FORT WORTH, Texas--(BUSINESS WIRE)--Today, Consensys, the leading blockchain and web3 software company, and Robinhood Markets, Inc (NASDAQ: HOOD), launched the integration of Robinhood Connect with MetaMask, the world’s leading self-custodial web3 wallet. Using MetaMask’s Buy Crypto feature, customers can now purchase crypto through Robinhood’s low cost order engine. The launch is part of MetaMask’s ongoing goal of supporting the adoption of web3 by providing more users with frictionless, secure, and self-c ...

Robinhood Markets, Inc. (HOOD) closed at $10.92 in the latest trading session, marking a +0.09% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.07% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.The the stock of company has fallen by 8.93% in the past month, lagging the Finance sector's gain of 0.61% and the S&P 500's gain of 2.93%.The investment community will be closely monitoring the perf ...

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $10.91, demonstrating a +1.58% swing from the preceding day's closing price. This change outpaced the S&P 500's 1.25% gain on the day. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.The the stock of company has fallen by 8.91% in the past month, lagging the Finance sector's loss of 2.58% and the S&P 500's gain of 1.58%.Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, I ...

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $10.81, demonstrating a -1.28% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 0.36%.Shares of the company have depreciated by 15.38% over the course of the past month, underperforming the Finance sector's loss of 2.71% and the S&P 500's gain of 2.4%.The investment community will be paying close attention to the earnings ...

In 2021, Robinhood Markets‘ (NASDAQ:HOOD) shares soared to $50 as a new wave of day traders embraced stock speculation. However, by 2023, the tide had turned, with speculators shifting focus, and HOOD stock, now valued at $9, trades modestly above tangible book value.On the other hand, Robinhood transformed stock trading, but in 2024, the company’s business model has evolved. Investors, after thorough research, may opt to sell or increase their stake based on their belief in the blockchain revolution and cr ...

Kimberly White Amidst a surge in speculative stocks, Robinhood (NASDAQ:HOOD) has seen its stock run up as well. The company appears to be benefitting from a win-win situation: higher interest rates have led to a surge in interest income and profitability, while the prospects for interest rate cuts might lead to increased trading revenues and higher valuation multiples. HOOD continues to hold a bulletproof balance sheet highlighted by over $5 billion of net cash and I expect top-line growth to accelerate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from ________ to ________ Commission File Number: 001-40691 ______________________ Robinhood Markets, Inc. (Exact ...

Financial Outlook for Operating Expenses Prior to SBC (GAAP to Non-GAAP Reconciliation) | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|----------------------------------------------|----------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------------------------|-------------------- ...

Financial Performance - Total net revenues increased to $486 million, a year-over-year growth of 53% from $318 million[153] - Net income for the quarter was $25 million, or $0.03 per share, compared to a net loss of $295 million, or -$0.34 per share[153] - Adjusted EBITDA improved to $151 million, a year-over-year increase of $231 million from a negative $80 million[158] - Net income for Q2 2023 was $25 million, a significant improvement from a net loss of $295 million in Q2 2022[168] - Total net revenues for Q2 2023 reached $486 million, up 53% from $318 million in Q2 2022[168] - Net interest revenues increased by $160 million to $234 million in Q2 2023, compared to $74 million in Q2 2022, driven by higher short-term interest rates[173] - Other revenues rose to $59 million for the three months ended June 30, 2023, a 40% increase from $42 million in the same period of 2022[2] Operating Expenses - Operating expenses decreased by 24% to $466 million from $610 million year-over-year[153] - Total operating expenses decreased to $466 million in Q2 2023 from $610 million in Q2 2022, reflecting cost management efforts[168] - Total operating expenses decreased by 24% to $466 million for the three months ended June 30, 2023, down from $610 million in the same period of 2022[3] - Brokerage and transaction expenses increased by 30% to $39 million for the three months ended June 30, 2023, compared to $30 million in the same period of 2022[4] - Technology and development costs decreased by 16% to $207 million for the three months ended June 30, 2023, down from $245 million in the same period of 2022[5] - Operations costs decreased by 58% to $36 million for the three months ended June 30, 2023, compared to $86 million in the same period of 2022[6] - General and administrative expenses decreased by 30% to $159 million for the three months ended June 30, 2023, down from $226 million in the same period of 2022[7] User Metrics - Net Cumulative Funded Accounts (NCFA) grew to 23.2 million, up 1% from 22.9 million[158] - Monthly Active Users (MAU) decreased to 10.8 million, down 23% from 14.0 million[158] - The number of users placing cryptocurrency trades decreased by 39% in Q2 2023 compared to the same period last year[170] - Options contracts traded increased by 35% in Q2 2023, with DARTs rising from 0.5 million to 0.6 million[172] - Average notional trading volume per trader for equities increased by 9% in Q2 2023, despite a 16% decrease in the number of users placing equity trades[171] Cash Flow and Liquidity - Cash provided by operating activities increased by $2,024 million, resulting in a positive cash flow of $1,198 million for the six months ended June 30, 2023, driven by lower net loss and higher SBC expense[193] - As of June 30, 2023, cash and cash equivalents were $5.83 billion, down from $6.34 billion as of December 31, 2022, while held-to-maturity investments maturing in one year were $321 million[189] - The company had $2.81 billion in committed revolving lines of credit as of June 30, 2023, providing additional liquidity options[190] Interest Rate Risk - A hypothetical 100 basis point decrease in interest rates would negatively impact total net revenues by approximately 11% as of June 30, 2023[201] - The company has no outstanding borrowings under its variable-rate credit facilities as of June 30, 2023, indicating limited financial exposure to interest rate changes[203] - The company has established a comprehensive interest rate risk management policy to identify and manage interest rate risk exposure[204] - A hypothetical 100 basis point increase in interest rates would not significantly impact the value of the investment portfolio unless investments are sold prior to maturity[202] Compliance and Controls - There have been no changes in internal control over financial reporting that materially affected the company's controls during the three months ended June 30, 2023[208] - Management has concluded that the disclosure controls and procedures were effective as of the end of the reporting period[207] - The company continuously monitors customer accounts to detect excessive concentration and other activities indicating increased risk[206] - The company requires customers to maintain collateral in compliance with internal and regulatory guidelines to manage margin and securities-based lending risks[206] - The company participates in a risk-sharing program offered through the OCC to manage risks associated with securities lending activities[206]

Robinhood Markets, Inc. (NASDAQ:HOOD) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Chris Koegel - VP and Head, IR Vlad Tenev - CEO and Co-Founder Jason Warnick - CFO Conference Call Participants Rich Repetto - Piper Sandler Dan Dolev - Mizuho Alex Markgraff - KeyBanc Capital Markets Devin Ryan - JMP Securities Michael Cyprys - Morgan Stanley Will Nance - Goldman Sachs Ken Worthington - JP Morgan Matthew O'Neill - FT Partners Mark McLaughlin - Bank of America Merrill Lynch ...