Financials · Investment Banking & Brokerage · US stock · price as of 22 Oct 2026
Key indicators
Price
$96.58
52-week range
$63.52 – $150.47
Market cap
$88.1B
P/E (trailing)
42.7×
Dividend yield
–
Revenue (last 12 months)
$4.9B
Revenue growth (3y a year)
48.8%
Price / book
9.2×
Return on equity
21.7%
Fair value
Fair value (average of valid models)$72.60 middle half of models $60 – $81
Versus priceOvervalued−25% to fair value
P/E multiple
$97.72
P/B multiple
$55.76
P/S multiple
$64.32
Model uncertainty
Medium
X-Ray Score
45/ 100 · Medium confidence · ahead of 28% of sector peers
Valuation3
Growth91
Profitability52
Financial health40
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Robinhood Markets runs a mobile and web investing platform for retail customers. Users can trade stocks, exchange-traded funds, options and cryptocurrencies, save for retirement, and use cash management and credit card products, with a paid Gold subscription offering extra features. The company aims to make investing accessible to everyday customers and operates in the United States and some other markets.
Robinhood earns transaction-based revenue from options, equities and crypto trading, net interest income on customer cash and margin loans, and subscription fees. In the last twelve months revenue was $4.9 billion, and it has grown at 48.8% a year across the last three years. The operating margin is 49.0%, and the business earns a profit of 47% on the capital invested in it. No dividend is paid.
StocksXray gives Robinhood Markets, Inc. an X-Ray Score of 45 out of 100 (medium confidence), ahead of 28% of the S&P 500 stocks in its sector. Its strongest lens is growth (91) and its weakest is valuation (3).
Our fair value (the average of the valid models) is $72.60 (range $60.04 to $81.02). At $96.58 the stock trades 33% above that value, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Robinhood Markets, Inc. (HOOD)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$17.76
$8.14
$12.74
$37.26
$113.10
$96.58
Market cap
$8.7B
$7.2B
$11.3B
$33.8B
$103.9B
$88.1B
P/E
–
–
–
23.9×
55.2×
42.7×
Price / book
1.2×
1.0×
1.7×
4.2×
11.4×
9.2×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 4 Good · ● 0 Average · ● 2 Bad · each check graded against the sector
Risk models
Piotroski F-Score4 of 9Bad
Growth
Revenue growth (3y)48.8%Good
Growth consistency100%Good
Valuation
Fair value vs price0.8×Bad
Profitability
Return on invested capital47.3%Good
Operating margin49.0%Good
XStocksXray
Robinhood Markets, Inc. (HOOD)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,815
1,358
1,865
2,951
4,473
4,932
Net income
-3,687
-1,028
-541
1,411
1,883
2,072
Diluted EPS ($)
-7.49
-1.17
-0.61
1.56
2.05
2.26
Net margin
−203.1%
−75.7%
−29.0%
47.8%
42.1%
42.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
19,769
23,337
17,624
26,187
38,137
56,550
Cash
6,253
6,339
4,835
4,332
4,261
5,362
Total debt
–
–
–
–
–
–
Equity
7,293
6,956
6,696
7,972
9,151
9,541
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
