Financials · Investment Banking & Brokerage · US stock · price as of 16 Oct 2026
Key indicators
Price
$98.87
52-week range
$63.52 – $150.47
Market cap
$90.2B
P/E (trailing)
43.7×
Dividend yield
–
Revenue (last 12 months)
$4.9B
Revenue growth (3y a year)
48.8%
Price / book
9.5×
Return on equity
21.7%
Fair value
Blended fair value$11.28 book-value models
Versus priceData under review+0% to fair value
Excess-return model (banks, insurers)
$9.35
Price / book vs return on equity
$14.17
Model uncertainty
High
X-Ray Score
44/ 100 · Medium confidence · ahead of 27% of sector peers
Valuation3
Growth91
Profitability52
Financial health40
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Robinhood Markets runs a mobile and web investing platform for retail customers. Users can trade stocks, exchange-traded funds, options and cryptocurrencies, save for retirement, and use cash management and credit card products, with a paid Gold subscription offering extra features. The company aims to make investing accessible to everyday customers and operates in the United States and some other markets.
Robinhood earns transaction-based revenue from options, equities and crypto trading, net interest income on customer cash and margin loans, and subscription fees. In the last twelve months revenue was $4.9 billion, and it has grown at 48.8% a year across the last three years. The operating margin is 49.0%, and the business earns a profit of 47% on the capital invested in it. No dividend is paid.
StocksXray gives Robinhood Markets, Inc. an X-Ray Score of 44 out of 100 (medium confidence), ahead of 27% of the S&P 500 stocks in its sector. Its strongest lens is growth (91) and its weakest is valuation (3).
Our fair value blend is $11.28. At $98.87 the stock trades 777% above that blend, so the label is "Data under review" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Robinhood Markets, Inc. (HOOD)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$17.76
$8.14
$12.74
$37.26
$113.10
$98.87
Market cap
$8.7B
$7.2B
$11.3B
$33.8B
$103.9B
$90.2B
P/E
–
–
–
23.9×
55.2×
43.7×
Price / book
1.2×
1.0×
1.7×
4.2×
11.4×
9.5×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 4 Good · ● 0 Average · ● 2 Bad · each check graded against the sector
Risk models
Piotroski F-Score4 of 9Bad
Growth
Revenue growth (3y)48.8%Good
Growth consistency100%Good
Valuation
Fair value vs price0.1×Bad
Profitability
Return on invested capital47.3%Good
Operating margin49.0%Good
XStocksXray
Robinhood Markets, Inc. (HOOD)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,815
1,358
1,865
2,951
4,473
4,932
Net income
-3,687
-1,028
-541
1,411
1,883
2,072
Diluted EPS ($)
-7.49
-1.17
-0.61
1.56
2.05
2.26
Net margin
−203.1%
−75.7%
−29.0%
47.8%
42.1%
42.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
19,769
23,337
17,624
26,187
38,137
56,550
Cash
6,253
6,339
4,835
4,332
4,261
5,362
Total debt
–
–
–
–
–
–
Equity
7,293
6,956
6,696
7,972
9,151
9,541
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.