Robinhood Markets, Inc. (HOOD)

NASDAQ: HOOD · USD

$91.3

-3.29 (-3.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: HOOD rated Sell

Robinhood Markets, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$27.4 / share

Potential value

$41.6 / share

Upside to FV

-63.7%

from $91.3

Moat

6.5/10

narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$67.9B
Revenue (ttm)	5.1B
Net income (ttm)	2B
EPS (ttm)	$2.17
Shares out	901.5M
P/E (trailing)	42.0x
P/E (forward)	27.6x
Volume	36,250,074
Beta	2.35

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 5.1B
Net income (ttm): 2B
EPS (ttm): $2.17
P/E (trailing): 42.0x
P/E (forward): 27.6x
Market cap: $67.9B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$1.36B	$1.87B	$2.95B	$4.47B	+48.8%
Gross profit	$770.0M	$1.72B	$2.34B	$3.73B	+69.2%
Operating income	$-966.0M	$-536.0M	$1.05B	$2.09B	—
Net income	$-1.03B	$-541.0M	$1.41B	$1.88B	—
EPS (diluted)	$-1.17	$-0.61	$1.56	$2.05	—
EBITDA	$-905.0M	$-465.0M	$1.13B	$2.18B	—
R&D	$878.0M	$805.0M	$818.0M	$897.0M	+0.7%
SG&A	$725.0M	$1.29B	$363.0M	$576.0M	-7.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	强力买入
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	强力买入
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	持有
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	买入
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	强力买入
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	买入

Base and Bull scenarios

Bull20%

Price target

$41.64

-44.8% from spot

Robinhood successfully diversifies away from transaction-based revenues. Gold subscriptions, credit card uptake, and retirement account growth create a sticky, recurring revenue base. Crypto adoption enters a multi-year supercycle, driving massive free cash flow.

Crypto supercycle
Gold subscriptions scale massively
Margins remain structurally elevated

Base55%

Price target

$27.39

-63.7% from spot

Rates normalize downward, bringing operating margins from peak 46.8% to a sustainable 40%. The company maintains steady growth in Gold and retirement accounts, transitioning into a mature financial platform while facing normalized trading volumes.

Rates normalize downward
Margins settle at 40%
Steady platform growth

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to composite fair-value midpoint ($26.74). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
10.9%	$29.6	$31.2	$33.1	$35.2	$37.6
11.9%	$26.7	$28.1	$29.6	$31.2	$33.1
12.9%	$24.4	$25.5	$26.7	$28.1	$29.6
13.9%	$22.4	$23.4	$24.4	$25.5	$26.7
14.9%	$20.8	$21.6	$22.4	$23.4	$24.4

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E27.6

P25 n/aP50 n/aP75 n/a

Trailing P/E36.6

P25 n/aP50 n/aP75 n/a

ROE21.5

P25 n/aP50 n/aP75 n/a

ROIC6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All HOOD indicators

Market & fundamental data

Available fields

237

Groups with data

Currency

USD

Showing 237 of 237 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001783879
Company name	Robinhood Markets, Inc.
Country	United States
Country code	US
CUSIP number	770700102
Earnings date	2026-10-27
Earnings time	amc
Employees	2,900
Employees change	600
Employees growth	26.09%
Enterprise value	$80.4B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	2013
In index	SP500
Industry	Capital Markets
IPO date	2021-07-29
Is primary listing	Yes
Is SPAC	No
ISIN number	US7707001027
Last 10-K release date	2026-02-18
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$82.3B
Market cap category	Large-Cap
Next earnings date	2027-02-09
Options	Yes
Price	$91.27
Price currency	USD
Sector	Financials
SIC code	6211
Stock price date	2026-10-28
Symbol	HOOD
U.S. state	California
Website	https://robinhood.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	37.91x
Average P/E ratio (3Y)	52.64x
Earnings yield	2.38%
EV/Earnings	40.18x
EV/FCF	26.46x
EV/Sales	15.69x
FCF / EV yield	3.78%
FCF yield	3.69%
Forward EV/Sales	12.24x
Forward P/E	33.73x
Forward P/S	12.54x
Graham number	23.28415
Graham upside	-74.29%
Industry forward P/E	15.58x
Industry P/E	26.21x
P/(FCF - SBC) ratio	30.69x
P/(OCF - SBC) ratio	30.31x
P/B ratio	8.52x
P/E ratio	42.04x
P/FCF ratio	27.09x
P/OCF ratio	26.8x
P/S ratio	16.06x
PEG ratio	1.74x
Price / tangible book value	8.82x
Sector forward P/E	13.61x
Sector P/E	15.68x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Effective tax rate	16.87%
FCF margin	59.29%
Gross margin	90.99%
Operating margin	45.65%
Pretax margin	47.34%
Profit margin	39.04%
Profit per employee	$684,138
Profitable quarters	11
Profitable years	2
Revenue per employee	$1.8M
ROA	4.01%
ROA (5Y)	-3.82%
ROE	21.45%
ROE (5Y)	-11.88%
ROIC	5.96%
ROIC (5Y)	-3.77%
SBC / revenue	6.95%
Tax / revenue	7.99%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-9.21%
EPS growth (Q)	-16.39%
EPS growth (QoQ)	-17.74%
EPS growth quarters	2
EPS growth years	4
FCF growth	160.19%
FCF growth (QoQ)	71.61%
FCF growth 3Y	96.35%
Net income growth	-9.57%
Net income growth (Q)	-15.83%
Net income growth (QoQ)	-16.58%
Net income growth quarters	2
Net income growth years	4
OCF growth	159.23%
OCF growth (QoQ)	70.14%
OCF growth 3Y	96.41%
Operating income growth	15.88%
Operating income growth (Q)	7.87%
Revenue growth	20.89%
Revenue growth (Q)	11.77%
Revenue growth (QoQ)	8.87%
Revenue growth 3Y	42.02%
Revenue growth 5Y	23.49%
Revenue growth quarters	15
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-33M
EPS	$2.17
FCF per share	$3.34
Financing cash flow	$2.6B
Free cash flow	$3B
Free cash flow minus SBC	$2.7B
Gross profit	$4.6B
Income taxes	$406M
Investing cash flow	$-2.1B
Net borrowing	$3.2B
Net cash flow	$3.5B
Net income	$2B
Operating cash flow minus SBC	$2.7B
Operating income	$2.3B
Revenue	$5.1B
Stock-based compensation	$353M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$11.10
Debt / equity	2.2
Debt / FCF	7.35
Goodwill	$515M
Net cash (debt)	$1.9B
Net cash / market cap	2.34%
Net cash growth	-40.77%
Net debt / equity	-0.19
Net debt / FCF	-0.63
Piotroski F-Score	6
Property, plant and equipment	$187M
Shareholders' equity	$10.1B
Tangible book value	$9.3B
Tangible book value per share	$10.27
Total assets	$58.3B
Total cash	$24.1B
Total debt	$22.1B
Total liabilities	$48.2B
WACC	13.53%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.1
Current ratio	1.13
Quick ratio	1.07
Working capital	$5.9B
Working capital turnover	1.08

