secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001783879-24-000144
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000144/0001783879-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000144/hood-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001783879-24-000144

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