, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2026. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).
Highlights (comparisons are to Q1 2025):
Revenue of $19.4 million, up 26% year over year ("YoY"). 14% gross margin a 37-point improvement from Q1 2025. 36% reductions in Total Operating Expenses2. Q1 ended with $516.8 million in cash and cash equivalents. Positive momentum in bus market with New Flyer commercial agreement and strong traction with European OEM's "In Q1, we made continued progress toward positive cash flow. Quarterly revenue grew 26% year over year, driven by increased engine shipments during the period. Disciplined cost management also contributed to an improvement in gross margins, which rose to 14%," said Marty Neese, Ballard's President and CEO. "These results build on the momentum established in 2025 and reinforce that we are on the right path."
"We continue to see strong momentum in the fuel cell bus market, supported by increasing long-term customer commitments. New Flyer's multi-year 50 MW agreement highlights accelerating fleet adoption in North America. In the U.K. and E.U., we are seeing strong traction with two additional bus OEMs that are advancing next‑generation hydrogen bus platforms powered by our FCmove®‑SC engine. They recognize the benefit of the FCmove®-SC engine to lower total cost of ownership through higher power density, enhanced durability, and simplified installation and maintenance. Together, these advancements support improved customer economics and position us for stronger margin performance over time," added Mr. Neese.
Mr. Neese continued, "Ballard maintains a leading position in the North American and European fuel cell bus markets, built on sustained commercial execution and technical leadership. Our engines have surpassed 300 million kilometers of real-world fleet operation, underscoring their durability and reliability in demanding applications."
He concluded, "We ended Q1 with $516.8 million in cash and no near- or mid-term financing requirements, providing a strong foundation to execute our strategy. This financial strength enables us to continue investing in product maturity, cost reduction, and customer success—key drivers of scalable growth and long-term value creation in hydrogen mobility."
Q1 2026 Financial Highlights
(all comparisons are to Q1 2025 unless otherwise noted)
Total revenue was $19.4 million in the quarter, representing 26 % year‑over‑year growth, reflecting continued momentum across multiple end‑markets. Bus revenue was $6.8 million, down 46% from Q1 2025, while Rail revenue increased to $5.1 million, a 4472% increase YoY. Stationary revenue increased to $5.2 million, up 775% YoY, while Other Markets revenue grew to $2.4 million, up 6% YoY. Gross margin was 14% in the quarter, an improvement of 37-points. Total Operating Expenses2 were $16.4 million, a decrease of 36%. Total Cash Used by Operating Activities was $7.8 million, compared to $24.4 million in the prior year, an improvement of 68 % YoY. Cash and cash equivalents were $516.8 million at the end of Q1 2026, compared to $576.7 million in the prior year. Adjusted EBITDA1 was ($11.4) million, compared to ($27.5) million in Q1 2025. The improvement in Adjusted EBITDA was driven primarily by margin and operating cost improvements. Order Backlog at the end of Q1 2026 was $112.9 million, a decrease of 5% compared to the end of Q4 2025. The 12-month Orderbook was $52.8 million at end of Q1, a decrease of $1.1 million or 2% from the end of Q4 2025. Order Backlog ($M)
Order Backlog at End-Q4 2025
Orders Received in Q1 2026
Orders Delivered in Q1 2026
Order Backlog at End-Q1 2026
Total Fuel Cell Products & Services
$119.3
$12.9
$19.4
$112.9
2026 Outlook
Consistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2026 is not provided. We expect revenue in 2026 will be back-half weighted. Total Operating Expense2 and Capital Expenditure3 guidance ranges for 2026 are as noted below. We continue to review and consider various options to reduce our operating cost structure and capital spend, which may result in revisions to our guidance ranges at a future date.
2026
Guidance
Total Operating Expense2
$65 - $75 million
Capital Expenditure3
$5 - $10 million
Q1 2026 Financial Summary
(Millions of U.S. dollars)
Three months ended March 31
2026
2025
% Change
REVENUE
Fuel Cell Products & Services:4
Bus
6.8
$12.5
(46 %)
Rail
5.1
$0.1
4472 %
Stationary
5.2
$0.6
775 %
Other Markets
2.4
$2.2
6 %
Total Fuel Cell Products & Services Revenue
19.4
$15.4
26 %
PROFITABILITY
Gross Margin $
$2.8
($3.6)
177 %
Gross Margin %
14 %
(23 %)
37pts
Total Operating Expenses2
16.4
$25.5
(36 %)
Equity loss in JV & Associates
-
($0.8)
0 %
Adjusted EBITDA1
($11.4)
($27.5)
59 %
Net Loss from Continuing Operations4
($11.4)
($21.0)
46 %
Loss Per Share from Continuing Operations4
($0.04)
($0.07)
46 %
CASH
Cash provided by (used in) Operating Activities:
Cash Operating Loss
($7.8)
($21.7)
64 %
Working Capital Changes
($0.0)
($2.7)
101 %
Cash used by Operating Activities
($7.8)
($24.4)
68 %
Cash and cash equivalents
$516.8
$576.7
(10 %)
For a more detailed discussion of Ballard Power Systems' first quarter 2026 results, please see the company's financial statements and management's discussion & analysis, which are available at www.ballard.com/investors, www.sedarplus.ca and www.sec.gov/edgar.shtml.
Conference Call
Ballard will hold a conference call on Tuesday May 5, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2026 operating results. The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live audio and webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the 'Earnings, Interviews & Presentations' area of the 'Investors' section of Ballard's website (www.ballard.com/investors).
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero- emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Important Cautions Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements concerning the markets for our products, Order Backlog, expected revenues, gross margins, operating expenses, capital expenditures, corporate development activities, and impacts of investments in manufacturing and R&D capabilities and cost reduction initiatives. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Any such statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, market demand and financing needs. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard's most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard's actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, level of achievement of our business plans, achieving and sustaining profitability, changes that affect how long our cash reserves will last and the timing of, and ability to obtain, required regulatory approvals. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. These forward-looking statements are provided to enable external stakeholders to understand Ballard's expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.
Further Information
Sumit Kundu –Investor Relations +1.604.453.3517 or [email protected]
Endnotes
_______________________________________________
1 EBITDA and Adjusted EBITDA are non-GAAP measures. We believe these measures are useful in evaluating the operating performance of the Company's ongoing business. These measures should be considered in addition to, and not as a substitute for, operating expenses, net income, cash flows and other measures of financial performance and liquidity reported in accordance with GAAP. These non-GAAP measures do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. See the reconciliation of EDITDA and Adjusted EBITDA to the most directly comparable GAAP measure in Section 10 "Supplemental Non-GAAP Measures and Reconciliations" in our Management's Discussion and Analysis for the three months ended March 31, 2026. Adjusted EBITDA adjusts EBITDA for stock-based compensation expense, transactional gains and losses, finance and other income, asset impairment charges, and the impact of unrealized gains and losses on foreign exchange contracts.
2 Total Operating Expenses refer to the measure reported in accordance with IFRS.
3 Capital Expenditure is defined as Additions to property, plant and equipment and Investment in other intangible assets as disclosed in the Consolidated Statements of Cash Flows.
4 We report our results in the single operating segment of Fuel Cell Products and Services. Our Fuel Cell Products and Services segment consists of the sale of PEM fuel cell products and services for a variety of applications including bus and rail applications, Stationary Power, and Other Markets (consisting of truck, marine, material handling, off-road, and other applications). Revenues from the delivery of Services, including technology solutions, after sales services and training, are included in each of the respective markets.
Ballard Power Systems (BLDP - Free Report) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +36.81%. A quarter ago, it was expected that this fuel cell technology company would post a loss of $0.07 per share when it actually produced a loss of $0.06, delivering a surprise of +14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ballard, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $19.42 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 9.67%. This compares to year-ago revenues of $15.39 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ballard shares have added about 29.5% since the beginning of the year versus the S&P 500's gain of 5.2%.
What's Next for Ballard?While Ballard has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ballard was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.06 on $24.67 million in revenues for the coming quarter and -$0.21 on $118.43 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Exelon (EXC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This energy company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of -3.3%. The consensus EPS estimate for the quarter has been revised 9.8% higher over the last 30 days to the current level.
Exelon's revenues are expected to be $6.91 billion, up 2.9% from the year-ago quarter.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer and long‑standing Ballard partner, has formally selected Ballard as the fuel cell supplier for its next‑generation hydrogen bus.
This selection includes the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine, Ballard's newest high‑efficiency platform launched in late 2025, into the Solaris Generation 2 FCEV bus. The sale of engines has been incorporated into an update of the existing LTSA, extending it to 2029, to match with next-gen bus delivery while also strategically aligning commercial terms.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Solaris' selection of Ballard for its next‑generation hydrogen bus platform marks a significant milestone for the continued evolution of our FCmove®‑SC engine," said Marty Neese, Ballard's CEO and President. "Our long‑standing collaboration with Solaris has been built on trust, technical excellence, and a shared commitment to zero‑emission mobility. With this selection, supported by newly adjusted commercial terms that strengthen long‑term alignment, Solaris reinforces its confidence in Ballard's ability to deliver performance, reliability, and lifecycle value at scale. The FCmove®‑SC is purpose‑built for Europe's mature bus market, and OEM nominations like this validate the strength of our value proposition."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Solaris
Solaris Bus & Coach, headquartered in Bolechowo, Poland, is a leading European manufacturer of city buses, trolleybuses, and zero‑emission vehicles. Founded in 1996 and part of Spain's CAF Group, Solaris is a leader of Europe's electric bus market and is recognized as a technology leader in hydrogen mobility. The company has delivered more than 28,000 vehicles to operators across 33 countries. Solaris continues to play a central role in Europe's transition to sustainable public transport.
