Robinhood Markets, Inc. (HOOD) Form 10-Q — Oct 27, 2026
Robinhood's Q3 2026 total net revenues rose 12% year-over-year to $1,424 million, driven by record options revenue of $399 million and event contracts revenue of $173 million, though net income declined to $476 million from $556 million a year ago on higher credit loss provisions and lower cryptocurrency revenue. The balance sheet expanded materially, with total assets growing to $58.3 billion from $38.1 billion at year-end 2025, while crypto held in custody reached $37.9 billion. Robinhood also issued $2.2 billion of 0.00% convertible notes due 2029, launched a $1.5 billion buyback program, and completed acquisitions of WonderFi, Bitstamp, and TradePMR to drive diversification.
Key figures
- Eps
- 0.51
- Revenue
- 1424000000
- Net Income
- 476000000
- Total Debt
- 2660000000
- Total Assets
- 58271000000
- Cash Position
- 5829000000
- Q3 repurchases
- $25M (0.2M shares) plus $290M (2.7M shares) funded from Convertible Notes proceeds
- Capped calls cost
- 123200000
- Crypto in custody
- 37900000000
- Q3 crypto revenue
- 120000000
- Nine month revenue
- 3799000000
- Q3 options revenue
- 399000000
- Q3 diluted eps 2025
- 0.61
- Series 2026 1 notes
- $500M at ~4.86% weighted average coupon
- Series 2026 2 notes
- $500M issued October 2026 at ~5.58% weighted average coupon
- Nine month net income
- 1395000000
- Nine month repurchases
- $689M plus $290M convertible-related
- Q3 transaction revenue
- 867000000
- Q3 2025 total net revenue
- 1274000000
- Total stockholders equity
- 10078000000
- Citadel pfof concentration
- 17% of Q3 total net revenues
- Q3 event contracts revenue
- 173000000
- Convertible notes principal
- $2.2B 0.00% convertible senior notes due October 1, 2029
- Repurchase program authorization
- 1500000000
- Convertible notes conversion price
- 174.42
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.