Overview
- Q3 2025 results met expectations at $1.19 billion in revenue with earnings per share of $0.48.
- Momentum built through 2025 after Q2 revenue of $989 million and net income of about $386 million, following a $1.4 billion profit in 2024 versus a $541 million loss in 2023.
- The stock has surged more than 400% over the past year to roughly a $130 billion market cap, and the company joined the S&P 500 in September 2025.
- The platform now serves more than 26 million users as it adds savings accounts and debit cards, explores tokenized stocks in Europe, and plans at‑home cash delivery for withdrawals.
- Revenue has shifted toward interest income, crypto activity and Gold subscriptions, supporting an estimated 88% gross margin but a rich valuation with a P/E above 70 that heightens sentiment risk.