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Story summary
- Robinhood's stock rose over 8% in premarket trading after its S&P 500 inclusion announcement, effective September 22, 2025.
- With a market cap nearing $90 billion, it replaces Caesars Entertainment in the index, highlighting its growth since the 2021 IPO.
- Q2 revenue increased 45% to $989 million, with net income doubling to $386 million due to heightened trading and cryptocurrency activity.
- The SEC closed its investigation into Robinhood, enhancing its favorable regulatory position for cryptocurrencies.
- Shares have tripled in 2025, indicating a strong recovery from earlier volatility.
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