---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-23-000267"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:48:15.613998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Robinhood Q3 net loss narrows to $85M; revenue up 29% to $467M

## Summary
- Revenue $467M (+29% YoY); net loss $85M vs $175M loss in Q3 2022; EPS -$0.09.
- Net interest revenue $251M (+96% YoY); transaction revenue $185M (-11%); crypto revenue down 55%.
- Adjusted EBITDA $137M (+191% YoY); MAU 10.3M (-16% YoY); AUC $87B (+34%).
- Guidance: GAAP op expenses $2.399B-$2.439B FY2023 incl $104M regulatory accrual.
- Plans to launch UK brokerage and EU crypto trading soon; bought 55.3M shares in Q3.

## SEC filing metadata
- accession: 0001783879-23-000267
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/0001783879-23-000267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/hood-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-23-000267
- JSON: https://secwatch.observer/filing/0001783879-23-000267.json
- Plain text: https://secwatch.observer/filing/0001783879-23-000267.txt

## Key facts
- Earnings Releases
  Robinhood Markets, Inc. reported Third Quarter of 2023 results: net income Net loss was $85 million.
  - Period: Third Quarter of 2023
  - Net income: Net loss was $85 million
  - Result: reported results
  source text: • Total net revenues increased 29% year-over-year to $467 million, primarily due to higher net interest and other revenues, partially offset by lower transaction-based revenues.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/0001783879-23-000267-index.htm
- Earnings Releases
  Robinhood Markets, Inc. reported Third Quarter of 2023 results: net income Net loss was $85 million.
  - Period: Third Quarter of 2023
  - Net income: Net loss was $85 million
  - Result: reported results
  source text: • Net loss was $85 million , or earnings per share (EPS) of -$0.09, compared with a net loss of $175 million, or EPS of -$0.20, in Q3 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/0001783879-23-000267-index.htm
- Earnings Releases
  Robinhood Markets, Inc. updated its Full-year 2023 guidance (reaffirmed).
  - Period: Full-year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: • GAAP total operating expenses for full-year 2023 to be in the range of $2.399 billion to $2.439 billion (including a $104 million regulatory accrual in Q3 2023), updated from our prior outlook of $2.330 billion to $2.410 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/0001783879-23-000267-index.htm
- Earnings Releases
  Robinhood Markets, Inc. updated its Full-year 2023 guidance (reaffirmed).
  - Period: Full-year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: • Adjusted Operating Expenses for full-year 2023 to be in the range of $1.435 billion to $1.455 billion, an improvement of $5 million from the midpoint from our prior outlook (previously operating expenses prior to SBC) of $1.430 billion to $1.470 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000267/0001783879-23-000267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.