Robinhood's growing non-crypto businesses make its trading-app valuation look too low. Gold subscribers rose 34% to 5.2 million, platform assets reached $396 billion, and 14 business lines now each generate over $100 million annually. Overweight with a $115 target, despite a weak report: deposits fell to $15.7 billion from $22 billion and net interest income dropped 9% as rates declined. x.com  x.com 

Robinhood's Q3 report still looks solid despite misses against tough year-ago peak crypto and equity comps. Revenue missed slightly; the EPS miss looks tied to $67M of unrealized mark-to-market losses primarily related to its RVI fund, explaining the drawdown. Its new banking feature looks frictionless: send cash by text without recipients needing Robinhood accounts, a nice Zelle alternative versus its partner bank. Robinhood is cyclical, unlike compounding SoFi, though both are great. x.com  … Show more

Robinhood's growth looks more reliant on wallet share and the market backdrop because customer and active-user growth are weak. Revenue rose 12%, accounts 7% year over year, and net new funded accounts slowed one quarter after acquisition was re-prioritized; adjusted EPS growth unexpectedly turned negative. New customers grew at a mid-single-digit rate and monthly active users fell. MAU is volatile, but needs to improve next quarter. x.com  x.com  x.com  x.com 

Robinhood's growing revenue lines make the business more scalable as users and Gold subscriptions expand. Its Q3 slide shows 14 lines at or above $100M in annualized revenue, up from 11 in 2025. Funded customers reached 28.7M (+7% YoY), Gold subscribers 5.2M (+34%) and revenue per user $200 (+5%). The results were not mind-blowing: $1.424B revenue slightly missed estimates, while adjusted EPS of $0.60 beat. Last year's rapid growth is not sustainable. x.com  x.com  x.com 

Robinhood's growing prediction markets, options and Gold subscriptions make the $90s one of the most exciting times to buy. Q3 event-contract revenue reached $173 million, up over sixfold, options rose 31% to $399 million, and Gold subscribers reached a record 5.2 million. Crypto revenue fell 55% year over year to $120 million, and Dr. Crossroads reported misses on revenue and EPS; Robinhood remains a great buy as its international reach and banking services expand. x.com  x.com  x.com 

Robinhood's stock needs faster user growth to move higher, and that is its biggest challenge in 2026. The long-term thesis rests on both user growth and users' wealth growing as they age. Wealth growth is going well, but user growth isn't holding ground against competitors, with about 400,000 customers added through February. x.com 

Robinhood's assets under custody hit a record $377B at the end of May, up 48% year over year, which CEO Vlad Tenev calls the company's most important metric. Robinhood has historically converted about 2% of assets under custody into annual revenue, putting Q2 2026 on track to be its biggest quarter ever, and early June brought the first meaningful insider buying in years. With the stock still about 42% below its highs, Robinhood is easily a $500 billion company in the making. x.com  x.com 

Robinhood's prediction-market growth can support revenue regardless of crypto sentiment because event contracts, including sports betting, are less boom-and-bust than crypto. Its Q3 event-contract revenue reached $173 million, or 12.2% of total revenue, versus $120 million from crypto trading. x.com 

Robinhood's earnings miss leaves its revenue vulnerable to a market correction. Revenue could shrink further if the market corrects; a better entry may emerge over the next six months, but that is not assured. x.com 

Robinhood's setup is starting to look dangerous again, making it worth getting back into. x.com