B |
| EBITDA | 2.22B | 2.18B | 1.13B | -465.00M | -905.00M | -1.61B |
| Net Income | 1.90B | 1.88B | 1.41B | -541.00M | -1.03B | -3.69B |
Balance Sheet | ||||||
| Total Assets | 45.47B | 38.14B | 26.19B | 17.62B | 23.34B | 19.77B |
| Cash, Cash Equivalents and Short-Term Investments | 12.19B | 10.45B | 10.50B | 8.44B | 7.85B | 8.09B |
| Total Debt | 13.39B | 15.41B | 7.46B | 3.55B | 1.83B | 3.65B |
| Total Liabilities | 35.79B | 28.99B | 18.21B | 10.93B | 16.38B | 12.48B |
| Stockholders Equity | 9.32B | 9.15B | 7.97B | 6.70B | 6.96B | 7.29B |
Cash Flow | ||||||
| Free Cash Flow | 2.15B | 1.58B | -207.00M | 1.16B | -909.00M | -968.43M |
| Operating Cash Flow | 2.21B | 1.64B | -157.00M | 1.18B | -852.00M | -884.77M |
| Investing Cash Flow | -152.00M | 141.00M | -148.00M | -582.00M | -60.00M | -237.88M |
| Financing Cash Flow | 1.78B | -590.00M | -345.00M | -610.00M | 0.00 | 5.20B |
Robinhood Technical Analysis
Positive
90.75
Price Trends
89.55
Positive
83.02
Positive
102.19
Positive
Market Momentum
7.03
Negative
61.53
Neutral
73.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOOD, the sentiment is Positive. The current price of 90.75 is below the 20-day moving average (MA) of 104.32, above the 50-day MA of 89.55, and below the 200-day MA of 102.19, indicating a bullish trend. The MACD of 7.03 indicates Negative momentum. The RSI at 61.53 is Neutral, neither overbought nor oversold. The STOCH value of 73.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HOOD.
Robinhood Risk Analysis
Robinhood disclosed 65 risk factors in its most recent earnings report. Robinhood reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Robinhood Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $41.92B | 40.32 | 19.89% | 0.46% | 12.92% | 28.20% | |
73 Outperform | $100.92B | 52.82 | 21.61% | ― | 41.76% | 17.91% | |
73 Outperform | $3.92B | -6.32 | -1.06% | ― | 86.62% | -126.98% | |
72 Outperform | $179.34B | 20.30 | 19.08% | 1.07% | 8.11% | 53.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $24.09B | 39.25 | 6.25% | ― | 32.00% | 10.31% | |
61 Neutral | $41.91B | 48.80 | 5.68% | ― | -4.24% | -43.98% |
* Financial Sector Average
HOOD
Robinhood
111.97
12.01
12.01%
IBKR
Interactive Brokers
94.09
34.76
58.60%
SCHW
Charles Schwab
103.12
11.58
12.65%
SOFI
SoFi
18.78
-2.55
-11.95%
COIN
Coinbase Global
159.07
-234.94
-59.63%
BULL
Webull Corporation
7.38
-5.43
-42.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.