This release contains forward-looking statements concerning anticipated agreements, product deliveries; and deployments; and anticipated product benefits, operational benefits, and value proposition for customers. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
From a technical perspective, Ballard Power Systems, Inc. (BLDP - Free Report) is looking like an interesting pick, as it just reached a key level of support. BLDP's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Over the past four weeks, BLDP has gained 80.4%. The company currently sits at a #3 (Hold) on the Zacks Rank, also indicating that the stock could be poised for a breakout.
Looking at BLDP's earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 2 changes higher compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Investors may want to watch BLDP for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Wrightbus (https://wrightbus.com/), a leading UK‑based bus manufacturer and long‑standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform.
This nomination covers the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine—Ballard's newest, high‑efficiency platform launched in late 2025—into Wrightbus' Gen 3.0 double‑decker FCEV bus, with series production scheduled to begin in 2027.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Wrightbus' nomination of Ballard for the StreetDeck Hydroliner Gen 3.0 platform represents a major milestone for our next‑generation FCmove®‑SC engine," said Oben Uluc, Vice President, Sales & Marketing at Ballard. "This decision reflects our decades‑long collaboration and Wrightbus' confidence in Ballard's ability to deliver performance, reliability, and lifecycle economics at scale. The FCmove®‑SC was made for the mature bus market, and OEM nominations like this validate the value proposition for customers."
"Our Gen 3.0 hydrogen bus has been in development for some time, ready for launch next year, and we are looking for partners who can help generate greater efficiency, improved lifecycle economics, and robust performance for demanding transit operations. Our next generation hydrogen bus is all about creating a TCO that is comparable to battery-electric and there are plenty of examples where electric doesn't provide the range needed for efficient daily operation or where the cost of infrastructure is prohibitive," said Wrightbus' Chief Procurement Officer Paul King.
Mr. King concluded, "We are delighted to be able to extend our partnership with Ballard, using their next generation fuel cells, as we accelerate the rollout of hydrogen mobility across our key markets."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Wrightbus
Wrightbus is a UK‑based leader in zero‑emission transportation, recognized for pioneering the world's first hydrogen‑powered double‑deck bus and advancing next‑generation battery‑electric and hydrogen mobility solutions. With a legacy of innovation dating back to 1946, Wrightbus designs and manufactures high‑efficiency buses that support global transit agencies in reducing emissions and modernizing fleets. The company's commitment to engineering excellence and sustainable transport continues to shape the future of clean mobility across the UK, Europe, and international markets.
This release contains forward-looking statements concerning product attributes and benefits to customers, anticipated product deliveries and customer deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
, /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Wrightbus (https://wrightbus.com/), a leading UK‑based bus manufacturer and long‑standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform.
This nomination covers the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine--Ballard's newest, high‑efficiency platform launched in late 2025--into Wrightbus' Gen 3.0 double‑decker FCEV bus, with series production scheduled to begin in 2027.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Wrightbus' nomination of Ballard for the StreetDeck Hydroliner Gen 3.0 platform represents a major milestone for our next‑generation FCmove®‑SC engine," said Oben Uluc, Vice President, Sales & Marketing at Ballard. "This decision reflects our decades‑long collaboration and Wrightbus' confidence in Ballard's ability to deliver performance, reliability, and lifecycle economics at scale. The FCmove®‑SC was made for the mature bus market, and OEM nominations like this validate the value proposition for customers."
"Our Gen 3.0 hydrogen bus has been in development for some time, ready for launch next year, and we are looking for partners who can help generate greater efficiency, improved lifecycle economics, and robust performance for demanding transit operations. Our next generation hydrogen bus is all about creating a TCO that is comparable to battery-electric and there are plenty of examples where electric doesn't provide the range needed for efficient daily operation or where the cost of infrastructure is prohibitive," said Wrightbus' Chief Procurement Officer Paul King.
Mr. King concluded, "We are delighted to be able to extend our partnership with Ballard, using their next generation fuel cells, as we accelerate the rollout of hydrogen mobility across our key markets."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Wrightbus
Wrightbus is a UK‑based leader in zero‑emission transportation, recognized for pioneering the world's first hydrogen‑powered double‑deck bus and advancing next‑generation battery‑electric and hydrogen mobility solutions. With a legacy of innovation dating back to 1946, Wrightbus designs and manufactures high‑efficiency buses that support global transit agencies in reducing emissions and modernizing fleets. The company's commitment to engineering excellence and sustainable transport continues to shape the future of clean mobility across the UK, Europe, and international markets.
This release contains forward-looking statements concerning product attributes and benefits to customers, anticipated product deliveries and customer deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
Ballard Power Systems manufactures fuel cell engines for hydrogen-powered vehicles, targeting heavy-duty applications where batteries are less effective. BLDP generates revenue through engine sales, service and replacement parts, and engineering/licensing agreements with vehicle manufacturers. The company benefits from surging momentum, with shares up 295% over the past year and 90% of that gain occurring this month.
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ballard Power Systems (BLDP - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Ballard Power Systems is a member of the Utilities sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ballard Power Systems is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BLDP's full-year earnings has moved 21.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BLDP has gained about 64.2% so far this year. Meanwhile, the Utilities sector has returned an average of 7.2% on a year-to-date basis. This means that Ballard Power Systems is outperforming the sector as a whole this year.
One other Utilities stock that has outperformed the sector so far this year is Energias de Portugal (EDPFY - Free Report) . The stock is up 14.8% year-to-date.
Over the past three months, Energias de Portugal's consensus EPS estimate for the current year has increased 0.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ballard Power Systems belongs to the Utility - Electric Power industry, a group that includes 60 individual stocks and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have gained 7.3% this year, meaning that BLDP is performing better in terms of year-to-date returns. Energias de Portugal is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Ballard Power Systems and Energias de Portugal as they attempt to continue their solid performance.
Hong Kong, China--(Newsfile Corp. - May 13, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 8, 2026 and May 12, 2026, Weichai completed the disposition of an aggregate of 6,878,886 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.78 per Common Share and a total disposition price of Cdn$39,737,594.05 (the "Disposition").
Immediately prior to the completion of the Disposition, Weichai owned a total of 46,131,712 Common Shares.
Immediately following the completion of the Disposition, Weichai owns a total of 39,252,826 Common Shares, representing approximately 13.02% of the issued and outstanding Common Shares.
All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.
Pursuant to an investor rights agreement, dated as of November 13, 2018, and amended and restated on April 8, 2020, between Weichai and Ballard, in the event that Weichai or a designated affiliate holds at least 15% of the issued and outstanding Common Shares, Weichai is entitled to nominate two persons for appointment or election to the board of directors of Ballard.
A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297302
Source: Weichai Power Hong Kong International Development Co. Limited
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, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the resignation of Weichai Power Co., Ltd. ("Weichai") board nominees, Michael Chen and Huajie Wang, from Ballard's Board of Directors effective May 13th.
The resignations follow the sale of approximately 6.9 million Ballard common shares by Weichai Power (the "Share Sale") through its subsidiary, Weichai Power Hong Kong International Development Co., Ltd., ("Weichai Hong Kong"). As a result of the Share Sales, Weichai now owns less than 15% of Ballard's outstanding shares and is no longer entitled to appoint two nominees to Ballard's board of directors under the terms of its investor rights agreement with Ballard, prompting the resignations by Mr. Chen and Mr. Wang. Going forward, Weichai will no longer be entitled to appoint nominees to Ballard's Board of Directors.
"Ballard appreciates Weichai's support and partnership and thanks Michael and Huajie for their contributions as board members in our joint effort to advance fuel cell commercialization opportunities in China and globally," said Jim Roche, Chair of Ballard's Board of Directors.
Ballard remains focused on executing its strategy, supporting customers worldwide, and strengthening its position as a leader in zero-emission fuel cell solutions.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
Hong Kong, China--(Newsfile Corp. - May 16, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 13, 2026 and May 15, 2026, Weichai completed the disposition of an aggregate of 8,150,000 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.65 per Common Share and a total disposition price of Cdn$46,074,159.69 (the "Disposition").
Immediately prior to the completion of the Disposition, Weichai owned a total of 39,252,826 Common Shares.
Immediately following the completion of the Disposition, Weichai owns a total of 31,102,826 Common Shares, representing approximately 10.32% of the issued and outstanding Common Shares.
All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.
A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297741
Source: Weichai Power Hong Kong International Development Co. Limited
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Ballard Power reported mixed first quarter results with a slight sales miss offset by substantial year-over-year margin increases and operating expense reductions. While the company's core markets remain under pressure from competing battery-electric solutions, more than a decade of cash runway provides substantial option value. While Ballard Power's data center opportunity remains limited to small backup power solutions, momentum appears to be the name of the game right now.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd.
Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Kathy Bayless
71,838,799
98.21
1,312,516
1.79
Jacqueline Dedo
72,258,610
98.78
892,705
1.22
Douglas P. Hayhurst
66,168,321
90.45
6,982,994
9.55
Hubertus M. Muehlhaeuser
66,419,015
90.80
6,732,300
9.20
Marty Neese
72,533,025
99.16
618,290
0.85
James Roche
66,824,156
91.35
6,327,159
8.65
Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.
Director biographies are available in the "Our Leadership" section of the Company's website.
In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.
Item
Votes For
% For
Votes
Against
%
Against
Withheld/
Abstain
% Withheld/
Abstain
Appointment of Auditors
78,660,927
87.02
-
-
11,730,437
12.98
Executive Compensation
66,381,017
90.75
6,770,299
9.25
-
-
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or [email protected]
, /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd.
Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Kathy Bayless
71,838,799
98.21
1,312,516
1.79
Jacqueline Dedo
72,258,610
98.78
892,705
1.22
Douglas P. Hayhurst
66,168,321
90.45
6,982,994
9.55
Hubertus M. Muehlhaeuser
66,419,015
90.80
6,732,300
9.20
Marty Neese
72,533,025
99.16
618,290
0.85
James Roche
66,824,156
91.35
6,327,159
8.65
Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.
Director biographies are available in the "Our Leadership" section of the Company's website.
