Overview
- Shares rose about 5% Monday to roughly $113, recovering part of a roughly 23% one‑month drop noted in recent coverage.
- Year to date the stock is up about 172% and recently traded near $115, far above levels near $8 two years ago.
- Q3 results beat expectations with $1.27 billion in revenue and $0.61 EPS, as transaction revenue jumped 129% driven by crypto up 300%, equities up 132%, and options up 50%.
- Platform assets climbed to $343 billion by October from $102 billion at the start of 2024, helped by Gold subscriptions; ARPU rose 82% to $191 and net interest revenue increased 66% to $456 million.
- New lines are scaling fast with prediction markets surpassing $100 million in annualized revenue and 4 billion contracts traded, while plans include overseas regulatory engagement and a filing for Robinhood Ventures Fund I; shares trade around 44x–47x earnings versus fair‑value estimates near 24x.