Robinhood

The popular US retail broker $Robinhood(HOOD.US) posted its Q3 results. Two quick takes:

1) Operations: Against the Q3 US market backdrop, HOOD’s operating metrics looked solid. Core revenue drivers — equities, options, and event contracts — were at or near quarterly highs, and market share moved higher.

2) Where’s the strength? Revenue was 1.42 bn, up 12% YoY, which screens as a rich multiple for modest growth. However, last year’s crypto frenzy set an unusually high base for 2026. In Dolphin Research’s view...

Q3 revenue rose 12% YoY to a record $1.4bn. Oct. net deposits topped $13bn, taking YTD inflows above $68bn.

Many readers asked Dolphin Research to update its take on the Q2 results of the US retail broker $Robinhood(HOOD.US). I went through the numbers and have a few key points. First, the $25k equity requirement for day trading was lifted on Jun 4.

Below is Dolphin Research's HOOD FY26Q2 earnings call Trans, followed by a recap of the core financials. Section I covers key takeaways.

Below is Dolphin Research's Trans of HOOD FY25 Q4 earnings call; for the earnings read, see 'Robinhood: After the frenzy, what's left for the U.S. retail king?'. Section I: Key metrics — Customers & assets.

Quadrupled in nine months, then halved in four. From 2025 into 2026, few U.S. 'meme-like' tickers swung as wildly as retail broker platform $Robinhood(HOOD.US).

After the U.S. close on Feb. 10, 2026, on Longbridge, the retail king posted its Q4 2025 results as scheduled. But the print dealt a fresh blow to hopes of a rebound.

Details: 1) Revenue was $1.28bn (+27% YoY, roughly flat QoQ). Street was at $1.35bn...

Stocks, virtual assets, tokens, private equity, social... all need to be done

On November 6th, the American influencer retail brokerage stock $Robinhood(HOOD.US) released its earnings report before the U.S. stock market opened. After a nearly 300% surge over three quarters, the market's expectations were high. Can the actual results meet the capital market's enthusiastic expectations? Let's take a closer look: 1. Total revenue was $1.27 billion, up 100% year-on-year and 29% quarter-on-quarter; it slightly exceeded Bloomberg's consensus estimate of $1.21 billion. However, since the company had already announced impressive operational data for September on September 29th, the real buy-side expectations have been elevated since then...

In more than ten years, nothing has shaken up the capital markets like tokenization—just as stable coins have for fiat money.

As long as the virtual asset bull market persists, HOOD is likely to continue being the Alpha stock in the broker Beta market trend.