In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.
Item
Votes For
% For
Votes
Against
%
Against
Withheld/
Abstain
% Withheld/
Abstain
Appointment of Auditors
78,660,927
87.02
-
-
11,730,437
12.98
Executive Compensation
66,381,017
90.75
6,770,299
9.25
-
-
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or [email protected]
Ballard Power announces results of 2026 Annual General Meeting of Shareholders PR Newswire
VANCOUVER, BC, June 4, 2026
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd.
Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Kathy Bayless
71,838,799
98.21
1,312,516
1.79
Jacqueline Dedo
72,258,610
98.78
892,705
1.22
Douglas P. Hayhurst
66,168,321
90.45
6,982,994
9.55
Hubertus M. Muehlhaeuser
66,419,015
90.80
6,732,300
9.20
Marty Neese
72,533,025
99.16
618,290
0.85
James Roche
66,824,156
91.35
6,327,159
8.65
Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.
Director biographies are available in the "Our Leadership" section of the Company's website.
In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.
Item
Votes For
% For
Votes
Against
%
Against
Withheld/
Abstain
% Withheld/
Abstain
Appointment of Auditors
78,660,927
87.02
-
-
11,730,437
12.98
Executive Compensation
66,381,017
90.75
6,770,299
9.25
-
-
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or [email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-power-announces-results-of-2026-annual-general-meeting-of-shareholders-302791049.html
June 09, 2026 16:05 ET | Source: Robinhood Markets, Inc.
MENLO PARK, Calif., June 09, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for May 2026.
Funded Customers at the end of May were 27.7 million (up approximately 110 thousand from the end of April 2026, up approximately 1.76 million year-over-year).
Total Platform Assets at the end of May were $377 billion (up 9% from the end of April 2026, up 48% year-over-year).
Net Deposits were $5.6 billion in May, or a 19% annualized growth rate relative to April 2026 Total Platform Assets.
Over the last twelve months, Net Deposits were $69.1 billion, or an annual growth rate of 27% relative to May 2025 Total Platform Assets. Trading Volumes in May: Equity Notional Trading Volumes were $315 billion (up 27% from April 2026, up 75% year-over-year). Average daily volumes (“ADVs”)1 were $15.8 billion (up 34% from April 2026, up 84% year-over-year).Options Contracts Traded were 231 million (up 3% from April 2026, up 29% year-over-year). ADVs were 11.6 million contracts (up 8% from April 2026, up 35% year-over-year).Crypto Notional Trading Volumes were $12.2 billion (up 3% from April 2026, up 4% year-over-year), including Robinhood App Notional Trading Volumes of $5.9 billion (up 9% from April 2026, down 50% year-over-year) and Bitstamp Notional Trading Volumes of $6.3 billion (down 3% from April 2026). Robinhood App ADVs were $190 million (up 6% from April 2026, down 50% year-over-year), and Bitstamp ADVs were $203 million (down 6% from April 2026).Event Contracts Traded were 3.9 billion (up 22% from April 2026). ADVs were 126 million contracts (up 18% from April 2026). Interest Earning Assets in May: Margin balances at the end of May were $19.5 billion (up 8% from the end of April 2026, up 117% year-over-year).Cash and Deposit balances at the end of May were $18.6 billion (up 3% from the end of April 2026, up 54% year-over-year).Cash Sweep balances at the end of May were $28.8 billion (up 4% from the end of April 2026, down 6% year-over-year). Total Securities Lending Revenue in May was $36 million (up 13% from April 2026, up 9% year-over-year). This includes Securities Lending, Net revenues of $5 million. May
2026April
2026M/M
ChangeMay
2025Y/Y
Change(M - in millions, B - in billions) Funded Customer Growth (M) Funded Customers27.727.6-25.9+7% Asset Growth ($B) Total Platform Assets$377.0$345.4+9%$255.3+48%Net Deposits2$5.6$6.0NM$3.5NM Trading Equities and Options Trading Days20.021.0(5%)21.0(5%)Crypto and Prediction Markets Trading Days3130+3%31- Total Trading Volumes Equity ($B)$315.3$248.5+27%$180.5+75%Options Contracts (M)231.1224.8+3%179.8+29%Crypto ($B)$12.2$11.9+3%$11.7+4%Robinhood App ($B)$5.9$5.4+9%$11.7(50%)Bitstamp ($B)$6.3$6.5(3%)-NAEvent Contracts (B)3.93.2+22%0.3NM Average Daily Trading Volumes1 Equity ($B)$15.8$11.8+34%$8.6+84%Options Contracts (M)11.610.7+8%8.6+35%Crypto ($M)$393$397(1%)$377+4%Robinhood App ($M)$190$180+6%$377(50%)Bitstamp ($M)$203$217(6%)-NAEvent Contracts (M)126107+18%10NM Daily Average Trades (DATs) (M)3 Equity4.84.0+20%3.1+55%Options1.51.3+15%1.2+25%Crypto0.70.6+17%0.5+40% Interest Earning Assets ($B) Margin Book$19.5$18.0+8%$9.0+117%Cash and Deposits4 5$18.6$18.1+3%$12.1+54%Cash Sweep5$28.8$27.6+4%$30.8(6%) Securities Lending ($M) Total Securities Lending Revenue$36$32+13%$33+9%Securities Lending, Net6$5$3+67%$13(62%) 1. Average daily volumes (“ADVs”) defined as Total Trading Volume in a given period divided by the applicable number of trading days in said period.
2. Starting in June 2025, Net Deposits include results from Bitstamp. Starting in March 2026, Net Deposits include results from TradePMR (March 2026 Net Deposits included TradePMR Net Deposits for all of Q1 2026).
3. Daily Average Trades (“DATs”) defined as the total number of trades for a given asset class executed during a given period divided by the number of trading days for a given asset class in that period. For crypto, the number of trading days is equal to the number of calendar days in the month.
4. We define Cash and Deposits as the period-end sum of cash and cash equivalents, restricted cash, segregated cash, cash equivalents, and securities under federal and other regulations, deposits with clearing organizations, and investments.
5. In February 2026, we updated our brokerage High-Yield Cash program to fund growth in margin lending. Under the updated program, the first $10 thousand in enrolled balances per eligible customer are held as free credit balances where the customer continues to earn the same interest rate. This resulted in over $6 billion of Cash Sweep balances moving to free credit balances in February 2026.
6. Securities Lending, Net includes net rebates for both margin based and fully paid securities lending, as well as interest on cash collateral for fully paid securities lending. It does not include interest on cash collateral for margin based securities lending.
For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics release, which is available on investors.robinhood.com.
The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at robinhood.com.
Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.
“Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.
HOOD stock is moving. See the chart and price action here. Robinhood’s May Operational DataTotal Platform Assets hit $377 billion at month’s end, up 9% from April 2026 and 48% year-over-year.
Net Deposits came in at $5.6 billion for the month — a 19% annualized growth rate relative to April’s platform assets. Over the trailing 12 months, net deposits totaled $69.1 billion, representing a 27% annual growth rate.
Funded customers grew to 27.7 million, up roughly 110,000 from April and 1.76 million year-over-year — steady gains that underscore the platform’s widening retail footprint.
Trading ActivityTrading activity was a standout.
Equity Notional Trading Volumes surged to $315 billion in May, up 27% from April and 75% year-over-year. Average daily volumes hit $15.8 billion, a 34% month-over-month jump and 84% higher than a year ago.
Options activity also picked up, with 231 million contracts traded — up 3% from April and 29% year-over-year.
Event contracts were another bright spot. HOOD traded 3.9 billion event contracts in May, up 22% from April, with ADVs of 126 million, up 18%.
CryptoCrypto was more muted. Total Crypto Notional Trading Volumes reached $12.2 billion, up just 3% from April and 4% year-over-year.
Notably, Robinhood App crypto volumes fell 50% year-over-year to $5.9 billion, while Bitstamp contributed $6.3 billion.
HOOD Stock Price Activity: Robinhood stock was down 0.13% at $83.66 during after-hours trading on Tuesday, according to data from Benzinga Pro.
Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Robinhood is building a vertically integrated global financial platform using crypto infrastructure, not just adding crypto as an asset class. Despite crypto revenue halving to $134M in Q1 2026, HOOD grew total transaction-based revenue to $623M, demonstrating resilience and diversification. Key structural moves—Robinhood Chain, Bitstamp acquisition, and tokenized equities—position HOOD for long-term competitive advantage beyond crypto cycles.
Robinhood CEO Vlad Tenev says the company’s securities business can now serve as an underwriter.
Tenev’s announcement on X was flagged in a report Tuesday (June 9) from Seeking Alpha, which notes Robinhood’s expansion from trading platform to underwriter for initial public offerings (IPOs) could unlock higher-fee revenue streams and strengthen its position in capital markets.
Robinhood in 2021 launched IPO Access, a tool designed to give “everyday investors” an opportunity to buy shares of companies at their listing price. As PYMNTS wrote at the time, this is a privilege typically reserved for wealthy or institutional investors.
Since then, the report notes, retail participation in IPOs has moved from an afterthought to a central allocation strategy, shifting the question from “why allocate to retail at all” to “how big can the allocation be.”
Tenev, who is also Robinhood’s co-founder, added that becoming an underwriter, rather than simply a selling group member, is a natural step to better serve customers and issuers.
Seeking Alpha pointed out that Robinhood recently removed its PDT restrictions, doing away with the $25,000 minimum and pattern day trading flags, broadening access for retail traders.
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Tenev announced last month that Robinhood’s first fund designed to expand retail investors’ access to private markets had attracted 150,000 retail investors.
In a speech at The Wall Street Journal’s Future of Everything event, Tenev said the company took its Ventures Fund I public as a public closed-end fund listed on the New York Stock Exchange.
“You can think of it as like a publicly traded venture capital firm with daily liquidity, no accreditation requirements, and no carry — so just a competitive management fee, no carry,” he said, adding that the fund includes “frontier companies” such as OpenAI, Databricks and Stripe.
