secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001783879-23-000116
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood Q1 rev $441M (+16% seq); net loss $511M; launches 24hr trading; guides FY op ex lower
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000116/0001783879-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000116/hood-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001783879-23-000116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer