AI Takeaway
Robinhood Markets (HOOD) delivered strong Q1 2026 results with revenue surging 15.1% YoY to $1.07B and net income of $350M, while operating cash flow tripled to $2.04B, reflecting robust platform growth.
Revenue
$1.07B
++15.10% YoY
EPS (Basic)
$0.39
++2.63% YoY
Filed · Source: SEC EDGAR 10-Q filing
Total revenue grew 15.1% year-over-year to $1.067B in Q1 2026, up from $927M in Q1 2025, demonstrating continued expansion of Robinhood's transaction-based and net interest revenue streams.
Source: Source: 10-Q Financial Data, Income Statement
Operating cash flow surged 217.4% YoY to $2.038B from $642M, indicating a dramatic improvement in cash generation efficiency and working capital management relative to the prior year period.
Source: Source: 10-Q Financial Data, Cash Flow Statement
Total assets grew 65.3% YoY to $45.47B from $27.52B, with current assets rising to $43.41B, largely reflecting growth in customer-related assets (e.g., securities owned, margin lending) typical of a brokerage platform scaling its user base.
Source: Source: 10-Q Financial Data, Balance Sheet
2 more insights available
Upgrade to unlockTotal liabilities surged 82.9% YoY to $35.79B, growing significantly faster than total assets (65.3%), which compresses the equity cushion. The current ratio of 1.22x, while above 1.0, leaves limited buffer if customer withdrawals or market dislocations accelerate liability demands.
Source: Source: 10-Q Financial Data, Balance Sheet
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $0.38 versus the $0.43 analyst consensus — a -12.5% miss for Q1 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.07B | $927M | +15.10% |
Net Income | $350M | $336M | +4.17% |
EPS (Basic) | $0.39 | $0.38 | +2.63% |
EPS (Diluted) | $0.38 | $0.37 | +2.70% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $45.47B | $27.52B | +65.26% |
Current Assets | $43.41B | $26.21B | +65.60% |
Total Liabilities | $35.79B | $19.56B | +82.92% |
Current Liabilities | $35.55B | $19.43B | +82.98% |
Cash & Equivalents | $5.01B | $4.42B | +13.50% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $2.04B | $642M | +217.45% |
Investing Cash Flow | $-284M | $9M | -3255.56% |
Financing Cash Flow | $180M | $-417M | +143.17% |
Share Buybacks | $250M | $322M | -22.36% |
D&A | $23M | $20M | +15.00% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 32.8% | — | — |
ROA | 0.8% | — | — |
Current Ratio | $1.221 | — | — |
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Robinhood reported Q1 2026 revenue of $1.067B, up 15.1% year-over-year, and net income of $350M with a 32.8% net margin. Operating cash flow was a standout at $2.038B, more than tripling from $642M in Q1 2025.
Robinhood posted basic EPS of $0.39 and diluted EPS of $0.38 in Q1 2026, up 2.6% and 2.7% YoY respectively. Whether these figures beat Wall Street consensus estimates would require comparison to analyst forecasts not included in this filing.
The key takeaways are: revenue grew 15.1% to $1.07B, operating cash flow surged 217% to $2.04B, and total assets expanded 65% to $45.47B reflecting platform scale. However, net income grew only 4.2%, suggesting some cost pressure relative to revenue growth.
Based on the financial data, key risks include rapid liability growth (up 82.9% YoY to $35.79B), net income growing slower than revenue (4.2% vs. 15.1%), and ongoing regulatory risk inherent to retail brokerage operations. The current ratio of 1.22x provides only a modest liquidity buffer.
Robinhood's financial health appears solid with $5.01B in cash, a 32.8% net margin, and strong operating cash flow of $2.04B. However, the balance sheet is highly leveraged with $35.79B in liabilities against $45.47B in assets, which is common for brokerages but warrants monitoring.