Robinhood launched the fund because there are private companies raising capital at valuations in the high hundreds of billions, and there are likely to be multiple companies getting into the trillions, before an initial public offering (IPO) that permits retail investors to participate.
“It’s also just the beginning,” Tenev said. “The aspiration is, if you’re a company raising a seed round and a Series A round, so just first capital, retail should be a big chunk of that round, much like it now is in the public markets, and we should let those people in at the ground floor so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets.”
Key Takeaways HOOD is routing event contracts through Rothera, its Susquehanna-built prediction-market exchange.Robinhood caps prediction-market fees at $0.01 per contract, boosting appeal for active traders.HOOD's World Cup contracts test demand; regulation, sports-betting scrutiny and liquidity remain risks. Robinhood Markets’ (HOOD - Free Report) next revenue growth lever may not be another stock-trading feature. It will likely be Rothera, the prediction-market exchange built with Susquehanna International Group. After using outside venues such as Kalshi and ForecastEx, HOOD is now beginning to route event contracts through the infrastructure it effectively controls.
Prediction markets have become one of Robinhood’s fastest-growing products, with more than 12 billion event contracts traded in 2025 and more than 16 billion so far in 2026. By moving flow to Rothera, the company can potentially capture more economics, control listings, improve pricing and create a tighter in-app customer experience.
The lower fee structure strengthens this strategy. Robinhood’s new prediction-market pricing model charges commissions based on contract price and order size, with fees capped at 1 cent per contract. For active event-contract traders, this could make Rothera more attractive than competing platforms.
The World Cup gives Rothera its first major mainstream test. Robinhood has begun offering soccer event contracts through the platform, while Rothera’s early rollout showed demand in baseball markets, including more than $2 million in first-weekend trading volume. For Robinhood’s retail base, simple access matters: users do not need a separate crypto wallet, offshore account or niche prediction-market app.
Rothera also gives Robinhood strategic leverage against Kalshi. If meaningful flow migrates in-house, Kalshi could lose a key retail distribution channel, while HOOD gains control over fees, liquidity and product expansion.
Risks remain around regulation, sports-betting scrutiny and liquidity. But HOOD has the customer base, Susquehanna’s market-making expertise and a CFTC-regulated venue. This makes Rothera a potential backbone for Robinhood’s next major business line beyond stocks, options, crypto and futures.
How Diversified are HOOD’s Peers in Terms of Business?Two close peers of HOOD are Charles Schwab (SCHW - Free Report) and Interactive Brokers Group (IBKR - Free Report) .
Schwab is diversifying by expanding beyond traditional brokerage into wealth management, advisory services, banking, lending, retirement solutions and asset management. Its focus on fee-based advisory assets, net interest income and broader client financial services helps reduce dependence on trading commissions. Schwab’s diversified model supports steadier revenues, deeper client relationships and improved resilience across market cycles.
Interactive Brokers is diversifying by expanding beyond core brokerage into global market access, high-yield cash balances, securities lending, institutional services, retirement accounts and advisor solutions. Interactive Brokers’ growing interest income, international client base and technology-driven platform reduce reliance on trading commissions while supporting scalable growth across retail, professional and institutional investors.
HOOD’s Price Performance, Valuation & Estimate AnalysisSo far this year, Robinhood shares have plunged 25.9% against the industry’s rally of 1.3%.
Image Source: Zacks Investment Research
HOOD shares are currently trading at a premium to the industry. The company has a 12-month trailing price-to-tangible book (P/TB) of 8.44X compared with the industry average of 3.24X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Robinhood’s 2026 earnings suggests a year-over-year decline of 10.7%. The trend is likely to reverse next year, with earnings expected to jump 34.5%. In the past week, earnings estimates for 2026 and 2027 have been revised lower to $1.83 and $2.46 per share, respectively.
Image Source: Zacks Investment Research
HOOD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Accounts linked to military spouses reportedly bet correctly on the ousting of Venezuelan President Nicolás Maduro, days before U.S. officials seized him in January.
Now Kalshi is moving to force some traders to disclose who they work for.
At least one of those accounts has been referred to federal investigators over suspicions that someone used nonpublic information to make the wager, according to a person familiar with the matter.
Kalshi Wants To Know Where You WorkThe exchange said it plans to require users in some markets to submit an online form naming their employer before they can trade sensitive contracts.
The rule is expected to cover markets tied to company performance and national security, including the war in Iran.
Kalshi will not verify the information unless it flags suspicious activity, a spokeswoman said. The company is also rolling out enhanced whistleblower tools.
The Insider Trading WaveThe spouses are not an isolated case.
In April, a U.S. soldier was charged with using classified national security data to trade the Maduro operation on Polymarket.
Last month, a Google employee was charged with using insider access to the company’s annual search trends report to net 1.2 million on the same platform.
Those cases explain why Kalshi’s audit committee pushed for disclosure.
Washington Draws New LinesThe CFTC is set to propose its own rules Wednesday, seeking the power to block wagers it deems against the public interest or vulnerable to manipulation while clearing most sports betting.
The target is micro-betting, where a single person can swing the outcome. Regulators are wary of contracts on player injuries and “first-pitch” gambling, the category that snared Cleveland Guardians All-Star closer Emmanuel Clase, who was charged last year over a pitch-rigging scheme.
Bets on war, terrorism and assassinations would likely be off limits, but this would not impact Polymarket’s offshore offerings.
The agency stopped short of outright bans, opting for case-by-case review. That posture reflects Trump-appointed chair Michael Selig, who has steered the CFTC toward a permissive stance.
The Tradeable AngleRetail flow runs through Robinhood Markets (NASDAQ:HOOD), where prediction markets are the fastest-growing product line by revenue.
For ICE and Robinhood, the wager is that regulation legitimizes prediction markets rather than killing them.
Image: Shutterstock
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Investor confidence in the online brokerage's growth prospects was boosted by a combination of strong operating metrics, bullish analyst commentary, and a strategic expansion into investment banking.
The stock was lifted by fresh price-target increases from both Goldman Sachs and Cantor Fitzgerald, as Wall Street pointed to accelerating activity across Robinhood's trading platform and growing optimism around its rapidly expanding prediction-markets business.
The rally provides a boost to the stock that has seen an over 22% decline this year.
Goldman Sachs analyst James Yaro raised his price target on Robinhood to $108 from $105 while maintaining a Buy rating on the stock.
The upgrade followed the company's May operating update, which showed stronger-than-expected activity across multiple segments.
According to Goldman Sachs, Robinhood recorded a monthly high of 3.9 billion prediction-market contracts in May, representing a 22% increase from April and significantly ahead of the firm's forecast for 6% growth.
Traditional brokerage activity also remained robust.
Equity trading volume increased 27% from the previous month, while options activity rose 3%, with both categories reaching their second-highest monthly levels on record.
The strong metrics suggest retail investor engagement remains elevated despite market volatility and concerns over interest rates.
Adding to the positive sentiment, Chief Executive Vlad Tenev announced on Tuesday that Robinhood Securities had received approval to operate as an underwriter, potentially opening a new revenue stream for the company.
The underwriting approval arrives as Wall Street prepares for one of the busiest periods for new listings in recent years.
High-profile companies, including SpaceX, are expected to go public shortly, while artificial intelligence leaders OpenAI and Anthropic are also moving toward public listings.
Robinhood has already benefited from a growing trend among companies allocating IPO shares directly to retail investors.
The brokerage is one of a handful of firms offering access to SpaceX shares for eligible customers.
The ability to participate more directly in future IPOs could further strengthen Robinhood's appeal among retail investors and broaden its role in capital markets.
While stock trading remains central to Robinhood's business, analysts increasingly view prediction markets as the company's next major growth opportunity.
Cantor Fitzgerald reiterated its Overweight rating on Robinhood and raised its price target to $110 from $100, citing the company's Rothera joint venture with trading giant Susquehanna International Group.
The venture operates a prediction-market exchange that allows users to trade contracts tied to the outcomes of real-world events.
Previously, Robinhood relied on third-party platforms such as Kalshi and ForecastEx.
With Rothera, the company is beginning to route event contracts through infrastructure it partially owns, enabling it to capture a larger share of the economics.
Cantor estimates that Robinhood's ownership stake in Rothera will help the company retain exchange-level revenues that previously flowed to external partners.
As a result, the brokerage raised its revenue forecasts for fiscal years 2026 through 2028 by approximately 3%, 6%, and 7% on a reported basis.
Because Robinhood owns 45% of Rothera, a portion of the venture's profits will accrue to partner Susquehanna and be accounted for as a non-controlling interest.
After adjusting for that, Cantor estimates the venture could boost Robinhood's revenue by roughly 2% in 2026, 3% in 2027, and 4% in 2028, while increasing earnings per share by around 2%, 3%, and 3%, respectively.
Cantor Fitzgerald raised its price target on Robinhood to $110, valuing the company at 27 times its projected 2027 adjusted EBITDA of $3.42 billion. The valuation also incorporates a discounted cash flow analysis.
Robinhood's management has repeatedly highlighted prediction markets as a key strategic priority.
During the company's first-quarter earnings call, Tenev described the segment as the fastest-growing business in Robinhood's history and suggested it could eventually support trillions of contracts annually.
Shares of Robinhood (HOOD +1.04%) are rising as the company reports solid operating metrics that should driver revenue growth. But there's more reason to be bullish than just the metrics.
An insider made a $35 million purchase of Robinhood stock, and insiders can be a good indicator of what's to come for a company. On top of that, Robinhood is moving into more investment banking markets through IPOs, which could drive another leg of revenue growth long-term. I dig into all of that in this video.
*Stock prices used were mid-day prices on June 10, 2026. The video was published on June 10 2026.
