You added crypto names, Block, Robin Hood, PayPal, and Coinbase. Can you take us through that because it does follow a note that was out last week suggesting that crypto equities should be bought. Okay.Again, purely based on momentum here. This isn't so much where uh quality is the overriding factor. the quality metrics, debt to equity, return on equity, and revenue growth.In particular, revenue growth are particularly strong for these companies. So that kind of allows it to get to the next step. Remember, ...

Core Viewpoint - Robinhood Markets has shown impressive performance in Q2 2025, with strong revenue growth and earnings, despite a recent decline in share price following the earnings release [1][3][4]. Financial Performance - In Q2 2025, Robinhood reported revenues of $989 million, representing a 45% growth rate, surpassing analysts' estimates of $894 million and expectations of 31% growth [3]. - Adjusted earnings per share (EPS) were 42 cents, exceeding forecasts by 12 cents and reflecting a 100% increase compared to the anticipated 43% growth [3]. Revenue Breakdown - Transaction-based revenues accounted for 55% of total revenue, with a year-over-year growth of 65% [4]. - Revenue from trading crypto, options, and stocks increased by 98%, 45%, and 65% respectively [4]. Market Reaction - Despite strong earnings, shares declined nearly 3% on July 31, attributed to concerns over crypto revenue volatility and high expectations following a significant stock performance in 2025 [4][7][8]. - Robinhood's stock had a return of 185% year-to-date, making it the second-best performer in the Russell 1000 Index [7]. Analyst Sentiment - Following the earnings release, Wall Street analysts raised their price targets for Robinhood, with the average target increasing from $99 to just under $119, indicating a 20% boost [10]. - This price target adjustment suggests a potential upside of 15% for investors, contrasting with the recent decline in share price [11][13]. Future Outlook - The overall trend for Robinhood's business remains positive, despite some weakness in crypto trading revenues [14]. - The divergence between the stock's price action and Wall Street's updated targets strengthens the bullish case for Robinhood going forward [15].

证券研究报告 | 2025年08月04日 现代投资银行进化系列之二 优于大市 海外投行参与数字金融启示录 海外投资银行参与数字金融方兴未艾，新兴模式持续涌现。本文重点关注数 字资产发行与交易，相关业务相当于传统投行业务面向数字金融领域升级， 其中 RWA（真实世界代币化）集中体现该业务转型趋势。狭义上 RWA 是基于 真实世界资产在数字世界生成可交易的凭证（Token），广义 RWA 是资 产价值化的新赛道，是真实世界资产在数字领域上的表达。2020RWA 市 场规模从 2022 年的约 50 亿美元激增至 2025 年 7 月的约 252 亿美元， 行业发展已经从实验阶段进入规模化推广阶段。根据 BCG 和 ADDX 联合 预测，到 2030 年资产代币化的市场规模有望达到 16 万亿美元，约占全 球 GDP 的 10%。RWA 发展动力体现在：一是全球利率的快速上升使得美 国国债等传统安全资产吸引力提升，加密资产投资者希望在不离开区块 链生态的背景下获取这些资产的收益。二是大型机构加快涉足加密资 产，部分大型资产管理公司和金融科技公司开始将美国国债、私人信贷、 私募股权等多类别资产进行代币化；三是部分地区 ...

Investment Rating - The report assigns a strong buy rating for Robinhood, anticipating a performance exceeding the benchmark index by over 20% in the next six months [45]. Core Insights - Robinhood reported a robust year-over-year revenue growth of 45% in Q2 2025, achieving total revenue of $989 million and a net profit of $386 million, which represents a 105% increase [1][2]. - The company is focusing on product innovation and expansion into new markets, particularly in cryptocurrency and tokenized stocks, which are expected to drive future growth [4][11]. Financial Performance Overview - Total revenue for Q2 2025 reached $989 million, with transaction commission income of $539 million (YoY +65%), driven by options income of $265 million (YoY +46%), crypto income of $160 million (YoY +98%), and stock income of $66 million (YoY +65%) [2][6]. - Net interest income was $357 million (YoY +25%), benefiting from an increase in interest-earning assets and securities lending activities [2]. - Operating expenses totaled $550 million (YoY +12%), with adjusted operating expenses (non-GAAP) at $522 million (YoY +6%) [2]. User Metrics - Robinhood Gold membership reached 3.5 million users (YoY +76%), accounting for 13% of total customers, with a conversion rate of over 35% among new users [3]. - The number of funded customers increased to 26.5 million (YoY +10%), with an average revenue per user (ARPU) of $151 (YoY +34%) [3]. - Total platform assets reached $279 billion (YoY +99%), driven by continued net inflows and rising valuations in stocks and cryptocurrencies [3]. Business Guidance - The company started Q3 2025 strongly, with net customer deposits of $6 billion in July and growth in trading activities across multiple categories [11]. - Key initiatives for 2025 include expanding crypto products, launching tokenized stocks in 30 European countries, and enhancing institutional service capabilities following the acquisition of Bitstamp [4][11]. Product Development and Expansion - New products and features announced include Robinhood Strategies, Robinhood Banking (expected to launch in Fall 2025), and Robinhood Cortex for Gold members [8]. - The company is expanding its crypto asset offerings, adding 7 new EU crypto assets and 2 new US crypto assets, bringing the total to 55 and 28, respectively [8]. - Robinhood is developing a blockchain network, Robinhood Chain, focused on real-world asset tokenization [8]. Market Position and Competitive Strategy - The company is actively pursuing acquisitions to enhance product capabilities and expand its user base, with recent acquisitions including TradePMR, X1, Bitstamp, and WonderFi [30]. - Robinhood's strategy emphasizes maintaining a competitive pricing structure and enhancing user experience to retain market share against traditional brokers entering the crypto space [34].

hyperliquid just processed more volume than robinhood• $231b vs $150b monthly volume• $173m quarterly revenue• $2.96m daily revenuetradfi getting cooked by solana derivatives ...

智通财经8月1日电，加密货币概念股集体重挫，Coinbase跌超16%，Riot Platforms大跌逾18%，Circle、 Robinhood跌超8%。 ...

Core Insights - Robinhood Markets, Inc. (NASDAQ: HOOD) has experienced significant stock performance, with a year-to-date increase of 176% and a remarkable 1,200% rise from its 2022 lows, outperforming the S&P 500 index [1] Company Performance - The company's stock performance indicates strong market interest and investor confidence, suggesting a positive outlook for future growth [1] Market Context - The substantial gains in Robinhood's stock price reflect broader trends in the market, particularly in the technology and trading sectors, where investor sentiment has been favorable [1] Investment Strategy - The analysis highlights a focus on identifying high-performing companies like Robinhood, which may present attractive long-term investment opportunities [1]

Why Robinhood’s CEO Touted Tokenization 11 Times on Its Q2 Earning Call► https://t.co/Xelv97Horv https://t.co/Xelv97Horv ...

Robinhood’s crypto volumes slip QoQ, but analysts see upside from staking and blockchain push https://t.co/lrMkW52w0b ...

You're back up on the day you're bringing your year to date gains for Robin Hood closer and closer to 200%. Your stock has just soared this year. Do you feel pressure at that valuation now to increase your growth rate to meet investor expectations.I think we're always challenging ourselves to serve our customers better and consequently grow the business. But if if you're asking if I'm like looking at the stock and trying to trying to drive that directly. No, I mean, we're looking at the inputs to our busine ...