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.35%
Dividend yield	0%
Shareholder yield	0.35%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$95.49
1D price change	-3.48%
1M price change	-23.08%
1M total return	-23.08%
1W price change	-6.49%
1W total return	-6.49%
1Y price change	-37.04%
1Y return CAGR	-37.06%
1Y total return	-37.04%
20-day SMA	$103.34
200-day SMA	$92.91
3M price change	-3.98%
3M total return	-3.98%
3Y price change	931.91%
3Y return CAGR	117.67%
3Y total return	931.91%
50-day SMA	$108.78
50-day SMA vs 200-day SMA	50over200
52-week high	$150.47
52-week high date	2025-10-31
52-week low	$63.52
52-week low date	2026-03-30
5Y price change	159.14%
5Y return CAGR	20.98%
5Y total return	159.14%
6M price change	9.4%
6M total return	9.4%
After-hours change	0.19%
After-hours close	$91.27
After-hours price	$91.44
All-time high	$153.86
All-time high date	2025-10-06
All-time low	$6.81
All-time low date	2022-06-16
Average true range (ATR)	$5.35
Average volume	19.4M
Beta (1Y)	3.56
Beta (2Y)	3.33
Beta (5Y)	2.35
Change from 52-week high	-39.34%
Change from 52-week low	43.7%
Change from all-time high	-40.31%
Change from all-time low	1,248.6%
Change from open	2.29%
Day's gap	-5.64%
Dollar volume	$3.3B
High price	$92.58
Low price	$89.23
Monthly RSI	53.79
Open price	$89.23
Position in 52-week range	60.9%
Premarket change	-6.03%
Premarket close	$94.56
Premarket price	$88.86
Premarket volume	3.5M
Previous close	$94.56
Price vs 150-day SMA	-3.82%
Price vs 20-day SMA	-11.13%
Price vs 200-day SMA	-1.15%
Price vs 50-day SMA	-15.58%
Relative volume	1.87
Return from IPO open	138.32%
Return from IPO price	138.32%
RSI	34.8
Sharpe ratio	-0.35
Sharpe ratio (3Y)	1.4
Sharpe ratio (5Y)	0.51
Sortino ratio	-0.44
Sortino ratio (3Y)	2.28
Sortino ratio (5Y)	0.86
Volume	36.3M
Weekly RSI	45.43
YTD price change	-18.8%
YTD total return	-18.8%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	784.4M
Float percentage	87.01%
Shares change (QoQ)	-0.11%
Shares change (YoY)	-0.35%
Shares held by insiders	12.61%
Shares held by institutions	68.31%
Shares outstanding	901.5M
Short % of float	5.1%
Short % of shares	4.44%
Short ratio	1.7 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	2,236

Deeper analysis on HOOD

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this HOOD report

What is the latest published HOOD stock rating?

Robinhood Markets, Inc. is shown with Sell in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full HOOD analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/HOOD/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for HOOD?

The latest published report analyzed 2026-05-20 gives HOOD a fair value of USD 27 and a potential value of USD 42. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the HOOD page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellHOOD · Fair value $27.4-63.7%

Read full analysis →

Category	Score	Reading
Valuation	1.5
Management	6.9
Balance Sheet	5.0
Profitability	7.5
Revenue Growth	7.5
Risk Assessment	5.0
Competitive Moat	6.5
Earnings Quality	6.0
Capital Efficiency	5.0

Robinhood Markets, Inc. (HOOD)

Our latest published analysis: HOOD rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · HOOD

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All HOOD indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on HOOD

Frequently asked questions

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