Robinhood Markets (HOOD) Investor presentation summary

Strategic vision and market opportunity

• Aims to become the leading global financial ecosystem, focusing on active traders and next-generation wallet share over the next decade.

• Identifies a total addressable revenue market exceeding $600B, with current penetration under 1%.

• Sees generational wealth transfer and global expansion as major growth drivers.

• Targets new markets and product areas, including prediction markets, tokenization, and family investing.

• Highlights significant opportunity in international markets, where stock ownership rates lag the US.

Product innovation and market share

• Maintains industry-leading product velocity, launching features like commission-free trading, 24-hour markets, and retirement accounts with matching.

• Achieved substantial market share gains in equities (+44% YoY), options (+147%), crypto (+130%), and margin (+70%).

• Organic asset growth and high customer retention (96% pre-escheatment) support robust platform expansion.

Financial performance and business model

• Ended 2025 with 27M funded customers (+1.8M YoY) and $322B in platform assets (+67% YoY).

• Reported $4.5B in net revenues (+52% YoY), $2.5B adjusted EBITDA (+76% YoY), and a 56% adjusted EBITDA margin.

• Diluted EPS reached $2.05, up $0.49 YoY, with a strong capital position and $4B+ in cash, investments, and stablecoins.

• Revenue streams are diversifying, with 11 business lines generating $100M+ in annualized revenue.