secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001783879-24-000231
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood reports record Q2 revenue of $682M, GAAP EPS $0.21, net income $188M
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- Total net revenues $682M, up 40% YoY; GAAP diluted EPS $0.21 vs $0.03 YoY; net income $188M.
- Net deposits $13.2B (41% annualized growth rate); AUC $139.7B, up 57% YoY.
- Gold subscribers reached 2M, up 61% YoY; retirement AUC $8.7B.
- Board authorized $1B share repurchase program; acquired Bitstamp crypto exchange and Pluto Capital.
- Margin balances grew >20% to $5.0B; notional crypto trading volumes up 137% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000231/0001783879-24-000231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000231/hood-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001783879-24-000231

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