Robinhood Q1 2024: record revenue $618M, net income $157M, diluted EPS $0.18

Robinhood Markets, Inc.

2024-Q1 EPS reported $0.18 revenue$618,000,000

Total net revenues $618M, up 40% YoY; net income $157M vs loss of $511M in Q1 2023.
GAAP diluted EPS $0.18, record high; compares to -$0.57 a year ago (includes $485M SBC charge in prior year).
Gold subscribers 1.7M, up 42% YoY; Net Deposits $11.2B, annualized growth 44%.
AUC $129.6B, up 65% YoY; Crypto revenue $126M (+232% YoY) drove transaction revenue growth.
FY2024 expense outlook reaffirmed: GAAP opex + non-GAAP adj. opex & SBC in $1.85B-$1.95B range.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Robinhood Markets, Inc. reported the first quarter of 2024, which ended March 31, 2024 results: revenue $618 million, net income $157 million, EPS $0.18. Guidance reaffirmed.

Period: the first quarter of 2024, which ended March 31, 2024
Revenue: $618 million
Net income: $157 million
EPS: $0.18
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Robinhood Reports First Quarter 2024 Results Record Revenues of $618 million, up 40% year-over-year and Record GAAP Diluted EPS of $0.18

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Robinhood Markets, Inc. filing history →

Source: SEC EDGAR

accession 0001783879-24-000144

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