{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-23-000173","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.220032+00:00","generated_at":"2026-06-12T14:21:54.606051+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Robinhood posts first GAAP net income of $25M in Q2 2023; revenue up 10% sequentially","bullets":["GAAP net income $25M ($0.03 EPS) vs net loss of $511M in Q1; first profitable quarter as public company.","Total net revenues $486M, up 10% sequentially; net interest revenue $234M (+13%), transaction-based revenues $193M (-7%).","Adjusted EBITDA $151M (31% margin), up 31% sequentially; ARPU rose to $84 from $77.","AUC reached $89B (+13% sequentially); net deposits $4.1B; MAU fell to 10.8M from 11.8M.","Acquired X1 (no-fee credit card) in July; full-year GAAP op-ex outlook improved to $2.33-2.41B."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-23-000173","json":"https://secwatch.observer/filing/0001783879-23-000173.json","markdown":"https://secwatch.observer/filing/0001783879-23-000173.md","text":"https://secwatch.observer/filing/0001783879-23-000173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000173/0001783879-23-000173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000173/hood-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:21:54.606051+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":"ed9e39f5fb967ccbc083a83ed3d355bc62bac54f","claim":"Robinhood Markets, Inc. reported second quarter of 2023 results: revenue $486 million, net income $25 million, EPS $0.03. Guidance lowered.","evidence_excerpt":"Second Quarter Results: • Total net revenues increased 10% sequentially to $486 million, primarily due to seasonally higher proxy revenue and higher net interest revenues, partially offset by lower transaction-based revenues. • Transaction-based revenues decreased 7% sequentially to $193 million. ◦ Options decreased 5% to $127 million. ◦ Cryptocurrencies decreased 18% to $31 million. ◦ Equities decreased 7% to $25 million. • Net interest revenue increased 13% sequentially to $234 million, driven by growth in interest earning assets, higher short term interest rates, and increased securities lending activity . • Net income was $25 million , or earnings per share (EPS) of $0.03, compared with a net loss of $511 million, or EPS of -$0.57, in Q1 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000173/0001783879-23-000173-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"$486 million"},{"label":"Net income","value":"$25 million"},{"label":"EPS","value":"$0.03"},{"label":"Guidance","value":"lowered"},{"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"}