Robinhood Markets (HOOD)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $97.5B, Robinhood Markets's free cash flow of $1.6B (fiscal 2025) would need to grow about 20% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 6 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Robinhood Markets's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from HOOD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Robinhood Markets's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.4B | $1.9B | $3.0B | $4.5B |
| Net income | -$3.7B | -$1.0B | -$541M | $1.4B | $1.9B |
| Free cash flow | -$968M | -$909M | $1.2B | -$194M | $1.6B |
| EPS (diluted) | -$7.49 | -$1.17 | -$0.61 | $1.56 | $2.05 |
| Operating margin | — | — | — | — | — |
Superinvestors who own HOOD
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $253M | 0.21% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $80M | 0.03% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $2M | 0.00% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $752,100 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Robinhood Markets's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 30, 2026 | Ro Khanna |
0 | $65.16 | — |
| Mar 30, 2026 | Ro Khanna |
0 | $65.16 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $72.68 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $72.68 | — |
| Jan 30, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $99.48 | — |
| Jan 30, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $99.48 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $101.24 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $101.24 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $106.99 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $106.99 | — |
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In the full deep dive
Questions
What growth does Robinhood Markets's stock price imply?
At a market value of $97.5B, Robinhood Markets would need its free cash flow to grow about 20% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 6 years its free cash flow grew 4% a year.
Are Robinhood Markets insiders buying the stock?
10 open-market insider purchases of HOOD in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Robinhood Markets?
4 of the superinvestors Investingly tracks hold HOOD in their latest 13F, including Hersh Cohen, Cliff Asness, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.