Travis Hoium has positions in Robinhood Markets. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Robinhood Markets (HOOD +1.04%), a commission-free trading platform for stocks and crypto, closed Wednesday at $86.36, up 3.09%. The stock moved higher after CEO Vlad Tenev said it had regulatory approval to underwrite IPOs.
Trading volume reached 41.3 million shares, coming in about 41% above its three-month average of 29.2 million shares. Robinhood Markets IPO'd in 2021 and has grown 127% since going public.
How the markets moved todayThe S&P 500 (^GSPC +0.50%) fell 1.62% to 7,267 on Wednesday, while the Nasdaq Composite (^IXIC +0.31%) lost 1.98% to finish at 25,170. Within capital markets, industry peers Charles Schwab closed at $89.27, up 0.56%, and Interactive Brokers Group ended at $85.42, down 1.05%, underscoring mixed brokerage sentiment.
What this means for investorsRobinhood went against the tide today, surging even as major indexes fell. Today’s gains mean the pioneering brokerage has gained 12% in the past month. The firm announced it received regulatory approval to underwrite IPOs, which will help it broaden its offerings and play a larger role in the IPO market.
The IPO market is red-hot right now and the timing is notable: Tenev’s news comes just days before the widely-anticipated SpaceX IPO. Today’s news builds on last month’s AI trading tool announcement, which in turn builds on its push into prediction markets.
In short, Robinhood continues to innovate, and the strategy appears to be paying off. Its customer base and platform assets are increasing, which will be crucial drivers for revenue growth. However, regulatory shifts remain the biggest risk for this disruptive firm.
Charles Schwab is an advertising partner of Motley Fool Money. Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.
On Wednesday. Cathie Wood-led Ark Invest made significant trades involving Robinhood Markets Inc (NASDAQ:HOOD) and Kodiak AI Inc (NGM: KDK).
The Robinhood TradeThe Kodiak AI TradeThe George Soros-backed Kodiak AI, known for its autonomous vehicle technology, has been gaining attention after it went public through its merger with Ares Acquisition Corporation II. This merger, backed by George Soros, has fueled investor interest.
On Monday, Ark acquired 34,731 shares of Kodiak AI. That trade was estimated at $223,667.
Other Key TradesBenzinga Edge Stock Rankings indicate Robinhood stock has a Momentum score in the 20th percentile and a Value score in the 16th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell on Shutterstock.com
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It's been a tough year for Robinhood Markets (HOOD +1.04%) stock, with shares down about 25% year to date. However, one insider has seen an opportunity in the weakness. Director Micky Malka bought a boatload of shares through his Ribbit Capital fund.
Malka's fund focuses on fintech investments, and Robinhood is the fund's third-largest investment behind Nu Holdings and Figure Technology. He also sits on MercadoLibre's board. In late May and early June, he bought 23.6 million shares, worth around $35 million, through the online broker. Notably, the buys were a reversal of sentiment, as he was selling shares as recently as August 2025, when he sold shares at prices over $100.
Image source: The Motley Fool.
Robinhood's tough year can be directly tied to its cryptocurrency platform, which has seen revenue plunge amid weakness in the crypto market. Bitcoin is down around 30% in 2026 and off more than 40% over the past year, while Ethereum has fallen around 45% this year. Given these price declines and the big gains in artificial intelligence (AI) stocks, people have not been trading cryptocurrencies as they did in the past.
While crypto transactions have flowed into equities, Robinhood makes a much larger per-trade profit from crypto trading than from stock trading, given the wider buy-and-sell spread in crypto. This dynamic was evident in Q1, when its crypto revenue plunged 47% year over year to $134 million, while its equity revenue surged 46% to $82 million. Despite its volatility, Robinhood is looking to drive crypto revenue by expanding into new countries, including Canada.
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The company also has a couple of other catalysts. It is seeing strong momentum in the predictions market, where revenue has been skyrocketing. It just lowered its fee structure ahead of the FIFA World Cup, which is looking to be a big growth driver. Last quarter, its other revenue, where its prediction solution is currently classified, jumped 320% to $147 million.
The company is also investing heavily in so-called "Trump Accounts," where eligible children born between 2025 and 2028 can receive an initial $1,000 government contribution. Up to $5,000 can then be collectively contributed to the account each year, and contributions are automatically invested in low-cost index funds. Robinhood launched an app specifically for the accounts in late May.
The stock currently trades at a forward P/E of 30 times 2027 analyst estimates. I think that is a reasonable valuation where investors can consider taking a small position in the stock.
Geoffrey Seiler has positions in MercadoLibre. The Motley Fool has positions in and recommends Bitcoin, Ethereum, MercadoLibre, and Nu Holdings. The Motley Fool has a disclosure policy.
Webull stock price jumped by over 10% on Wednesday as investors bought the dip and as the options market pointed to more bullish positioning. BULL jumped to $6.12, up by 15% from its lowest point this week.
Webull, a top Robinhood-like company, jumped on Wednesday as investors bought the dip. This rally coincided with the gains across the industry, with Robinhood jumping by over 10% and Interactive Broker rising by 5%.
The rally also happened amid bullish positioning in the options market. Data shows that the put volume stands at 10,240, while its open interest is at 6.455. Call volume, on the other hand, stands at 40,000, while its open interest is 31,235. This means that the put/call open interest stands at 0.21.
Webull has some solid fundamentals even as its stock has slumped by over 92% from its highest point in April last year. The most recent results showed that its revenue jumped by 36% to $159.9 million. This growth, however, was offset by a 65% increase in operating expenses, which pushed its net loss to over $21 million.
The company has continued to add more users in the past few months. It added 27.6 million in the first quarter of this year, up from 24.1 million in the same period last year. Its funded accounts have jumped to 5.11 million.
The company is seeing strong growth across various areas, including the options business. Its equity notional volume jumped to $261 billion from $128 billion in the same period last year.
Analysts are optimistic that the company will continue doing well in the coming years. The average estimate among analysts is that its revenue will jump by 25% this year to $714 million, followed by 25% increase to $894 million.
This growth will be driven by the US division, which will benefit from the decision by the Securities and Exchange Commission (SEC) to end the pattern day trader (PDT) rule. This action will likely lead to more activity by small-scale traders.
The company has also continued to acquire international licenses in key areas like Hong Kong, Canada, and the European Union.
Webull stock chart | Source: TradingView
The daily chart shows that the BULL stock price has been under pressure in the past few months as its losses have jumped. It bottomed at $4.52 in April and then rebounded to a high of $7.53 on April 21. These gains were limited and the stock retreated to a low of $5.40.
Webull stock formed a descending channel, which resembles a falling wedge pattern, a common bullish reversal sign in technical analysis. It is attempting to cross the 50-day.
If this happens, the next key target to watch will be at $7.53, the highest point in April this year. On the other hand, a move below the key support level at $5.36 will invalidate the bullish outlook.
Key Takeaways Robinhood's brokerage won approval to act as an IPO underwriter, moving beyond a selling-group role.As underwriter, HOOD could shape retail IPO allocations, strengthen issuers ties and add higher-fee revenues.HOOD cites 27.7M funded customers and $377B assets; IPO momentum may help, but underwriting adds risk. Robinhood Markets’ (HOOD - Free Report) move to become an IPO underwriter is notable in its evolution from a trading app into a broader financial super app. CEO Vlad Tenev said Robinhood Securities has been approved to serve as an underwriter, allowing the company to move beyond its existing selling-group role and take a more direct position in helping companies go public.
The development builds on IPO Access, launched in 2021 to let retail investors request shares at the IPO price. Until now, Robinhood’s role depended largely on allocations from traditional Wall Street banks. As an underwriter, the company could strengthen relationships with issuers, play a bigger role in shaping retail allocations and pursue higher-fee capital-markets revenue opportunities.
For HOOD, the approval also fits a larger product-expansion story. The company has been adding crypto, retirement, advisory, digital banking, private-market access, prediction markets and AI-powered tools, all aimed at keeping customers inside one financial ecosystem. As of May 30, 2026, it had 27.7 million funded customers and $377 billion in platform assets. A stronger IPO franchise could create another engagement channel, drawing users to new listings while encouraging account funding, trading activity, Gold subscriptions and cross-use of other products.
The timing appears favorable as the IPO market shows signs of revival, particularly among technology and high-profile private companies. However, execution will be key. Underwriting brings regulatory, reputational and competitive risks, especially in a market long dominated by major investment banks.
Still, the approval advances Robinhood’s super-app ambitions by moving it closer to the center of investing, capital formation and everyday financial decision-making, while broadening its revenue base beyond transaction-driven trading activity.
How are Robinhood’s Peers Diversifying Their Businesses?Two close peers of HOOD are Charles Schwab (SCHW - Free Report) and Interactive Brokers Group (IBKR - Free Report) .
Schwab is diversifying beyond brokerage into wealth management, advisory, banking, lending, retirement and asset management. Schwab’s fee-based assets, net interest income and broader financial services reduce commission dependence, support steadier revenues and deepen client relationships.
Interactive Brokers is diversifying through global market access, high-yield cash balances, securities lending, institutional services, retirement accounts and advisor solutions. Interactive Brokers’ interest income, international reach and technology platform reduce trading-commission reliance while supporting scalable growth.
HOOD’s Price Performance, Valuation & Estimate AnalysisSo far this year, Robinhood shares have plunged 23.7% against the industry’s rally of 1.7%.
Image Source: Zacks Investment Research
HOOD shares are currently trading at a premium to the industry. The company has a 12-month trailing price-to-tangible book (P/TB) of 8.70X compared with the industry average of 3.24X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Robinhood’s 2026 earnings suggests a year-over-year decline of 10.7%. The trend is likely to reverse next year, with earnings expected to jump 34.5%. In the past week, earnings estimates for 2026 and 2027 have been revised lower to $1.83 and $2.46 per share, respectively.
Image Source: Zacks Investment Research
HOOD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The firm is giving Wall Street several reasons to stay bullish. The stock recently climbed more than 2% in overnight trading and has gained as much as 8% in recent sessions.
