Robinhood reported platform assets increased 39% year-over-year to $307 billion in the quarter ended March 31, 2026, driven by higher customer deposits and trading volumes. The firm is leveraging this asset base to expand product offerings into cash management and retirement services, aiming to boost non-trading revenue.

Following the Q1 results, several sell-side analysts lifted their price targets and upgraded their ratings on Robinhood's stock, with a notable shift toward buy recommendations. These changes reflect increased confidence in Robinhood's growth strategy and potential for recurring revenue from expanded services.