HOOD
Robinhood Markets, Inc.Evidence as of 2026-10-06The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on HOOD
Seven analysts, the debate, the risk review, every claim cited. And the same for every name you hold.
Free plan, no credit card required. Silver opens the full report, $19.99 a month. AI-written · every claim cites a source · Insight, not advice.
Overview · Robinhood Markets, Inc.
Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners' guides, feature tutorials, and financial dictionary; Newsf…
Management team
- Mr. Chris Koegel · Vice President of Investor RelationsFind on LinkedIn
- Ms. Christina Y. Lai Esq. · VP, Deputy General Counsel & SecretaryFind on LinkedIn
- Mr. Baiju Prafulkumar Bhatt · Co-Founder, Chief Creative Officer & DirectorFind on LinkedIn
- Mr. Daniel M. Gallagher Jr. · Chief Legal, Compliance, and Corporate Affairs OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The surviving evidence establishes that Robinhood reported revenue rising from $ 989,000,000 in fiscal Q2 2025 to $ 1,308,000,000 in fiscal Q2 2026, while net income increased from $ 386,000,000 to $ 561,000,000 over the same quarter-to-quarter comparison. Diluted EPS moved from $ 0.42 in fiscal Q2 2025 to $ 0.62 in fiscal Q2 2026, and diluted weighted‑average shares outstanding were modestly lower at 912,000,000 as of fiscal Q2 2026 versus 917,940,660 in Q3 2025.
On a balance-sheet and market footing, cash and cash equivalents rose to $ 5,362,000,000 as of 2026-06-30 from $ 4,261,000,000 at FY 2025, while total liabilities increased to $ 47,009,000,000 from $ 28,986,000,000 over the same interval. Market indicators show high beta ( 3.12 vs SPY), elevated volatility (30‑day annualized vol ~ 73.5%), a present golden cross with price +7.9% above the 50‑day SMA and +21.0% above the 200‑day SMA (price 114.11 on 2026-10-05), and strong six‑month momentum (+63.5%, 93rd percentile). Filings disclose expanded regulatory, litigation and reputational risk, consolidation of Rothera, and revenue concentration in transaction‑based streams sensitive to trading volumes and liquidity‑provider relationships.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenues rose from $989,000,000 in the quarter ended 30 June 2025 to $1,308,000,000 in the quarter ended 30 June 2026 (comparisons: Q2 2025 vs fiscal Q2 2026, each 3‑month periods).
XBRL companyfacts · 0001783879-25-000251Net income increased from $386,000,000 in the quarter ended 30 June 2025 to $561,000,000 in the quarter ended 30 June 2026 (comparisons: Q2 2025 vs fiscal Q2 2026, each 3‑month periods).
XBRL companyfacts · 0001783879-25-000251Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The company added numerous risk disclosures in its periodic filings describing heightened regulatory, litigation, operational and reputational risks, including media/reputation risk, uncertainty around crypto classification, capital and liquidity constraints, and international licensing challenges (see the risk disclosures added to the filing).
Management's discussion · filed 2026-07-30Robinhood consolidated Rothera into its financial statements and disclosed that Rothera is a joint venture it does not wholly own or operationally control, but for which Robinhood designates a majority of the board and therefore consolidates Rotheras results; the company warned actions by Rothera could adversely affect Robinhoods business, results and reputation (10-Q filed 30 July 2026).
Management's discussion · filed 2026-07-30Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
The security's beta vs SPY is 3.12 and its correlation vs SPY is 0.57 as of 2026-10-05.
Moneyta signal set · 2026-10-05Six-month momentum is +63.5% and ranks in the 93th percentile of the 765-stock research universe as of 2026-10-05.
Moneyta signal set · 2026-10-05weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
13F-reportable institutional holdings total "$72.30B" as of 2026-06-30 (the reported quarter carries a 45-day filing lag).
13F holdings · 1413 filers · as of 2026-06-30BlackRock, Inc. is reported as a top 13F holder with a position valued at "$6.80B" in the 13F for the quarter ended 2026-06-30.
13F holdings · 1413 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Event contracts traded at Robinhood jumped more than tenfold in fiscal Q2 2026, to a record 13.6 billion contracts.
News · finance.yahoo.com · 2026-10-05The same coverage notes that crypto trading at Robinhood shrank in the period referenced alongside the event-contracts growth.
News · finance.yahoo.com · 2026-10-05Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 15 September 2026, Verma Shiv (Chief Financial Officer) sold a total of "11,472" shares for aggregate proceeds of "$1.267M" under a stated 10b5-1 plan (multiple Form 4 entries on that filing).
Form 4 · Verma Shiv (Chief Financial Officer) · $32k sold · 2026-09-15On 10 September 2026, Bhatt Baiju (Director) reported a sale of "43,373" shares for aggregate proceeds of "$4.976M" under a stated 10b5-1 plan (multiple Form 4 entries on that filing).
Form 4 · Bhatt Baiju (Director) · $0 code C · 2026-09-10Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The closing price used in this evidence is 114.11 on price date 2026-10-05.
Valuation inputs · SEC XBRL + stored EOD closeCash and cash equivalents as of 2026-06-30 are $5,362,000,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set shows sequentially stronger operating results and liquidity: revenue, net income and diluted EPS all rose notably year-over-year in the fiscal Q2 2026 comparisons (fundamentals-0, fundamentals-1, fundamentals-2), cash balances increased materially (fundamentals-4), and diluted shares fell modestly (fundamentals-3) which together mechanically supported EPS expansion. Market and ownership signals align with elevated investor interest: strong 6-month momentum and a golden-cross technical configuration (market-1, market-3), large institutional holdings and rising 13F aggregation including major allocators (ownership-0, ownership-1, ownership-2), and inclusion as a meaningful ARKK holding (ownership-3). Operational shift evidence — a tenfold jump in event-contracts volume (news-0) and commentary about strategic evolution (news-4) — provides company-specific drivers that help explain the revenue and income growth seen in the fundamentals. The bear case centers on rising liabilities and amplified regulatory/legal disclosures (fundamentals-5, filings-0, filings-2, filings-5) and elevated volatility/insider selling (market-4, insider-0..insider-5); however, the filings also disclose consolidation of a joint venture (filings-1), which helps account for a step-change in balance-sheet totals and may materially affect point-in-time liabilities reporting. Taken together, the claims jointly support a favorable read that growth in transaction volumes and diversification into event contracts coincided with improved profitability and cash generation, even as increased disclosures and consolidation explain observed liability increases and heightened regulatory attention.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.37
43 surviving claims rest on 17 distinct sources; the heaviest analyst carries 21% of them, and 98% of what the desk raised survived the debate.
The evidence set is moderately durable: 17 distinct sources provide some breadth, but a single analyst contributing 21% of the surviving claims creates noticeable analyst-dependence. The very high debate-survival rate (98%) indicates the desk’s assertions were little-challenged in review, so these claims are internally consistent — however, source concentration and analyst weight caution against treating the read as fully independent.
Peer context · computed, not argued
12-1 momentum ranks 11th of 22 in Software—Infrastructure (as of 2026-10-05).
6-month relative strength ranks 8th of 22 in Software—Infrastructure (as of 2026-10-05).
90-day volatility ranks 7th of 22 in Software—Infrastructure (as of 2026-10-05).
dividend yield ranks 4th of 20 in Software—Infrastructure (as of 2026-10-05).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.7 to the score
12 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.2 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
8 headlines· 1 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
5 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.8 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on HOOD Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Get this for the names you actually hold
Every name in your portfolio, researched the same way, plus the one thing no sample can show: how each one sits inside what you already own.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.