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Robinhood Q3 earnings results
(Spencer Platt/Getty Images)

Robinhood beats on earnings and revenue, finance chief to retire

The new addition to the S&P 500 is its top-performing member in 2025.

Matt Phillips

Robinhood Markets reported Q3 results after the close of trading Wednesday that beat analysts’ expectations.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of our compensation.)

The crypto, options, and stock-trading platform reported:

  • Adjusted earnings per share of $0.61 vs. consensus estimates of $0.53.

  • Sales of $1.274 billion vs. expectations for $1.21 billion, according to Bloomberg.

Robinhood also said its CFO, Jason Warnick, plans to retire next year, after seven years running finances for the company. He’ll be replaced by Robinhood veteran Shiv Verma.

Shares were recently down 0.3% after-hours.

Beyond the trading of stocks, options, and crypto, color on Robinhood’s prediction markets business will also be in focus during the upcoming conference call. The exchange launched a hub for trading event contracts in partnership with Kalshi earlier this year, and has recently been aggressively bolstering its suite of offerings in the space.

When it was added to the S&P 500 in September, Robinhood leapt to the top of the list of year-to-date gainers. The stock was up more than 280% through the end of trading Wednesday.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.