Robinhood Is Becoming a Full-Service Financial Platform. Is the Stock a Buy?
Robinhood has grown its business impressively in a very short period, but there's a small issue that shouldn't be ignored.
Robinhood Is Becoming a Full-Service Financial Platform. Is the Stock a Buy?
Overview
Founded in 2013, Robinhood (NASDAQ: HOOD) changed the brokerage industry with its free trading model. Today, the broker's product lineup has expanded well beyond stocks to include products like cryptocurrencies and prediction markets. With a focus on smaller investors, Robinhood is living up to its goal to "democratize finance for all." But is becoming a full-service financial platform enough to make the stock a buy?
Although it was founded in 2013, Robinhood didn't go public until 2021. In its first earnings release in the second quarter of that year, it had $102 billion in custody. In the first quarter of 2026, roughly five years later, that figure had grown to $307 billion, and it is now called total platform assets, given the broadening of the company's business. The company has rapidly become a major player in the finance industry, building off its early success in attracting younger traders interested in stocks.
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Originally published at www.fool.com.
