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The latest data point for HOOD in Q1'26 shows an EV/EBITDA ratio of 21.522. This represents a continued decline from the peak levels seen in the preceding fiscal periods of 2025. The chart displays a significant transition from negative territory between Q2'23 and Q4'23 to a volatile but generally positive valuation trend starting in Q1'24. After reaching a historical high of 48.834 in Q2'25, the ratio has trended downward through Q1'26, reflecting a contraction in the valuation multiple over the most recent four quarters.