Robinhood Wants a Bigger Role in IPOsOne of the biggest reasons behind the recent excitement is Robinhood’s move into IPO underwriting.
CEO Vlad Tenev recently announced that Robinhood Securities has been approved to serve as an underwriter for initial public offerings. This means Robinhood can now play a larger role in helping private companies go public instead of simply offering IPO shares to its customers.
Robinhood launched IPO Access in 2021 to give everyday investors the chance to buy shares at the IPO price. This is something that was usually reserved for large institutions and wealthy investors. According to Tenev, retail investors have become much more important in the IPO process over the last few years.
He said companies are now asking how many shares should be allocated to retail investors rather than whether they should be included at all.
The move comes at a time when several highly anticipated companies are preparing to enter public markets. SpaceX, OpenAI, and Anthropic are among the names expected to drive a new wave of IPO activity. This creates a major opportunity for Robinhood.
With more than 27.7 million funded customers, Robinhood is positioning itself to become an important player in bringing these deals to everyday investors.
Strong Growth Continues Across the PlatformRobinhood’s latest business update showed that the company continues to grow at an impressive pace.
The company reported that total platform assets reached a record $377 billion at the end of May. This represents a 48% increase from the same period last year and a 9% increase from April. Funded customer accounts climbed to 27.7 million, while net deposits reached $5.6 billion during the month.
Customer activity remained strong as well. Equity trading volume climbed 75% year-over-year to $315 billion, while average daily trading volume rose 84% from the same period last year.
Options trading also grew, with 231 million contracts traded during May, up 29% from a year earlier. Event contracts reached 3.9 billion during May, up 22% from the previous month. Margin balances reached a record $19.5 billion, more than double the level seen a year ago.
The company now has 27.7 million funded customer accounts, showing that Robinhood continues to attract users despite increased competition in the brokerage industry.
Robinhood’s financial performance has also improved. Over the past year, the company generated $4.47 billion in revenue. Revenue growth has exceeded 45% over the last three years. Also, quarterly net income recently came in at around $350 million and generated around $2.02 billion in free cash flow.
Although crypto trading activity slowed during May, investors were encouraged by the strength of Robinhood’s core brokerage business.
Insider Buying and Analyst Upgrades Boost ConfidenceAnother major catalyst came from inside the company. A recent filing showed that Robinhood director and Ribbit Capital founder Meyer Malka bought 250,000 shares of HOOD stock worth about $20.2 million. The shares were acquired at prices between roughly $80 and $81 per share.
The purchase increased Malka’s holdings by nearly 7%, bringing his total stake to about 7.9 million shares valued at more than $660 million. This marks the third notable insider purchase by Malka in recent months, a move many investors view as a sign of confidence in Robinhood’s long-term outlook.
The purchase is especially noteworthy because Ribbit Capital has backed some of the biggest names in fintech, including Coinbase, Nubank, Revolut, Affirm, and Robinhood itself.
Wall Street analysts are also becoming more bullish.
Goldman Sachs recently raised its price target on Robinhood to $108 and maintained a Buy rating. Truist Securities kept its Buy rating and $100 price target after reviewing the company’s May results and the potential for future revenue gains from large IPOs.
Other firms, including Cantor Fitzgerald and Mizuho, have also increased their targets. Cantor Fitzgerald has raised its target to $110, while Mizuho increased its target to $115 following positive feedback surrounding Robinhood’s AI-powered trading initiatives.
The average analyst target sits around $100, suggesting further upside from current levels.
Is HOOD Stock Still a Buy?Robinhood is no longer just a trading app. The company is expanding into new areas, including IPO underwriting, private-market investing, AI-powered financial tools, and wealth-building products.
It has also removed Pattern Day Trader restrictions, eliminating the long-standing $25,000 minimum requirement for active traders and potentially attracting more users to the platform.
Its latest growth numbers show that customer activity remains strong, while the company’s move into underwriting could open up new revenue opportunities during what could become a busy IPO cycle.
The stock is still down significantly from its 52-week high of $152 and remains volatile, but many investors believe Robinhood is building a stronger and more diversified business.
Considering the growing customer engagement, insider confidence, and support from Wall Street, there are enough reasons for holding HOOD shares.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
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Robinhood (HOOD +1.04%) had no shortage of news this week. The online brokerage reported strong May operating data, and a securities filing revealed a large insider stock purchase. But the announcement with arguably the biggest long-term implications came from CEO Vlad Tenev, who said Tuesday in a post on X that Robinhood Securities is now approved to serve as an underwriter of initial public offerings (IPOs).
"We intend to be disruptive in this space," Tenev wrote.
The news is timely. SpaceX is expected to begin trading on the Nasdaq on Friday in what could be the largest IPO in history, and a long list of big private companies may follow it to the public markets in the coming years. Here's a closer look at the new business line -- and why its timing could prove important.
Image source: Getty Images.
From distributing IPO shares to originating them Until this week, Robinhood's role in public offerings was distribution. The company's IPO Access product, launched in 2021, lets customers buy shares of select offerings at the IPO price before they start trading. But the shares available through IPO Access are allocated by the investment banks running the deal; Robinhood has participated as what's known as a selling group member.
Underwriting is a different business. Underwriters work directly with the company going public, helping set the offering's price and place its shares with investors. And the issuer pays fees for that work.
It turns out that Robinhood is well-positioned to underwrite, given its significant scale.
The company ended May with 27.7 million funded customers -- up about 1.76 million from a year earlier. A pool of retail demand of that size may be hard for a company going public to ignore.
"Since IPO Access launched in 2021, we've watched retail go from an afterthought to a key part of how companies plan an IPO," Tenev said in the same post.
He may have a point. SpaceX is set to debut at a fixed offering price of $135 per share, in a deal that could raise about $75 billion and reportedly values the rocket and satellite internet company at around $1.75 trillion. And the company has reportedly weighed allocating as much as 30% of the offering to retail investors -- well above what's typical for a large IPO. Though reports began circling on Thursday afternoon that the company cut its retail IPO allocation to a low 20% range -- still a notable allocation, however.
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Momentum is strong -- and so is the valuation But the new approval isn't the only reason investors have been paying attention to the stock recently. Robinhood's total platform assets ended May at $377 billion, up 48% year over year, and net deposits during the month were $5.6 billion. Equity trading volumes of $315 billion rose 75% year over year.
In addition, a securities filing this week showed director Meyer Malka bought about $20.2 million of Robinhood stock on June 5 through an investment fund he's associated with.
Of course, not everything has gone the company's way this year. Robinhood's cryptocurrency revenue was a key weak spot, dropping 47% year over year in the first quarter of 2026. Total revenue still rose 15% during the quarter, but earnings per share grew just 3%.
And despite shares sitting about 40% below their October high, even after rising this week, the stock still trades at about 44 times earnings as of this writing. For a company growing earnings at the pace Robinhood posted last quarter, that's a premium price.
So, what does the underwriting approval mean for the company and the stock against this backdrop?
I think it's the development with meaningful long-term earnings significance -- and one that will help reduce some of the company's dependence on trading activity. After all, underwriting fees are paid by issuers deal by deal, so the revenue wouldn't hinge on how actively customers happen to be trading in a given month -- a welcome trait for a business still exposed to crypto's swings. And with companies like SpaceX testing just how big retail allocations can get, Robinhood may be entering the business at an opportune moment.
Still, the company hasn't underwritten a deal yet, and the established investment banks that dominate underwriting today won't step aside easily. Investors with a long time horizon may be comfortable paying up for that potential. For everyone else, watching how Robinhood's first underwriting assignments play out may be the more prudent move.
Cathie Wood wasn't in a mood to shop on Thursday. The founder CEO of Ark Invest did nothing but sell securities. She reduced her stake across more than 20 stocks within Ark's five aggressive growth exchange-traded funds (ETFs). She didn't buy a single thing.
Is she raising money because she's expecting the market to get cheaper in the coming weeks? The more likely rationale is that she's raising money to make sure she can participate in the big initial public offerings (IPOs) that are hitting the market in the next few weeks.
She sold shares in Archer Aviation (ACHR 4.15%), Robinhood Markets (HOOD +1.04%), and Roku (ROKU +20.52%) on Thursday. Let's take a closer look at all three calls to reduce her positions across the three stocks.
Image source: Getty Images.
1. Archer Aviation The next-gen flying machines that Archer Aviation is championing are designed to take off for short-haul flights in tight spaces. Unfortunately, the same can't be said about Archer Aviation stock. The emerging market for electric vertical takeoff and landing (eVTOL) aircraft has been turbulent lately. The shares have lost more than half of their value over the past year.
Archer is generating negligible revenue and posting substantial losses, but that's not a surprise at this stage in the development process. Archer Aviation is progressing through the rigorous Federal Aviation Administration certification process to bring its Midnight aircraft into the air.
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Archer is hopeful that it will be able to launch its premium air taxi service later this year. The clock is ticking. Archer struck a deal to be the official air taxi provider for the 2028 Olympic Games in Los Angeles, and it even bought a small regional airport in the area to improve its chances of a smooth run.
Analysts see revenue rising sharply in the years ahead. It's going to be a dramatic top-line ramp-up, according to the latest Wall Street analyst projections.
2026: $9 million 2027: $94 million 2028: $482 million 2029: $1.43 billion Those forecasts are impressive, but they used to be even more wow-worthy. The market's been paring expectations back over the past few months.
Wood's Ark Invest has been buying the stock on the way down. Why sell now? The stock is cheap. It also has a cash-rich balance sheet to see it through the development phase. Archer's market cap of $4 billion becomes an enterprise value of $2.4 billion when you factor in its strong net cash position. Analysts still believe. The stock would have to double from today's level to hit the average Wall Street price target.
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2. Robinhood Markets Robinhood's online trading platform continues to grow in popularity. The 27.7 million funded accounts it was servicing at the end of May were 7% higher than a year ago. On a more encouraging front, the platform's total assets have soared 48% over the past year to $377 billion.
