Operators / Robinhood Markets
Robinhood Markets
Exchange · Robinhood Markets, Inc. · HOOD · Menlo Park, California[1]
IPO July 29, 2021 (Nasdaq: HOOD; S&P 500 component since Aug 2025). Nov 2025: announced joint venture with Susquehanna International Group to acquire MIAXdx, closed Jan 2026, to expand prediction-market offerings. Event contracts/futures were 14% of Q1 2026 "other transaction-based" revenue.
Financials
Market cap $98.0B · HOOD on NasdaqGS · Oct 11, 2026[7]
Est. U.S. revenue $4.5B · FY2025 · Robinhood 10-K total net revenues; no material international revenue split disclosed[8]
20192025
| Fiscal year | Revenue (USD) | Net income (USD) | Year end |
|---|---|---|---|
| FY2025 | $4.5B | $1.9B | Dec 31, 2025[6] |
| FY2024 | $3.0B | $1.4B | Dec 31, 2024[6] |
| FY2023 | $1.9B | −$541M | Dec 31, 2023[6] |
| FY2022 | $1.4B | −$1.0B | Dec 31, 2022[5] |
| FY2021 | $1.8B | −$3.7B | Dec 31, 2021[4] |
| FY2020 | $958M | $7.0M | Dec 31, 2020[3] |
| FY2019 | $278M | −$107M | Dec 31, 2019[2] |
Brands
- Robinhood Derivatives — Prediction markets
Regulatory actions
| Date | State | Against | Action | Amount | What happened |
|---|---|---|---|---|---|
| Sep 9, 2026 | Michigan | Robinhood Derivatives, LLC | Settlement Prediction markets | Robinhood Derivatives agreed, under a court-approved stipulation following Michigan's Kalshi injunction, to stop offering new sports-related event contracts to Michigan customers and to close out open positions by Oct. 9, 2026, without conceding the underlying legal dispute over state regulation of its contracts.[9] | |
| Dec 3, 2025 | Connecticut | Robinhood Derivatives, LLC | Cease and desist Prediction markets | DCP's Gaming Division ordered Robinhood Derivatives to stop offering sports event contracts to Connecticut residents without a license, on the same grounds cited against KalshiEX and Crypto.com, and to let CT residents withdraw funds.[10] | |
| Apr 7, 2025 | Maryland | Robinhood Derivatives, LLC | Cease and desist Prediction markets | Maryland Lottery and Gaming directed Robinhood Derivatives to immediately cease and desist offering its sports event contracts (including a college basketball tournament contract) in Maryland without a sports-wagering license.[11] | |
| Mar 31, 2025 | Ohio | Robinhood Markets, Inc. | Cease and desist Prediction markets | The same day it issued the Kalshi letter, OCCC sent Robinhood a cease-and-desist letter finding its sports event contracts constitute unlicensed sports gaming lacking Ohio's required consumer protections, and ordering it to stop offering them in Ohio by April 14, 2025.[12] | |
| Mar 27, 2025 | New Jersey | Robinhood Markets, Inc. d/b/a Robinhood | Cease and desist Prediction markets | The same day it issued the Kalshi letter, NJ DGE sent Robinhood a cease-and-desist letter demanding it immediately stop offering unauthorized sports event-contract wagering to New Jersey residents and void wagers already placed.[13] |
Sources
- Robinhood Markets · retrieved Oct 10, 2026
- Robinhood Markets, Inc. Form 10-K filed 2022-02-24 · retrieved Oct 11, 2026
- Robinhood Markets, Inc. Form 10-K filed 2023-02-27 · retrieved Oct 11, 2026
- Robinhood Markets, Inc. Form 10-K filed 2024-02-27 · retrieved Oct 11, 2026
- Robinhood Markets, Inc. Form 10-K filed 2025-02-18 · retrieved Oct 11, 2026
- Robinhood Markets, Inc. Form 10-K/A filed 2026-02-20 · retrieved Oct 11, 2026
- HOOD (HOOD) quote · retrieved Oct 11, 2026
- Robinhood Markets, Inc. Form 10-K for fiscal year ended December 31, 2025 · retrieved Oct 11, 2026
- Robinhood agrees to halt sports-related event contracts in Michigan amid ongoing litigation · retrieved Oct 11, 2026
- Connecticut Consumer Protection Orders Cease and Desist of Conducting Unlicensed Online Gambling · retrieved Oct 11, 2026
- Notice to Cease and Desist — Robinhood Derivatives, LLC · retrieved Oct 11, 2026
- Ohio Casino Control Commission issues cease and desist to three companies · retrieved Oct 10, 2026
- Cease and Desist Letter to Robinhood Markets, Inc. d/b/a Robinhood – Unauthorized Sports Wagering in New Jersey · retrieved Oct 11, 2026