HOOD's maturing business supports >30% revenue growth for the next decade, justifying its high multiple and making it a strong long-term investment.

Another stock in the same area, Robin Hood. This is also down about 29%. And so you can see this is why the asymmetric portfolio has had a pretty rough 2026. But I really like where a lot of these companies are sitting because these are growth companies that have just been hit by multiple compression over the past couple of years.

You can see price to earnings multiple still high. I actually sold a little bit of my so of my Robin Hood holding late last year and that's because that valuation just got a little bit too stretched.

Price to free cash flow is about 35. So, like I said, not the cheapest stock, but it is a company that has grown consistently over the past few years, really coming out of the pandemic.

Had some negative times when cryptocurrency revenue started to drop, but you can see that they've compound revenue at about 50% since 2024. That growth rate come down a little bit, but we're still talking about a 30% growth rate over the past year.

And if you look at their sources of revenue, this is what's really changed over the past 3 or four years in particular. used to be much more yolo trading. So options trading and crypto was really going to be where they were going to get most of their revenue from.

You can see here that over the past year you're looking at most of the revenue is coming from net interest revenue. So this is going to be much more traditional interest coming from margin loans.

Some of that is going to be from the credit cards. You're also going to have options revenue in this bright green here. Cryptocurrency revenue still an important part of the business.

Equities revenue much smaller than you may think given how much transa how many transactions are happening on the Robin Hood platform. Only about $400 million in revenue over the past year and then other transaction-based revenue.

This is where prediction markets are going to fall into things for Robin Hood.

But really the maturation of Robin Hood is what what I think is the most important. This is a company that now has many more retirement accounts. Those accounts are growing at an incredibly rapid rate.

You can do custodial accounts for your kids. They're actually the ones that are running the Trump accounts. that's not going to be a huge revenue driver for them or an earnings driver because they're basically doing that on a cost plus basis.

But again, this is the kind of company that as they expand internationally, as they expand into more products, I think their revenue can continue to comp compound in excess of 30% for the next decade.

If that happens, the fact that the multiple is a little bit higher than I would maybe want at, you know, 50 times earnings right now, it's going to grow into that valuation. And I think that's going to be a phenomenal position for investors to be.