Robinhood (NASDAQ: HOOD ) reported Q1 earnings Wednesday afternoon , with a GAAP EPS of $0.37, beating analyst estimates by ~$0.04. This EPS was down from $1.01 in Q4 but was about twice as high as in Q1 2024. NetHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic background in financial econometri ...

Core Viewpoint - Robinhood Markets Inc. reported better-than-expected quarterly results, with a notable increase in earnings per share and net income, driven by higher trading activity and increased subscription revenues [1][2][3]. Financial Performance - First-quarter 2025 earnings per share reached 37 cents, exceeding the Zacks Consensus Estimate of 31 cents and up from 18 cents in the prior-year quarter [1]. - Net income (GAAP) was $336 million, significantly higher than $157 million in the same quarter last year [2]. - Total net revenues surged 50% year over year to $927 million, surpassing the Zacks Consensus Estimate of $922.68 million [3]. - Average revenue per user (ARPU) increased 39% year over year to $145 [3]. - Transaction-based revenues rose 77.2% to $583 million, driven by improvements in options, equities, and cryptocurrencies [3]. Revenue Breakdown - Net interest revenues (NIR) grew 14.2% to $290 million, attributed to a higher balance of interest-earning assets and securities lending activity [4]. - Other revenues increased 54.3% to $54 million, mainly due to a rise in Gold subscription revenues, with Gold subscribers increasing 90% year over year to 3.2 million [4]. Expense Analysis - Total operating expenses were $557 million, up 21.1%, primarily due to increases across all components [5]. - Adjusted operating expenses rose 15.6% to $460 million, while adjusted EBITDA jumped to $470 million from $247 million in the prior year [5]. Business Activities - As of March 31, 2025, total assets under custody (AUC) increased 70% year over year to $221 billion, driven by net deposits and the TradePMR acquisition [6]. - Equity notional trading volumes rose 84% to $413 billion, options contracts traded increased 46% to 500 million, and crypto notional trading volumes grew 28% to $46 billion [6]. - Monthly Active Users (MAU) reached 14.4 million, up 5.1% year over year [6]. Share Repurchase and Outlook - In the reported quarter, the company repurchased nearly 7.2 million shares for $322 million and increased its share repurchase authorization by $500 million to $1.5 billion [7]. - The company anticipates combined adjusted operating expenses and share-based compensation for 2025 to be in the range of $2.085-$2.185 billion, including TradePMR-related costs [8].

Robinhood Markets, Inc. (HOOD) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.35%. A quarter ago, it was expected that this company would post earnings of $0.42 per share when it actually produced earnings of $0.54, delivering a surprise of 28.57%.Over the last four quarters, the ...

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 March 31, 2025 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 name of ...

