Robinhood just dropped their Q3 2026 numbers and it’s looking pretty solid with 1.42 billion in revenue, that’s a 12% bump from last year. 💰
But their crypto side? Oof, revenue tanked 55% down to like 120 million rn. 😭
Crypto Weakness Meets Gains in Event Contracts and Options 🎲
Transaction based revenue went up 19% to 867 million, with event contracts bringing in 173 million which is a sixfold jump. 📈
Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues, Shiv Verma the CFO said.
Net deposits hit 15.7 billion and total platform assets climbed to 396 billion for a 19% jump thanks to higher equity vals.
Options revenue rocketed 31% to 399 million while equities gained 41% adding 121 million tho. 🚀
Crypto tho was the odd one out with that 120 million marking a 55% decline and volume on the main app dropped 48% year over year to 21 billion. 📉
Net income hit 476 million but that’s still 14% lower than last year including 0.07 per share or 67 million in unrealized losses mostly from their venture fund. 💸
Costs grew faster than revenue with operating expenses up 16% to 739 million cuz of higher credit loss provisions and net interest revenue slid 9% to 415 million due to lower securities lending.
Customer Numbers Up Amid Overseas Expansion 🌍
Funded customers jumped 7% to 28.7 million and they launched crypto trading in the UK plus got authorization from the Dubai Financial Services Authority with plans for a 2027 rollout there. 🥳
Their Robinhood Chain launched in June became a top 5 chain by revenue and volume after generating over 80 billion in DEX volume and more than 50 million in revenue. 🔗
Management trimmed their 2026 adjusted operating expenses outlook by 25 million to a range of 2.675 billion to 2.75 billion. 😂
Just another echo from the void by iconofsin.eth 💖
