This is a stock that has really appreciated in the last year, but the latest pullback gives usRobinhood Markets, Inc. (NASDAQ: HOOD ) has delivered a solid Q1 beat , showing incredible growth and shrinking a very bullish outlook.This is a high-risk/high-reward opportunity, which is exactly what I look for in my YOLO portfolio.Joint the Pragmatic Investor today to get insight into stocks with high return potential.You will also get:- Weekly Macro newsletter- Access to the End of The World and YOLO portfolios ...

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 ...

[PART I - FINANCIAL INFORMATION](index=7&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Unaudited Financial Statements](index=7&type=section&id=ITEM%201.%20Unaudited%20Financial%20Statements) This section presents Robinhood's unaudited condensed consolidated financial statements for the quarterly period ended March 31, 2025, including balance sheets, statements of operations, comprehensive income, cash flows, and stockholders' equity [Condensed Consolidated Financial Statements](index=7&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The condensed consolidated financial statements show significant year-over-year growth, with total assets increasing to $27.5 billion and net income rising to $336 million Key Balance Sheet Figures (As of March 31, 2025) | Metric | Dec 31, 2024 (in millions) | Mar 31, 2025 (in millions) | | :--- | :--- | :--- | | **Total Assets** | $26,187 | $27,517 | | Cash and cash equivalents | $4,332 | $4,416 | | Receivables from users, net | $8,239 | $9,167 | | **Total Liabilities** | $18,215 | $19,564 | | Payables to users | $7,448 | $7,116 | | Securities loaned | $7,463 | $9,098 | | **Total Stockholders' Equity** | $7,972 | $7,953 | Key Income Statement Figures (Three Months Ended March 31) | Metric | 2024 (in millions) | 2025 (in millions) | | :--- | :--- | :--- | | **Total Net Revenues** | $618 | $927 | | Transaction-based revenues | $329 | $583 | | Net interest revenues | $254 | $290 | | **Total Operating Expenses** | $460 | $557 | | **Net Income** | $157 | $336 | | **Diluted EPS** | $0.18 | $0.37 | - Net cash provided by operating activities was **$642 million** for the three months ended March 31, 2025, a significant reversal from the **$623 million** used in the same period in 2024[25](index=25&type=chunk) [Note 3 - Business Combinations](index=14&type=section&id=Note%203%20-%20Business%20Combinations) Robinhood acquired TradePMR for approximately $175 million in cash and announced a pending acquisition of Bitstamp for $200 million to expand its investment advisory and cryptocurrency capabilities - Acquired TradePMR for approximately **$175 million** in cash to deliver investment advisory capabilities to customers[42](index=42&type=chunk)[43](index=43&type=chunk) Preliminary Purchase Price Allocation for TradePMR (in millions) | Assets/Liabilities | Fair Value | | :--- | :--- | | Goodwill | $113 | | Intangible assets | $81 | | Net tangible assets | $(19) | | **Net assets acquired** | **$175** | - Announced a pending agreement to acquire cryptocurrency exchange Bitstamp for approximately **$200 million** in cash, with the deal expected to close in mid-2025[48](index=48&type=chunk) [Note 5 - Revenues](index=18&type=section&id=Note%205%20-%20Revenues) Total net revenues for Q1 2025 increased to $927 million, primarily driven by transaction-based revenues, with significant growth in cryptocurrency and options revenue Disaggregation of Revenues (Three Months Ended March 31, in millions) | Revenue Source | 2024 | 2025 | | :--- | :--- | :--- | | **Transaction-based revenues** | **$329** | **$583** | | Cryptocurrencies | $126 | $252 | | Options | $154 | $240 | | Equities | $39 | $56 | | **Net interest revenues** | **$254** | **$290** | | Margin interest | $72 | $110 | | **Other revenues** | **$35** | **$54** | | Robinhood Gold subscription | $23 | $38 | | **Total net revenues** | **$618** | **$927** | [Note 11 - Common Stock and Stockholders' Equity](index=29&type=section&id=Note%2011%20-%20Common%20Stock%20and%20Stockholders%27%20Equity) The company repurchased approximately 7.2 million shares for $322 million and authorized an additional $500 million for its share repurchase program - During Q1 2025, the company repurchased approximately **7.2 million shares** of its Class A common stock for **$322 million** under its authorized share repurchase program[100](index=100&type=chunk) - On April 30, 2025, the board of directors authorized an additional **$500 million** for the repurchase program, increasing the total authorization to **$1.5 billion**[100](index=100&type=chunk) [Note 14 - Commitments & Contingencies](index=34&type=section&id=Note%2014%20-%20Commitments%20%26%20Contingencies) Robinhood's accrued loss contingencies decreased to $60 million, following settlements with the SEC and FINRA totaling $45 million and $26 million, respectively - Accrued loss contingencies decreased to **$60 million** as of March 31, 2025, from **$128 million** as of December 31, 2024[110](index=110&type=chunk) - In January 2025, Robinhood resolved multiple SEC investigations concerning Regulation SHO, anti-money laundering, cybersecurity, and