Robinhood

Robinhood has pivoted to prediction markets and cryptocurrency wallets, achieving a $76B market cap by April 2026. This represents a 2.4x increase from its 2023 low, outperforming the average trading platform growth of 1.1x. However, its revenue per user is $320 annually, 18% lower than #1 Stripe's enterprise metrics. Robinhood's cryptocurrency wallet has 12 million active users, generating $890 million in quarterly trading fees—a figure that surpasses typical rivals by 25%. The prediction markets add a volatile but high-margin revenue stream, crucial for sustaining its valuation.