{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-23-000116","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.554429+00:00","generated_at":"2026-06-15T06:49:51.539290+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Robinhood Q1 rev $441M (+16% seq); net loss $511M; launches 24hr trading; guides FY op ex lower","bullets":["Total net revenues $441M, up 16% sequentially; transaction rev $207M (options $133M, equities $27M), net interest $208M.","Net loss $511M (EPS -$0.57) vs Q4 loss $166M (-$0.19); includes $485M one-time SBC charge from 2021 Founders Award Cancellation.","Adjusted EBITDA $115M, up 40% sequentially; AUC $78B (+26%), net deposits $4.4B (29% annualized growth rate).","FY 2023 GAAP op ex guidance improved to $2.345B-$2.485B (down $30M from prior outlook); SBC guided $925M-$1.005B.","Launched 24 Hour Market for individual stocks; applied for Futures Commission Merchant license; UK brokerage on track for year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-23-000116","json":"https://secwatch.observer/filing/0001783879-23-000116.json","markdown":"https://secwatch.observer/filing/0001783879-23-000116.md","text":"https://secwatch.observer/filing/0001783879-23-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000116/0001783879-23-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000116/hood-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:49:51.539290+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e42b31438efc7581e86b079ec3b38ef6a2756f4c","claim":"Robinhood Markets, Inc. reported first quarter of 2023 (quarter ended March 31, 2023) results: revenue $441 million, net income -$511 million, EPS -$0.57.","evidence_excerpt":"First Quarter Results: • Total net revenues increased 16% sequentially to $441 million. • Transaction-based revenues increased 11% sequentially to $207 million. ◦ Options increased 7% to $133 million. ◦ Cryptocurrencies decreased 1% to $38 million. ◦ Equities increased 29% to $27 million. • Net interest revenue increased 25% sequentially to $208 million, driven by growth in interest earning assets, increased securities lending activity, and higher short-term interest rates. • Net loss was $511 million, or earnings per share (EPS) of -$0.57, compared with net loss of $166 million, or EPS of -$0.19, in Q4 2022, a sequential decrease of $345 million or $0.38 per share .","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000116/0001783879-23-000116-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023 (quarter ended March 31, 2023)"},{"label":"Revenue","value":"$441 million"},{"label":"Net income","value":"-$511 million"},{"label":"EPS","value":"-$0.57"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}