Robinhood Markets, Inc.

HOODUS

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), options contracts, gold, and various cryptocurrencies. Beyond its core trading functionalities, the company dedicates efforts to providing educational and informational resources. These include "Snacks," a concise daily summary of business news; "Learn," an extensive digital library offering guides, tutorials, and a comprehensive financial dictionary; and "Newsfeeds," which grants complimentary access to premium financial journalism from reputable sources like Barron's, Reuters, and The Wall Street Journal. Additionally, the platform supports users with tools such as customizable watchlists and alert systems for monitoring specific securities, ETFs, and digital assets. It also provides cash management services. For new customers, particularly those who have not yet made their initial investment, Robinhood offers personalized first trade recommendations. Robinhood Markets, Inc. was established in 2013 and maintains its principal operations from Menlo Park, California.

Founded2013IPO year2021As of2026-08-04
Market Cap
$83.79B
Enterprise Value
$105.58B
EV / LTM Revenue
23.6x
EV / NTM Revenue
17.8x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
17.8x
Gross Profit
22.6x
EBITDA
Classification
Sector
Fintech
Sub-sector
Wealthtech & Capital-Markets Technology
Listing
HOOD
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY-25%37%58%52%15%26%
Revenue$1.81B$1.36B$1.86B$2.95B$4.47B$5.15B$6.49B
Gross Profit$1.32B$778M$1.41B$2.45B$3.70B
Gross Profit Margin73.0%57.3%75.8%82.9%82.7%
EBITDA($1.68B)($917M)($453M)$1.14B$2.18B($963M)($1.21B)
EBITDA Margin-92.5%-67.5%-24.3%38.5%48.7%-18.7%-18.7%
EBIT($1.70B)($978M)($524M)$1.06B$2.09B($1.11B)($1.40B)
Net Income($3.69B)($1.03B)($541M)$1.41B$1.88B$1.86B$2.58B
Free Cash Flow($968M)($909M)$1.16B($207M)$1.58B
FCF Margin-53.4%-66.9%62.2%-7.0%35.4%
Short-Term Debt$3.65B$1.83B$3.55B$7.46B$15.41B
Long-Term Debt$0M$0M$0M$0M$0M
Cash & Cash Equivalents$6.25B$6.34B$4.83B$4.33B$4.26B
Net Debt($2.60B)($4.50B)($1.29B)$3.13B$11.15B
Net Debt / EBITDA2.8x5.1x
Rule of 40-92.1%99.5%51.2%87.0%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.