recordkeeping, paying penalties of **$45 million**[118](index=118&type=chunk)[119](index=119&type=chunk) - In March 2025, the company resolved several FINRA investigations related to fractional share reporting, marketing, and AML compliance, paying a **$26 million** penalty and approximately **$3.76 million** in restitution[120](index=120&type=chunk) - The SEC closed its investigation into Robinhood Crypto (RHC) on February 21, 2025, after previously issuing a Wells Notice in May 2024 regarding potential violations of the Exchange Act[123](index=123&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported strong Q1 2025 performance with total net revenues up 50% to $927 million and net income up 114% to $336 million, driven by transaction-based and net interest revenues [Key Performance Metrics](index=40&type=section&id=Key%20Performance%20Metrics) Robinhood saw significant Q1 2025 growth in key user and asset metrics, with Funded Customers increasing 8% and Total Platform Assets surging 70% Key Performance Metrics (Three Months Ended March 31) | Metric | 2024 | 2025 | % Change | | :--- | :--- | :--- | :--- | | Funded Customers (millions) | 23.9 | 25.8 | 8% | | Total Platform Assets (billions) | $129.6 | $220.6 | 70% | | Net Deposits (billions) | $11.2 | $18.0 | 61% | | ARPU (annualized) | $104 | $145 | 39% | | Robinhood Gold Subscribers (millions) | 1.68 | 3.19 | 90% | - The acquisition of TradePMR in February 2025 contributed **0.1 million** acquired customers and **$42.9 billion** in acquired assets to the company's totals[149](index=149&type=chunk) [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Total net revenues grew 50% to $927 million in Q1 2025, driven by a 77% increase in transaction-based revenues, particularly from crypto and options, while operating expenses rose 21% - Cryptocurrency revenues doubled to **$252 million**, driven by a higher rebate rate from market makers and a **45% increase** in the number of users trading crypto[156](index=156&type=chunk)[157](index=157&type=chunk) - Net interest revenues increased by **$36 million**, primarily due to a **53% increase** in margin interest revenue and a **53% increase** in net securities lending revenue[160](index=160&type=chunk) - Marketing costs increased by **$38 million (57%)**, driven by a **$25 million** increase in digital marketing as the company invested more in paid channels to promote its brand and products[170](index=170&type=chunk) - General and administrative costs increased by **$15 million (13%)**, mainly due to a **$12 million** increase in SBC, which was affected by a prior-year reversal of expenses related to a co-founder's resignation[171](index=171&type=chunk) [Liquidity and Capital Resources](index=54&type=section&id=Liquidity%20and%20Capital%20Resources) Robinhood maintained a strong liquidity position with $4.42 billion in cash and access to $3.65 billion in credit facilities, with all broker-dealer subsidiaries compliant with net capital requirements - As of March 31, 2025, the company had **$4.42 billion** in cash and cash equivalents and **$192 million** in held-to-maturity investments[174](index=174&type=chunk) - The company has access to revolving credit facilities with a total borrowing capacity of up to **$3.65 billion**, with no borrowings outstanding as of March 31, 2025[175](index=175&type=chunk)[83](index=83&type=chunk) Regulatory Net Capital (As of March 31, 2025, in millions) | Subsidiary | Net Capital | Required Net Capital | Excess Net Capital | | :--- | :--- | :--- | :--- | | RHS | $2,697 | $191 | $2,506 | | RHF | $407 | $0.25 | $407 | | RHD | $38 | $2 | $36 | | TradePMR | $5 | $2 | $3 | [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Robinhood's primary market risk is interest rate changes, with a 100 basis point increase estimated to boost net revenues by $208 million over 12 months, while credit risk is managed through collateral Interest Rate Sensitivity Analysis (Impact over next 12 months) | Hypothetical Rate Change | Impact on Net Revenues (in millions) | | :--- | :--- | | +150 basis points | $313 | | +100 basis points | $208 | | +50 basis points | $104 | - The company manages credit risk on margin lending by requiring customers to maintain collateral and monitoring margin levels daily[193](index=193&type=chunk) - Securities lending risk is managed by requiring credit approvals for counterparties and daily monitoring of collateral values[193](index=193&type=chunk) [Controls and Procedures](index=59&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting - Based on an evaluation as of the end of the period, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[195](index=195&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the three months ended March 31, 2025[196](index=196&type=chunk) [PART II - OTHER INFORMATION](index=60&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=60&type=section&id=ITEM%201.%20Legal%20Proceedings) This section refers to Note 14 of the financial statements for details on various legal and regulatory matters, including settlements and ongoing investigations - For detailed information on legal proceedings, the report refers to Note 14 of the Unaudited Condensed Consolidated Financial Statements[198](index=198&type=chunk) [Risk Factors](index=61&type=section&id=ITEM%201A.