Robinhood Markets, Inc. (HOOD) reported a record quarterly revenue of $1.3 billion for the period ending [insert date], marking a 26.5% year-over-year increase. Adjusted earnings per share (EPS) also rose by 22%. The company saw Robinhood Gold subscribers grow 58% year-over-year to 4.2 million, and both equities and options volumes hit record highs.
SoFi Technologies, Inc. (SOFI) announced record new member additions of 1.0 million, up 35% year-over-year. The company reported total fee-based revenue of $443 million, a 50% increase, and loan originations reached $10.5 billion, a 46% jump. Personal loan originations alone hit $7.5 billion, also a record high.
Both companies’ stock valuations have dropped from previous highs, with Robinhood trading at a forward 12-month earnings multiple of 32.6, while SoFi stands at 28.8. Despite this decline, EPS expectations for both firms remain positive and stable for the current fiscal year.