Financial Data and Key Metrics Changes - Revenues increased by 50% year over year, reaching $927 million in Q1 [14][16] - Adjusted EBITDA margin expanded by 11 points from a year ago, with adjusted EBITDA of $1.7 billion over the past twelve months [14][18] - EPS more than doubled, with 72% incremental margins [14][16] Business Line Data and Key Metrics Changes - Trading volumes increased by double digits across all categories, with equities trading up 84% year over year and record options volume in the quarter [16] - Retirement assets grew to $16 billion, up about 20% since the start of the year [10] - Gold subscribers nearly doubled year over year to 3.2 million, with a 12% adoption rate overall [12] Market Data and Key Metrics Changes - April net deposits were around $6.5 billion, with equities trading at a four-year high and options trading near an all-time high [15] - International customer base increased to over 50,000, showing continued acceleration [13] Company Strategy and Development Direction - The company aims to build the number one platform for active traders, enhance wallet share for the next generation, and create a global financial ecosystem [5][10] - New products launched include Robinhood Strategies, Robinhood Cortex, and Robinhood Banking, with a focus on serving more customer assets [8][19] - The company is working on expanding its offerings in the UK and Asia, with the Bitstamp acquisition on track to close mid-year [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong product velocity and business results, indicating a positive outlook for continued growth [11][14] - The focus on active traders has made the company more resilient in volatile market conditions [35][36] - Management is optimistic about the potential of new products and the overall business strategy, aiming for profitable growth in 2025 [20][21] Other Important Information - The company has executed over $650 million of its $1 billion share repurchase plan, with an increase in authorization to $1.5 billion [20] - The company is diversifying its business with nine segments generating over $100 million in annualized revenues [18] Q&A Session Summary Question: What is Robinhood doing to accelerate credit cards and checking accounts for gold members? - The number of gold cardholders increased from 100,000 to over 200,000 in Q1, with plans to continue increasing cardholders throughout the year [23][24] Question: When will users be able to invest in private companies such as SpaceX? - The company is focused on policy changes to allow investment in private companies, emphasizing the need for comprehensive security legislation [26][27] Question: When will Robinhood offer 401(k) plans to businesses? - The long-term goal is to expand services to businesses and institutions, with 401(k) plans being a sizable opportunity [28][30] Question: Can you provide additional color on April metrics and customer engagement? - Strong engagement continued into April, with diverse sources of net deposits and a broad-based strength in retail engagement [32][34] Question: What is the trajectory of Robinhood Gold's growth? - The aspiration is to make Robinhood Gold comparable to leading membership loyalty programs, with significant improvements and high customer value [40][42] Question: How is the crypto business performing? - Crypto revenue was approximately $260 million in the quarter, with a focus on market share and ongoing improvements in product offerings [47][49] Question: What are the expectations for credit loss provisioning for the year? - Delinquency rates and write-offs are low, with expectations for gradual increases in credit loss provisioning as more cards are rolled out [82][84]

Robinhood Markets (HOOD) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Speaker0 Thank you to everyone for joining Robinhood's Q1 twenty twenty five earnings call. Joining today are Chair and CEO Vlad Tenev CFO, Jason Warnick and VP of Corporate Finance and Investor Relations, Chris Cagle. Vlad and Jason will offer opening remarks and then open the call to Q and A. During the Q and A portion of the call, we will answer questions from institutional research analysts and we will also answer questions from r ...

Robinhood Markets, Inc. Earnings Presentation First Quarter 2025 April 30, 2025 investors.robinhood.com ‧•‧‧••‧•••••••‧•‧••‧ Robinhood Earnings Presentation Q1 2025 Disclaimers This Presentation Relates to Robinhood's Broader Earnings Announcement Disclosures This presentation accompanies the first quarter 2025 earnings announcement webcast of Robinhood Markets, Inc. (including its consolidated subsidiaries, "we," "Robinhood," or the "Company") and should be read together with Robinhood's earnings announcem ...

Group 1 - The core revenue for Robinhood in the first quarter reached $927 million, exceeding market expectations of $920 million and showing a significant increase from $618 million in the same period last year [1] - The net profit for Robinhood was $336 million, surpassing market expectations of $310 million and up from $157 million year-over-year [1]

MENLO PARK, Calif. – April 30, 2025 – Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today announced financial results for the first quarter of 2025, which ended March 31, 2025. "This quarter, we significantly accelerated product innovation across our key initiatives, highlighted by the announcement of Robinhood Strategies, Banking, and Cortex," said Vlad Tenev, Chair and CEO of Robinhood. "Customers have clearly responded — demonstrated by record-breaking net deposits, Robinhood Gold subscriptions, a ...

Revenues up 50% year-over-year to $927 million Net Deposits grow to a record $18.0 billion, and Robinhood Gold Subscribers reached a record 3.2 million Net Income up 114% year-over-year to $336 million Diluted EPS up 106% year-over-year to $0.37 Board of directors increases share repurchase authorization by $500 million to $1.5 billion MENLO PARK, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the first quarter of 2025, w ...