🚨Pre market 1/23/26
The day I hit $100k in my retirement. I am 30, and as you can see, I didn’t start taking it seriously until 2023.
Going to keep it up and stay on track by maxing my contributions 🫡
ROBINHOOD $HOOD JUST REPORTED Q2 EARNINGS
- Revenue of $1.31B, up 32% YoY, a record
- Diluted EPS of $0.62, up 48% YoY
- Net income of $573M, up 48% YoY
- Adjusted EBITDA of $741M, up 35% YoY
Revenue breakdown:
- Transaction-based revenue: $776M, up 44% YoY
- Event contracts revenue: $156M, up over 10x YoY
- Options revenue: $342M, up 29% YoY
- Equities revenue: $129M, up 95% YoY
- Cryptocurrencies revenue: $100M, down 38% YoY
- Net interest revenue: $389M, up 9% YoY
Other Q2 metrics:
- Net Deposits: record $22B
- Robinhood Gold Subscribers: record 4.8M, up 39% YoY
- Funded Customers: 28.4M, up 7% YoY
- Total Platform Assets: $369B, up 32% YoY
- ARPU: $187, up 24% YoY
- Margin Book: record $21.6B, up 127% YoY
- Equity notional trading volume: record $956B, up 85% YoY
- Options contracts traded: record 774M, up 50% YoY
- Event contracts traded: record 13.6B, up over 10x YoY
Robinhood now has 13 business lines generating $100M+ in annualized revenue, including newly added Robinhood Legend and the Credit Card business (which crossed $100M annualized revenue with the Gold Card surpassing 1 million customers).
Trump Accounts officially launched July 4th and have already reached over 7 million sign-ups with nearly $1.5 billion deposited.
CEO Vlad Tenev: "Whether it's the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner."