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Where the tokens are
Trade HOOD perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $708.00M | $872.00M | $818.00M | $989.00M | $637.00M | $718.00M | $363.00M |
| Cost of revenue | $62.00M | $60.00M | $57.00M | $56.00M | $48.00M | $50.00M | $50.00M | $39.00M |
| Gross profit | $1.25B | $648.00M | $815.00M | $762.00M | $941.00M | $587.00M | $668.00M | $324.00M |
| Gross margin | 95.3% | 91.5% | 93.5% | 93.2% | 95.1% | 92.2% | 93.0% | 89.3% |
| Research and development | $256.00M | $241.00M | $232.00M | $237.00M | $214.00M | $214.00M | $208.00M | $205.00M |
| Selling, general and administrative | $303.00M | $281.00M | $271.00M | $287.00M | $231.00M | $238.00M | $152.00M | $192.00M |
| Operating expenses | $672.00M | $596.00M | $576.00M | $583.00M | $502.00M | $507.00M | $408.00M | $447.00M |
| Operating income | $574.00M | $52.00M | $239.00M | $179.00M | $439.00M | $80.00M | $260.00M | −$123.00M |
| Operating margin | 43.9% | 7.3% | 27.4% | 21.9% | 44.4% | 12.6% | 36.2% | -33.9% |
| EBITDA | $597.00M | $75.00M | $262.00M | $201.00M | $460.00M | $100.00M | $282.00M | −$103.00M |
| Interest income | $0 | $359.00M | $1.51B | — | $0 | $290.00M | $1.11B | — |
| Interest expense | $0 | $0 | −$1.10B | $456.00M | $0 | $0 | −$813.00M | $274.00M |
| Income before taxes | $709.00M | $411.00M | $661.00M | $634.00M | $442.00M | $371.00M | $558.00M | $153.00M |
| Income taxes | $136.00M | $65.00M | $56.00M | $78.00M | $56.00M | $35.00M | −$358.00M | $3.00M |
| Net income | $573.00M | $346.00M | $605.00M | $556.00M | $386.00M | $336.00M | $916.00M | $150.00M |
| Net margin | 43.8% | 48.9% | 69.4% | 68.0% | 39.0% | 52.7% | 127.6% | 41.3% |
| EPS, basic | $0.62 | $0.39 | $0.67 | $0.63 | $0.44 | $0.38 | $1.04 | $0.17 |
| EPS, diluted | $0.62 | $0.38 | $0.64 | $0.61 | $0.42 | $0.37 | $1.00 | $0.17 |
| Diluted shares | 912.00M | 915.04M | 938.95M | 917.94M | 909.00M | 909.24M | 918.87M | 905.54M |
Figures describe Robinhood shares, not any token. As of Jul 30, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.