Robinhood is ramping up its offerings. It's still a popular hub for trading stocks, options, and crypto. It's broadening its appeal by dipping its toes into futures and prediction markets. Robinhood is also ready to make a bigger splash in the IPO market.
You've been able to secure shares of select new offerings for years, but this week Robinhood announced that it has been approved to serve as an underwriter. The timing couldn't be better, just as the new offering pipeline is about to get the first of three IPOs that could top $1 trillion in market caps. There's also been some insider buying lately, making this another odd choice for Wood's hit list.
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3. Roku Finally, we have Roku, another stock that I think Wood might regret paring back on Thursday. Roku posted blowout results this earnings season. The 22% year-over-year increase in revenue was its biggest jump in four years, and well ahead of the 18% it had guided for earlier this year.
Roku's profit also exceeded its earlier outlook. After piecing together four consecutive quarters of positive net income, this is no longer a turnaround story. Investors should be asking how high it can go. The "beat and raise" performance paints a brightening portrait for the pioneer of smart TV operating systems. Concerns about monetization are no longer there, as ad revenue rose 27% to roughly half of its business. Its ad and subscription revenue outpaced the 8% increase in streaming hours.
Scalability is here. Roku's trailing free cash flow has catapulted 81%. With an audience now topping 100 million homes, Roku has never been better. The stock is trading at a quarter of its 2021 peak. This isn't the kind of stock you sell in this environment.
Robinhood said it has seen “record-breaking” traffic on its trading platform Friday in the hours after SpaceX’s historic public markets debut.
The company shared in a post on X that “some customers experienced latency and intermittent issues” with trading but that the platform quickly recovered.
SpaceX’s shares started trading on the Nasdaq stock exchange at around 11:47 a.m. ET. Those shares immediately started trading up around 11%, pushing the company’s valuation past $2 trillion — and making Elon Musk the world’s first trillionaire. In just one hour, around 263 million shares have traded, according to Nasdaq, representing around $42 billion worth of SpaceX stock changing hands.
SpaceX only made about 4% of its shares available for trading in the IPO, putting it in a position for wild swings in its stock price as it begins life as a public company.
UiPath (PATH - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this enterprise automation software developer have returned +9.8%, compared to the Zacks S&P 500 composite's +6.3% change. During this period, the Zacks Internet - Software industry, which UiPath falls in, has gained 4.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
UiPath is expected to post earnings of $0.14 per share for the current quarter, representing a year-over-year change of -6.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +13.6%.
The consensus earnings estimate of $0.78 for the current fiscal year indicates a year-over-year change of +8.3%. This estimate has changed -1.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.87 indicates a change of +12.3% from what UiPath is expected to report a year ago. Over the past month, the estimate has changed +0.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for UiPath.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of UiPath, the consensus sales estimate of $397.5 million for the current quarter points to a year-over-year change of +9.9%. The $1.76 billion and $1.9 billion estimates for the current and next fiscal years indicate changes of +9% and +8.3%, respectively.
Last Reported Results and Surprise HistoryUiPath reported revenues of $418.38 million in the last reported quarter, representing a year-over-year change of +17.3%. EPS of $0.15 for the same period compares with $0.11 a year ago.
Compared to the Zacks Consensus Estimate of $397.43 million, the reported revenues represent a surprise of +5.27%. The EPS surprise was 0%.
Over the last four quarters, UiPath surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
UiPath is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about UiPath. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
UiPath (PATH 0.94%), an automation platform offering robotic process automation solutions, closed Monday’s session at $13.1, up 11.77%. The stock moved higher after investors reacted to fiscal Q1 2027 results that showed 17% revenue growth, the company’s positive GAAP operating income, and raised guidance. Investors are watching how improved profitability will supports its AI automation strategy.
The company’s trading volume reached 65.5 million shares, coming in about 93% above compared with its three-month average of 34 million shares. UiPath IPO'd in 2021 and has fallen 81% since going public.
How the markets moved todayS&P 500 (^GSPC +0.50%) added 0.27% to finish near 7,599.96, while the Nasdaq Composite (^IXIC +0.31%) climbed 0.42% to close around 27,086.81. Among software - infrastructure names, industry peers Microsoft (MSFT +0.11%) closed at $460.52 (+2.28%) and Oracle (ORCL 0.05%) finished at $248.15 (+9.91%), underscoring continued enthusiasm for large-scale AI and cloud infrastructure spending.
What this means for investorsUiPath shares increased following fiscal first-quarter results that demonstrated stronger revenue growth and improved profitability. The company reported $418 million in revenue, a 17% year-over-year increase, and annual recurring revenue of $1.901 billion, up 12%. UiPath also achieved positive GAAP operating income of $28 million and non-GAAP operating income of $92 million, which provided investors with clearer evidence that revenue growth is translating into operating leverage.
The higher fiscal 2027 outlook shifted the market’s attention beyond a single strong quarter, though analysts remain cautious. Bank of America raised its price target to $13 from $12 but maintained an Underperform rating, indicating UiPath must continue to deliver recurring revenue growth following a prolonged post-IPO decline. Investors will be closely monitoring ARR growth, agentic automation adoption, and cost discipline to ensure they can continue to support the company’s operating income and free cash flow.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft, Oracle, and UiPath. The Motley Fool has a disclosure policy.
UiPath (PATH 0.94%) is working to convince investors about its staying power.
*Stock prices used were the afternoon prices of May 31, 2026. The video was published on June 2, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends UiPath. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
UiPath’s Automation Cloud UAE Region Certified Under the DESC Cloud Service Provider Security Standard, Enabling Secure Agentic Automation Across Dubai’s Public and Private Sectors
DUBAI, United Arab Emirates--(BUSINESS WIRE)--UiPath (NYSE: PATH), a leader in business orchestration and automation, today announced it has achieved certification under the Dubai Electronic Security Center (DESC) Cloud Service Provider (CSP) Security Standard for its Automation Cloud Commercial UAE region. This milestone certifies the UiPath suite of automation and AI services against the highest cybersecurity standards mandated by the Emirate of Dubai, opening the full scope of UAE government and semi-government entities as eligible customers and reinforcing the commitment of UiPath to building trust-first, enterprise-grade automation infrastructure across the region.
The DESC, operating under the Digital Dubai Authority, serves as the primary regulatory authority for cybersecurity and digital infrastructure protection in Dubai. Its CSP Security Standard is grounded in international frameworks including ISO 27001, with additional controls designed specifically for the UAE’s regulatory and data sovereignty requirements. Under Dubai law, government and semi-government organizations are prohibited from engaging cloud service providers that have not achieved DESC certification, making this designation not just a competitive differentiator, but a mandatory prerequisite for any cloud provider seeking to serve the public sector.
With this certification in place, UiPath becomes an eligible automation platform for Tier 1 enterprises and government entities across the UAE, enabling them to deploy agentic automation at scale with the confidence that their data handling, identity management, encryption, and business continuity protocols meet the most stringent local standards. For organizations that have previously been unable to deploy UiPath’s cloud services due to regulatory constraints, this certification removes that barrier entirely. The DESC certification covers the full breadth of automation and AI capabilities in the UiPath platform. This comprehensive scope ensures that UAE government and enterprise customers can leverage the end-to-end agentic automation capabilities of the UiPath platform—from intelligent document processing and AI-powered decision-making to orchestration, testing, and citizen development—all within a fully certified, compliant cloud environment.
“Security and trust are the foundation upon which every enterprise automation program must be built,” said Scott Roberts, Chief Information Security Officer, UiPath. “Nowhere is that truer than in regulated markets like the UAE, where the stakes for data sovereignty and compliance are exceptionally high. Achieving DESC certification is a direct reflection of the rigorous security standards to which we hold ourselves at UiPath. It sends a clear message to our customers across Dubai and the broader UAE that your data is protected, your compliance obligations are met, and your organization can move forward with confidence. We are proud to be a certified partner in Dubai’s vision for a secure, AI-powered digital future.”
For more information about UiPath's security and compliance certifications, visit the UiPath Trust Center at www.uipath.com/legal/trust-and-security.
About UiPath
UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.
UiPath Achieves Dubai Electronic Security Center (DESC) Certification, Enabling Public and Private Organizations to Adopt Agentic Capabilities with Confidence UiPath (NYSE: PATH), a leader in business orchestration and automation, today announced it has achieved certification under the Dubai Electronic Security Center (DESC) Cloud Service Provider (CSP) Security Standard for its Automation Cloud Commercial UAE region. This milestone certifies the UiPath suite of automation and AI services against the highest cybersecurity standards mandated by the Emirate of Dubai, opening the full scope of UAE government and semi-government entities as eligible customers and reinforcing the commitment of UiPath to building trust-first, enterprise-grade automation infrastructure across the region.
The DESC, operating under the Digital Dubai Authority, serves as the primary regulatory authority for cybersecurity and digital infrastructure protection in Dubai. Its CSP Security Standard is grounded in international frameworks including ISO 27001, with additional controls designed specifically for the UAE’s regulatory and data sovereignty requirements. Under Dubai law, government and semi-government organizations are prohibited from engaging cloud service providers that have not achieved DESC certification, making this designation not just a competitive differentiator, but a mandatory prerequisite for any cloud provider seeking to serve the public sector.
With this certification in place, UiPath becomes an eligible automation platform for Tier 1 enterprises and government entities across the UAE, enabling them to deploy agentic automation at scale with the confidence that their data handling, identity management, encryption, and business continuity protocols meet the most stringent local standards. For organizations that have previously been unable to deploy UiPath’s cloud services due to regulatory constraints, this certification removes that barrier entirely. The DESC certification covers the full breadth of automation and AI capabilities in the UiPath platform. This comprehensive scope ensures that UAE government and enterprise customers can leverage the end-to-end agentic automation capabilities of the UiPath platform—from intelligent document processing and AI-powered decision-making to orchestration, testing, and citizen development—all within a fully certified, compliant cloud environment.
