secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001783879-23-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood posts first GAAP net income of $25M in Q2 2023; revenue up 10% sequentially
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000173/0001783879-23-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000173/hood-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001783879-23-000173

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