%20Risk%20Factors) This section details numerous risks facing Robinhood, including potential declines in growth, market volatility, regulatory scrutiny of transaction-based revenue, and cybersecurity threats [Risks Related to Our Business](index=63&type=section&id=Risks%20Related%20to%20Our%20Business) The company faces business risks including fluctuating quarterly results, reliance on transaction-based revenue (PFOF) vulnerable to regulatory changes, and exposure to interest rate fluctuations - A large portion of revenue is transaction-based, including Payment for Order Flow (PFOF), which is sensitive to trading volumes, market maker relationships, and heightened regulatory scrutiny that could lead to new rules or bans[214](index=214&type=chunk)[218](index=218&type=chunk) - The business is exposed to interest rate fluctuations, which can impact net interest revenues[225](index=225&type=chunk) - A return to a low-interest-rate environment would negatively affect revenues and customer returns on cash deposits[225](index=225&type=chunk) - The company may need additional capital to support liquidity, growth, and regulatory requirements, but such funding may not be available on reasonable terms, if at all[230](index=230&type=chunk) [Risks Related to Regulation and Litigation](index=77&type=section&id=Risks%20Related%20to%20Regulation%20and%20Litigation) Robinhood operates in a complex regulatory environment, facing extensive laws, ongoing investigations, and numerous litigation matters that could result in significant penalties and reputational harm - The business is subject to extensive, complex, and changing laws and regulations, and failure to comply could harm the business[263](index=263&type=chunk)[270](index=270&type=chunk) - The company has been and expects to continue to be subject to regulatory investigations and actions[263](index=263&type=chunk)[270](index=270&type=chunk) - The company is involved in numerous litigation matters, including class-action lawsuits, which are expensive and, if resolved adversely, could expose it to significant liability and reputational harm[280](index=280&type=chunk) - The company is subject to strict anti-corruption, anti-money laundering, and economic sanctions laws, and violations could lead to criminal or civil liability[283](index=283&type=chunk)[285](index=285&type=chunk) - Recent settlements with NYDFS and the SEC highlight these risks[283](index=283&type=chunk)[285](index=285&type=chunk) [Risks Related to Our Platforms, Systems, and Technology](index=86&type=section&id=Risks%20Related%20to%20Our%20Platforms%2C%20Systems%2C%20and%20Technology) The company's platforms are vulnerable to interruptions and flaws, rely on third-party services, and face new risks from incorporating AI technologies - The company's products and services rely on complex software and systems that have been and may be subject to interruption, instability, and other failures, which can lead to negative customer experiences and regulatory action[294](index=294&type=chunk) - A substantial majority of customer activity occurs on mobile devices, making the company dependent on the effective operation and policies of app stores and mobile operating systems like Android and iOS, which it does not control[299](index=299&type=chunk) - The company relies on third parties for key functions like cloud infrastructure (AWS), market data, and clearing systems[301](index=301&type=chunk) - Failure of these third parties to perform could disrupt business and harm operations[301](index=301&type=chunk) [Risks Related to Cryptocurrency Products and Services](index=96&type=section&id=Risks%20Related%20to%20Cryptocurrency%20Products%20and%20Services) The cryptocurrency business faces significant risks from irreversible asset loss, uncertain regulatory status of assets, extreme price volatility, and evolving legal and accounting standards - The loss, destruction, or unauthorized use of private keys required to access customer cryptocurrencies could result in irreversible loss, for which the company might be liable[335](index=335&type=chunk) - A cryptocurrency's status as a 'security' in the U.S. is highly uncertain[346](index=346&type=chunk)[349](index=349&type=chunk) - If a supported cryptocurrency is deemed a security, Robinhood could face regulatory scrutiny, fines, and be forced to cease trading of that asset[346](index=346&type=chunk)[349](index=349&type=chunk) - Cryptocurrency laws and regulations are rapidly evolving and often difficult to interpret[352](index=352&type=chunk) - Changes in these laws or failure to comply could negatively impact the company's crypto trading operations[352](index=352&type=chunk) [Risks Related to Our Class A Common Stock](index=115&type=section&id=Risks%20Related%20to%20Our%20Class%20A%20Common%20Stock) The Class A common stock price is highly volatile, future stock sales or issuances could depress prices, and the multi-class structure concentrates voting power with founders - The trading price of the Class A common stock has been and is expected to remain highly volatile due to market conditions, company performance, and other factors[410](index=410&type=chunk) - The multi-class stock structure concentrates over **50%** of the voting power with the company's founders, allowing them to determine or significantly influence any action requiring stockholder approval[421](index=421&type=chunk) - A share repurchase program is authorized for up to **$1.5 billion**, but there are no guarantees on the timing or amount of repurchases, or that the program will enhance shareholder value[418](index=418&type=chunk)

