<p>投资平台 <strong>Robinhood Markets</strong>(HOOD -4.78%) 的股票在过去一年中暴涨，涨幅近 370%。它在创新投资选项方面享有强劲的增长和投资者信心，股票价格现在已经远超之前的高点，飞速上涨。</p>
<p>让我们看看它能否在未来五年内保持这种增长，以及 Robinhood 可能发生的事情。</p>
<h2>新的 Robinhood</h2>
<p>Robinhood 这个名字巧妙地传达了该公司旨在帮助普通人致富的目标。它因提供免费交易而声名鹊起，吸引了许多新手投资者，同时也因成为几年前引发一些空头挤压的迷因投资者的首选平台而声名狼藉。</p>
<p>它已经超越了这一点，成为金融科技领域的真正参与者。尽管其核心产品是交易平台，但它通过金融生态系统提供了一整套金融服务，包括银行账户和信用卡。其产品具有创新性，提供了在该领域独特的体验，其以价值为驱动的商业模式吸引了精明的投资者。Robinhood 以快速的速度增加新客户，并通过收费产品和高级会员计划实现盈利。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>它在 2025 年第一季度报告了出色的业绩。收入同比增长 50%，尽管其中大部分是由于加密货币收入增长 100% 所驱动，但其他交易产品的销售也有所增加，股票上涨 44%，期权增长 56%。还有许多其他亮点，包括过去 12 个月存款年化增长 44% 和净利息收入增长 14%。净收入较去年增长 114%。</p>
<p>获得资金的客户增加了 190 万，或 8%，达到 2580 万，用户平均收入增长 39%，达到 145 美元。它增加了 55 万名黄金会员，或同比增加 150 万，几乎是去年的两倍。黄金会员每月支付 5 美元或每年 50 美元，并享有如个人退休账户（IRA）3% 的匹配和未投资资金 4% 的利息等福利。</p>
<h2>机会、风险和估值</h2>
<p>该公司不断推出新产品并升级其平台。最近推出了一系列新服务，包括 Robinhood 策略和 Robinhood 银行，并在国际上推出更多服务。它还有更多计划在今年剩余时间内实施，例如扩展加密平台和继续银行业务的推出。它最近宣布了一项针对欧洲客户的新代币化产品，使他们有机会在遵循某些美国股票的区块链上购买代币。</p>
<p>Robinhood 在金融领域采取了一种新颖甚至具有远见的方式，与特定人群产生共鸣，这种大胆的愿景应该会在未来五年内引领其进入多个增长领域。</p>
<p>然而，这里存在几个风险。首先是对加密货币的关注。这种关注在一定程度上促成了 Robinhood 在过去一年的迅猛增长，但如果趋势发生变化，它也可能将公司拉回现实。投资 Robinhood 股票对加密货币的信心是一个很大的支持。如果你对加密交易充满信心，Robinhood 可能是一个很好的方式来获得曝光，同时投资于一家拥有实物资产的公司。但这伴随着波动性。</p>
<p>Robinhood 的股票也相当昂贵，市盈率为 62，市销率为 31。在未来五年内，保持这种估值下的增长可能会面临挑战。</p>
<p>如果你有健康的风险偏好，并且是加密货币的支持者，你可能会对投资 Robinhood 感兴趣，五年后它的估值可能会更高。然而，风险承受能力较低的投资者则应当观望。</p>

HOOD

<p>Robinhood Markets (HOOD) 在过去一年中股价上涨了惊人的 370%，这得益于强劲的增长和投资者信心。该平台以免费交易而闻名，已扩展其产品，包括银行账户和信用卡。在 2025 年第一季度，收入同比激增 50%，其中加密货币和交易产品贡献显著。尽管其创新方法带来了机遇，但也存在依赖加密货币和高估值指标的风险。风险偏好较高的投资者可能会在 Robinhood 中发现潜力，而风险承受能力较低的投资者则应保持谨慎</p>

