Ripple CEO Brad Garlinghouse went on Fox Business this month and announced the company expects to reach a $1 billion revenue run rate by the end of this year. Finance coach Kamilah Stevenson says most people heard the headline and missed the point entirely.
The detail she is focused on is two words: “excluding XRP.” Garlinghouse went out of his way to clarify that this $1 billion projection does not count a single dollar from XRP sitting on Ripple’s balance sheet. Stevenson argues that this is the most important part of the announcement, and that once investors understand it, the entire story shifts.
Kamilah explains why one number Ripple put out this month matters far more than the price of ripple:native on any given day.
"The headline is the part that people repeat, and the one word buried inside it is the part that changes this entire story"
"This billion dollars does… pic.twitter.com/JggbrDqIse
— Kamilah Stevenson (@iamkamstevenson) June 29, 2026
Reading Between the Lines
A run rate is not cash already in the bank. It is a forward projection. Taking the company’s current earnings pace and extending it across a full year. So Ripple is not announcing the $1 billion already earned. It is announcing the pace it expects to sustain. Still, the size is significant for a company called out for holding a large supply of XRP.
For years, critics argued that Ripple’s real value was simply the massive XRP reserve it held. The concern that followed was that if Ripple ever needed to raise funds, it would sell XRP into the open market. That selling pressure would land directly on holders.
By stating that the $1 billion run rate comes entirely from business operations, Garlinghouse separates Ripple’s financial health from its XRP holdings. The company is not projecting this revenue because of token appreciation. It is projecting it through business activity.
Traders vs. Long-Term Holders
One commenter focused on price action, noting that the market should not ignore its movements. He noted that the $0.80 range may be approaching and that recapturing and sustaining $1.06 could shift the picture.
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Another community member took a longer view, arguing that once XRP’s commodity status is codified through the CLARITY Act, institutions will hold it the way they hold gold. The difference, in their view, is that unlike gold, XRP moves quadrillions of dollars annually, making it a fiduciary obligation rather than just an option.
The Number to Watch
Stevenson’s point is not that XRP holders should ignore price. Her point is that a company demonstrating $1 billion in business-driven revenue, separate from its token holdings, is a different kind of company than the one many assumed Ripple to be.
The revenue run rate signals operational scale. The “excluding XRP” qualifier signals financial independence from the token. While Ripple still fully backs XRP, the CEO’s statement shows the company is healthy.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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