At roughly $119 a share, Robinhood’s July 2021 IPO price of $38 would value a $10,000 investment at about $31,300. Shares had fallen 82% to $6.89 in June 2022; Q2 2026 revenue was up 32% year over year, with crypto below 8%.
Robinhood’s Q2 2026 revenue was $1.31 billion. Net interest revenue reached $389 million, event contracts contributed $156 million, and its paid Robinhood Gold service had a record 4.8 million subscribers, up 39% year over year.
Revenue fell 25% to $1.36 billion in 2022, when the company recorded a $1.03 billion net loss, but reached $4.5 billion in 2025 as net income rose to $1.9 billion. The author says the stock trades at about 41 times expected 2027 earnings and believes much of the improvement is already reflected in its price.
