---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-24-000144"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:14:20.256044+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001783879-24-000144
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000144/0001783879-24-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000144/hood-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-24-000144
- JSON: https://secwatch.observer/filing/0001783879-24-000144.json
- Plain text: https://secwatch.observer/filing/0001783879-24-000144.txt

## Key facts
- Earnings Releases
  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
  source text: Robinhood Reports First Quarter 2024 Results Record Revenues of $618 million, up 40% year-over-year and Record GAAP Diluted EPS of $0.18
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000144/0001783879-24-000144-index.htm

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