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]

Financial Data and Key Metrics Changes - Revenues increased by 50% year over year, reaching $927 million in Q1 2025, with adjusted EBITDA margins expanding by 11 points from the previous year [14][11] - EPS more than doubled, and adjusted EBITDA for the past twelve months reached $1.7 billion [14] - Net deposits for April were approximately $6.5 billion, with record net deposits of $18 billion in the quarter [15][11] - Margin balances increased to $8.4 billion, doubling from the previous year [15] 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 achieved [15][11] - Retirement assets grew to $16 billion, a 20% increase since the start of the year [9] - Robinhood Gold subscribers nearly doubled year over year to 3.2 million, with a 12% adoption rate overall [12] - The launch of new products like Robinhood Strategies, Robinhood Cortex, and Robinhood Banking has seen rapid adoption, with Robinhood Strategies already having over 40,000 customers and $100 million in assets [7][18] Market Data and Key Metrics Changes - International customer base has grown to over 50,000, with continued acceleration expected [13] - The company is enhancing its UK brokerage offering and preparing for a launch in Asia [9] Company Strategy and Development Direction - The company aims to build the number one platform for active traders, increase wallet share for the next generation, and create a global financial ecosystem [4] - The focus on product velocity has led to strong business results, with plans to continue expanding offerings and improving customer experience [11][20] - The acquisition of Bitstamp is on track to close mid-year, further enhancing the company's crypto offerings [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and product velocity, noting strong engagement and resilience among active traders [36][37] - The company is focused on maximizing earnings per share and free cash flow over time, with a positive outlook for continued profitable growth in 2025 [20][90] Other Important Information - The company has executed over $650 million of its $1 billion share repurchase program, with an increase in authorization to $1.5 billion [19][20] - The company is diversifying its business with nine segments generating over $100 million in annualized revenues, nearly double from previous years [17] Q&A Session Summary Question: What is Robinhood doing to accelerate credit cards and checking accounts for gold members? - Management reported a doubling of gold cardholders to over 200,000 in Q1 and plans to continue increasing this number throughout the year [23] Question: When will users be able to invest in private companies such as SpaceX? - Management highlighted the need for comprehensive security legislation and a rethinking of accredited investor rules to enable investments in private companies [26][27] Question: When will Robinhood offer 401(k) plans to businesses? - The company aims to expand its services to businesses and institutions, with 401(k) administration being a long-term opportunity [29][30] Question: Can you provide insights on April metrics and customer engagement? - Management noted strong engagement across the board in April, with diverse sources of net deposits and a broad-based strength in retail engagement [34][35] Question: What is the trajectory of Robinhood Gold's growth? - Management expressed confidence in Robinhood Gold's growth trajectory, aiming to make it comparable to leading membership loyalty programs [40][41] Question: How is the crypto business performing? - The crypto segment had a strong quarter with $260 million in revenue, and management is focused on increasing market share despite fluctuations in trading volumes [48][49] Question: What are the expectations for credit loss provisioning? - Management indicated low delinquency rates and write-offs, with expectations for gradual increases in credit loss provisions as more cards are rolled out [86] Question: How is the adoption of smart exchange routing for crypto traders? - Early results for smart exchange routing are positive, particularly among active traders, with plans for further customization and pricing based on trading activity [102]

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]

Core Insights - Robinhood's Q1 2025 revenue reached $927 million, exceeding market expectations of $920 million and showing growth from $618 million in the same period last year [1] - The net profit for Robinhood was $336 million, also surpassing market expectations of $310 million, compared to a net profit of $157 million in the same quarter last year [1]