BlitzLab Scoring · Oct 2026 · Model v1.0 (frozen)
Robinhood — Blitz Index 60 (B)
Customers +7%, assets +67% — the blitz moved from account counts to asset share.
60Grade B
Confidence: High · S&P 500 · Category: platforms
Score breakdown
| Section | Score | Detail |
|---|---|---|
| A · Speed | 18 / 25 | TPA $322B (+67%); net deposits $68.1B (+35%); ARPU +40% |
| B · Moat | 39 / 60 | Prediction markets $84M→$302M; 13 $100M+ annual lines; $171 ARPU |
| C · Creative destruction | 12 / 15 | Democratized finance as distribution strategy — brokerage to banking superapp |
| D · BlitzFailing | −9 | Founder 58.1% vote; ~$80M in fines over 18 months; prediction-market grey zones |
Radar axes (0–100): Moat 65 · Speed 72 · Creative 80.
Watch item
Gates: G1 ✓ · G2 ✓. 5 points below the threshold — first score. H1 2026 +24% after FY2025's +52%: the dual-cycle engine's first headwind test.
Strengths
- TPA $322.1B (+67%) · net deposits $68.1B (+35%)
- 13 business lines at $100M+ annualized run-rate
- Adjusted EBITDA $2,520M (+76%)
- Institutional discovery: +139 13F holders (2026Q2)
Concerns
- H1 2026 revenue +24% — past the cycle peak?
- 59% trading-based + 34% net interest — a double hit if both cycles turn
- Founder 58.1% voting power + Bhatt departure
- ~$80M in fines over 18 months — the cost of growing in grey zones
Next earnings
Oct 27, 2026 · After close · Confirmed
Coverage
Robinhood Markets, Inc. · Q3 2026 due Oct 27, 2026 (AMC) · Score 60 · Grade B
BlitzLab scores businesses against a scholar’s standard — not investment advice. No price targets, no buy/sell recommendations. Figures are from SEC filings (XBRL) as labeled in the source scorecard.