The meme stock app made $1.9 billion last year. Not revenue - profit.
Robinhood has been quietly building something bigger while everyone still jokes about GameStop. $324 billion in customer assets. 4.2 million paying subscribers. Banking, retirement accounts, prediction markets. They’re copying the fintech super-app playbook.
But old habits die hard. Crypto trading crashed 38% last quarter and took revenue estimates down with it. At 35x earnings, investors are betting Robinhood has truly changed. Has it?
Here's how the community voted
The diversification is real - Gold subscribers grew 58% to 4.2 million, generating recurring subscription revenue. Options trading grew 41%, retirement accounts hit $26.5 billion, and they just launched banking. This isn’t just a trading app anymore.
The numbers are undeniable - Full year 2025 delivered $4.5 billion in revenue (up 52%), $1.9 billion in net income, and record earnings per share of $2.05. Platform assets grew 68% to $324 billion. The company is printing money.
They’re expanding fast - Robinhood acquired crypto exchange Bitstamp for European reach, launched prediction markets (now their fastest-growing business ever), and rolled out a desktop platform to compete with serious brokers. They’re not standing still.
Crypto dependency is still a problem - Crypto revenue crashed 38% in Q4 as Bitcoin pulled back from its highs. When trading volumes dry up, so does a big chunk of Robinhood’s revenue. The meme stock volatility that built this company doesn’t last forever.
The diversification is real - Gold subscribers grew 58% to 4.2 million, generating recurring subscription revenue. Options trading grew 41%, retirement accounts hit $26.5 billion, and they just launched banking. This isn’t just a trading app anymore.
The numbers are undeniable - Full year 2025 delivered $4.5 billion in revenue (up 52%), $1.9 billion in net income, and record earnings per share of $2.05. Platform assets grew 68% to $324 billion. The company is printing money.
They’re expanding fast - Robinhood acquired crypto exchange Bitstamp for European reach, launched prediction markets (now their fastest-growing business ever), and rolled out a desktop platform to compete with serious brokers. They’re not standing still.
Crypto dependency is still a problem - Crypto revenue crashed 38% in Q4 as Bitcoin pulled back from its highs. When trading volumes dry up, so does a big chunk of Robinhood’s revenue. The meme stock volatility that built this company doesn’t last forever.
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Long term diamond IMHO but not going to buy at the current price. Increasing exposure to public markets by retail I think is a long term structural trend. More and more will need to take ownership of their ability to retire and I think financial literacy etc still has a long way to go. UK has a big drive on at the moment to get people to move out of cash and into equities. Those who can make it easier and more interesting, the better.