<p>Investment platform <strong>Robinhood Markets</strong>(HOOD -4.78%) stock has exploded over the past year, up nearly 370%. It's enjoying strong growth as well as investor confidence in its innovative investing options, and the stock is now well past its previous highs as it soars into the stratosphere.</p>
<div class="lb-trans"><p>投资平台 <strong>Robinhood Markets</strong>(HOOD -4.78%) 的股票在过去一年中暴涨，涨幅近 370%。它在创新投资选项方面享有强劲的增长和投资者信心，股票价格现在已经远超之前的高点，飞速上涨。</p>
</div><p>Let's see if it can maintain this growth over the next five years and what might be happening at Robinhood.</p>
<div class="lb-trans"><p>让我们看看它能否在未来五年内保持这种增长，以及 Robinhood 可能发生的事情。</p>
</div><h2>The new Robinhood</h2>
<div class="lb-trans"><h2>新的 Robinhood</h2>
</div><p>Robinhood is a clever name for a company aiming to help the everyman get richer. It rose to fame with its free trades that attract the novice investor, and some infamy as it became the platform of choice for meme investors who generated some short-squeezes a few years ago.</p>
<div class="lb-trans"><p>Robinhood 这个名字巧妙地传达了该公司旨在帮助普通人致富的目标。它因提供免费交易而声名鹊起，吸引了许多新手投资者，同时也因成为几年前引发一些空头挤压的迷因投资者的首选平台而声名狼藉。</p>
</div><p>It has moved past that to become a real player in fintech. Although its core product is its trading platform, it offers a large suite of financial services through its financial ecosystem, including bank accounts and a credit card. Its offerings are innovative, delivering a truly unique experience in its field, and its value-driven business approach appeals to savvy investors. Robinhood is adding new customers at a rapid pace, and it's monetizing them with fee-based products and a premium membership program.</p>
<div class="lb-trans"><p>它已经超越了这一点，成为金融科技领域的真正参与者。尽管其核心产品是交易平台，但它通过金融生态系统提供了一整套金融服务，包括银行账户和信用卡。其产品具有创新性，提供了在该领域独特的体验，其以价值为驱动的商业模式吸引了精明的投资者。Robinhood 以快速的速度增加新客户，并通过收费产品和高级会员计划实现盈利。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823514%2Fanalyst-investor-remote-tracking-trends-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>It reported stellar results in the 2025 first quarter. Revenue increased 50% year over year, and although much of it was driven by a 100% increase in cryptocurrency revenue, it was also driven by higher sales of other trading products like equities, which were up 44%, and options, which increased 56%. There were many other highlights, including a 44% increase in deposits annualized over the past 12 months and a 14% increase in net interest revenue. Net income was up 114% from last year.</p>
<div class="lb-trans"><p>它在 2025 年第一季度报告了出色的业绩。收入同比增长 50%，尽管其中大部分是由于加密货币收入增长 100% 所驱动，但其他交易产品的销售也有所增加，股票上涨 44%，期权增长 56%。还有许多其他亮点，包括过去 12 个月存款年化增长 44% 和净利息收入增长 14%。净收入较去年增长 114%。</p>
</div><p>Funded customers increased 1.9 million, or 8%, to 25.8 million, and average revenue per user increased 39% to $145. It added 550,000 gold members, or 1.5 million year over year to nearly double last year's figure. Gold members pay $5 a month or $50 annually and get perks like 3% matching in individual retirement accounts (IRA) and 4% interest on uninvested funds.</p>
<div class="lb-trans"><p>获得资金的客户增加了 190 万，或 8%，达到 2580 万，用户平均收入增长 39%，达到 145 美元。它增加了 55 万名黄金会员，或同比增加 150 万，几乎是去年的两倍。黄金会员每月支付 5 美元或每年 50 美元，并享有如个人退休账户（IRA）3% 的匹配和未投资资金 4% 的利息等福利。</p>
</div><h2>Opportunities, risks, and valuation</h2>
<div class="lb-trans"><h2>机会、风险和估值</h2>
</div><p>The company is constantly releasing new products and upgrading its platform. It recently launched a slew of new services including Robinhood Strategies and Robinhood Banking, and it's rolling out more services internationally. It has more plans for the remainder of the year, such as expanding the crypto platform and continuing the banking rollout. It recently announced a new tokenization product for European customers that gives them the opportunity to buy tokens on a blockchain that follows certain U.S. stocks.</p>
<div class="lb-trans"><p>该公司不断推出新产品并升级其平台。最近推出了一系列新服务，包括 Robinhood 策略和 Robinhood 银行，并在国际上推出更多服务。它还有更多计划在今年剩余时间内实施，例如扩展加密平台和继续银行业务的推出。它最近宣布了一项针对欧洲客户的新代币化产品，使他们有机会在遵循某些美国股票的区块链上购买代币。</p>
</div><p>Robinhood is taking a fresh and even visionary approach to finance that resonates with a certain demographic, and that bold vision should lead it into many growth areas over the next five years.</p>
<div class="lb-trans"><p>Robinhood 在金融领域采取了一种新颖甚至具有远见的方式，与特定人群产生共鸣，这种大胆的愿景应该会在未来五年内引领其进入多个增长领域。</p>
</div><p>However, there are several risks here. The first is the focus on cryptocurrency. That focus is somewhat responsible for Robinhood's meteoric rise over the past year, but it could equally bring the company down to earth if trends change. Investing in Robinhood stock is a big thumbs-up for cryptocurrency. If you have a lot of confidence in crypto trading, Robinhood could be an excellent way to get exposure while investing in a company that has tangible assets. But it comes with volatility.</p>
<div class="lb-trans"><p>然而，这里存在几个风险。首先是对加密货币的关注。这种关注在一定程度上促成了 Robinhood 在过去一年的迅猛增长，但如果趋势发生变化，它也可能将公司拉回现实。投资 Robinhood 股票对加密货币的信心是一个很大的支持。如果你对加密交易充满信心，Robinhood 可能是一个很好的方式来获得曝光，同时投资于一家拥有实物资产的公司。但这伴随着波动性。</p>
</div><p>Robinhood stock is also quite expensive, trading at a P/E ratio of 62 and a price-to-sales ratio of 31. Over the next five years, it could be challenging to keep up growth at that valuation.</p>
<div class="lb-trans"><p>Robinhood 的股票也相当昂贵，市盈率为 62，市销率为 31。在未来五年内，保持这种估值下的增长可能会面临挑战。</p>
</div><p>If you have a healthy appetite for risk and are a fan of cryptocurrency, you may be interested in taking a position in Robinhood, which could be valued a lot higher five years from now. Investors with a low risk tolerance, however, should sit this one out.</p>
<div class="lb-trans"><p>如果你有健康的风险偏好，并且是加密货币的支持者，你可能会对投资 Robinhood 感兴趣，五年后它的估值可能会更高。然而，风险承受能力较低的投资者则应当观望。</p>
</div>

五年后 Robinhood 的股票会处于什么位置？