“Security and trust are the foundation upon which every enterprise automation program must be built,” said Scott Roberts, Chief Information Security Officer, UiPath. “Nowhere is that truer than in regulated markets like the UAE, where the stakes for data sovereignty and compliance are exceptionally high. Achieving DESC certification is a direct reflection of the rigorous security standards to which we hold ourselves at UiPath. It sends a clear message to our customers across Dubai and the broader UAE that your data is protected, your compliance obligations are met, and your organization can move forward with confidence. We are proud to be a certified partner in Dubai’s vision for a secure, AI-powered digital future.”
For more information about UiPath's security and compliance certifications, visit the UiPath Trust Center at www.uipath.com/legal/trust-and-security.
About UiPath
UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260603281113/en/
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: UiPath (PATH - Free Report) UiPath, Inc. provides an end-to-end enterprise automation platform that combines robotic process automation with AI to help organizations discover, build, and operate software automations at scale. The UiPath Platform enables users to automate tasks across user interfaces, APIs, and documents, and to orchestrate digital workers that collaborate with people. Core capabilities include AI-powered document understanding, low-code design tools, process mining to identify automation opportunities, automated testing, analytics, and centralized governance. The company was first established in Bucharest, Romania in 2005 and incorporated in Delaware in 2015. Its principal executive offices are at One Vanderbilt Avenue, New York, NY.
PATH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. PATH has a Growth Style Score of B, forecasting year-over-year earnings growth of 8.3% for the current fiscal year.
For fiscal 2027, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $0.78 per share. PATH boasts an average earnings surprise of +30.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PATH should be on investors' short list.
UiPath's (PATH 0.94%) stock remains beaten down, trading more than 25% below its level at the start of the year. While the company has shown some signs of life, it has been caught in the software-as-a-service (SaaS) sell-off. UiPath is a company that specializes in automation using software bots and orchestration software for agentic AI.
The company recently reported solid fiscal first-quarter results, but the question is whether this can help the company get out of its doldrums. Let's take a closer look.
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Momentum continues to build UiPath saw some solid, albeit still muted, momentum in its first quarter. AI agentic orchestration remains a top priority, and AI products were included in 16 of its 20 largest deals in the quarter. Meanwhile, AI deals were six times larger, on average, than non-AI deals.
The company continues to do well within its existing customer base, with the company reporting a 109% dollar-based net retention rate over the past 12 months. That was an uptick from the 107% it reported in Q4. Any number over 100% indicates that existing customers are growing after a period of churn. New annual recurring revenue (ARR), meanwhile, came in at $49 million.
Overall revenue for the quarter climbed by 17% to $418.4 million, well above its guidance for revenue of $395 million to $400 million. Its ARR rose by 12% year over year to $1.9 billion. Adjusted earnings per share (EPS) jumped by 36% to $0.15.
Looking ahead, UiPath guided for second-quarter revenue in the range of $395 million to $400 million, representing 9% to 11% growth. It guided for ARR between $1.929 billion and $1.934 billion.
For the full year, it upped its revenue forecast to be between $1.776 billion and $1.781 billion and its ARR forecast to be between $2.058 billion and $2.063 billion. That's up from a prior outlook of revenue of $1.754 billion to $1.759 billion, with ARR of between $2.051 billion and $2.056 billion.
Image source: Getty Images.
While UiPath turned in a solid quarter, it issued conservative Q2 guidance, in part due to some currency headwinds. While the stock is cheap, trading at a forward price-to-sales ratio of 3.5 and a forward P/E of around 14.5, the company needs to see more meaningful ARR growth acceleration for the stock to really work from here.
Agentic AI is still in the very early stages of taking off, and, based on commentary from the AI infrastructure names, this is a real, emerging trend. UiPath's Maestro platform has a big opportunity to be an important AI orchestration tool, and it's already integrated with major platforms such as Alphabet's Google Cloud, Microsoft, and Salesforce. Meanwhile, it's also enabled its platform to handle coding agents, helping provide governance orchestration.
This is a big potential growth driver, but UiPath is not the only player chasing this opportunity, and there is no guarantee it will get its fair share of this emerging market. The stock is speculative, but its low valuation makes it an interesting investment.
Geoffrey Seiler has positions in Alphabet, Salesforce, and UiPath. The Motley Fool has positions in and recommends Alphabet, Microsoft, Salesforce, and UiPath. The Motley Fool has a disclosure policy.
AI-powered orchestration enables one of ANZ’s leading telcos to dramatically reduce complexity and accelerate service delivery for enterprise customers
AUCKLAND, New Zealand--(BUSINESS WIRE)--UiPath (NYSE: PATH), a global leader in business orchestration and automation, today announced that One NZ has set a new benchmark for enterprise service delivery across ANZ using UiPath Maestro™— a cloud-native orchestration platform unifying automation, AI agents, and human interaction into streamlined, end-to-end business processes—to cut mobile provisioning times from ten days to under ten minutes.
"As AI adoption grows, the leading companies won't be those with the newest tech stacks—they'll be the organizations that move fastest with the technology they already have," said Ashley Boag, Chief Operating Officer, International Region, UiPath.
Share Implemented in just five weeks, the deployment proves that AI orchestration can transform legacy-heavy operations at scale without a costly infrastructure overhaul and signals a new standard for how telcos can deliver for enterprise customers.
One NZ set out to transform one of their most complex back-office workflows: enterprise mobile provisioning, built across multiple disconnected systems. Enterprise mobile provisioning spanned Salesforce, Oracle, and internal platforms, with fragmented handoffs and dependence on offshore intervention stretching order cycles to four or five days. Manual processes introduced delays, limiting visibility across the customer order journey, and creating compounding operational complexity that demanded a fundamentally different approach.
Rather than replacing an existing infrastructure for this workflow, One NZ selected UiPath Maestro to create a modern orchestration layer connecting those disconnected systems. AI agents now coordinate tasks across systems while software robots execute processes within applications, enabling near real-time provisioning for enterprise customers and significantly reducing operational complexity. The solution also delivers real-time visibility and control across legacy environments, enabling faster issue resolution, sharper frontline training, and a process that scales with significantly less operational effort.
“One NZ is pursuing an ambitious goal to become the most AI-enabled telco on the planet by using AI and automation to improve customer experiences, increase operational agility, and empower employees,” said Summer Collins, Chief AI and Business Services Director, One NZ.
“AI creates a connected intelligence layer across our business, enabling us to automate across our technology landscape and continuously improve how we serve our customers while maintaining the security, resilience, and scale our organization depends on. Our approach is AI-first, but human where it matters most. By embedding AI into the way we work, we can transform our organisation, increase efficiency, and unlock new opportunities, while giving our people more time to focus on the human moments that create the greatest value for our customers and communities,” Collins added.
“One NZ clearly demonstrates how complex enterprises are built on a combination of modern and legacy technology. UiPath Maestro is the orchestration layer that brings it all together, accelerating transformation without the complexity and pain of ripping out what is working for them or forcibly modernizing what is already there. One NZ’s focus on transformation reflects a broader shift across the telecommunications sector and other sectors. As AI adoption grows, the leading companies won't be those with the newest tech stacks—they'll be the organizations that move fastest with the technology they already have. One NZ is demonstrating what that looks like in practice, orchestrating end-to-end processes to deliver AI-driven outcomes at enterprise scale while keeping people at the center,” said Ashley Boag, Chief Operating Officer, International Region, UiPath.
Building on this deployment, One NZ is extending UiPath Maestro into additional business-critical areas — including finance, risk, fraud, and complex IT programs, as well as broader customer and operational workflows.
The momentum reflects a wider shift taking hold across the telecommunications sector: providers are moving beyond automating individual tasks to orchestrating entire business processes end-to-end, and UiPath Maestro is emerging as the platform layer that makes that transformation both practical and repeatable.
About UiPath
UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: UiPath (PATH - Free Report) UiPath, Inc. provides an end-to-end enterprise automation platform that combines robotic process automation with AI to help organizations discover, build, and operate software automations at scale. The UiPath Platform enables users to automate tasks across user interfaces, APIs, and documents, and to orchestrate digital workers that collaborate with people. Core capabilities include AI-powered document understanding, low-code design tools, process mining to identify automation opportunities, automated testing, analytics, and centralized governance. The company was first established in Bucharest, Romania in 2005 and incorporated in Delaware in 2015. Its principal executive offices are at One Vanderbilt Avenue, New York, NY.
PATH is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. PATH has a Momentum Style Score of A, and shares are up 4.2% over the past four weeks.
For fiscal 2027, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $0.78 per share. PATH boasts an average earnings surprise of +30.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PATH should be on investors' short list.
UiPath demonstrates resilient revenue growth and significant margin expansion, despite lacking clear agentic AI leadership. PATH's net cash balance sheet and low 3.3x sales multiple provide strong financial and valuation support. Management guides for 12.2% YoY ARR growth next quarter, with AI-related expansion deals significantly larger than non-AI deals.
Investors might want to bet on UiPath (PATH - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The upward trend in estimate revisions for this enterprise automation software developer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For UiPath, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $0.15 per share for the current quarter, which represents a year-over-year change of 0.0%.
The Zacks Consensus Estimate for UiPath has increased 74.24% over the last 30 days, as three estimates have gone higher compared to no negative revisions.
Current-Year Estimate RevisionsFor the full year, the company is expected to earn $0.79 per share, representing a year-over-year change of +9.7%.
The revisions trend for the current year also appears quite promising for UiPath, with four estimates moving higher over the past month compared to two negative revisions. The consensus estimate has also received a boost over this time frame, increasing 18.42%.
Favorable Zacks RankThanks to promising estimate revisions, UiPath currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineInvestors have been betting on UiPath because of its solid estimate revisions, as evident from the stock's 7.4% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
