Robinhood Markets, Inc.

Robinhood Q2 FY26 — Record Revenues, Net Deposits, and Gold Subscribers Driven by Product Velocity and Expense Discipline

• Strength Record revenues of $1.3 billion, up 32% year-over-year.
• Watch July net deposits tracking towards $4 billion, which is lower than the Q2 average, potentially indicating summer seasonality.

Robinhood Q1 FY26 — Strong Product Velocity and Strategic Expansion Drive Growth

• Strength Total net revenue grew 15% year-over-year to $1.07 billion.
• Watch Securities lending net revenue was lower due to decreased volatility and fewer IPOs, impacting special rebates.

Robinhood Q4 FY25 — Record Growth and Accelerated Product Velocity

• Strength Total platform assets grew nearly 70% year-over-year to $324 billion.
• Watch The company's share price dropped more than 40%, attributed to market volatility and short-term fluctuations in crypto and prediction markets.

Robinhood Q3 FY25 — Record Revenue and Strong Product Velocity

• Strength Revenue doubled year-over-year to a record of nearly $1.3 billion.
• Watch Q3 adjusted OpEx and share-based compensation totaled $613 million, approximately $40 million above the midpoint of the prior outlook range, due to higher employee bonus accrual and unplanned payroll tax expense.

Robinhood Q2 FY25 — Product Velocity Drives Record Growth and Diversification

• Strength Revenue increased 45% year-over-year to nearly $1 billion.
• Watch Moderation in net deposit momentum during Q2, though management attributed it to normal volatility and promotional adjustments.

Robinhood Q1 FY25 — Strong Product Velocity Drives Profitable Growth

• Strength Revenue increased 50% year-over-year to $927 million.
• Watch Updated full-year FY25 adjusted OpEx and SBC outlook to $2.085 billion to $2.185 billion, including $85 million from TradePMR.

Robinhood Q4 FY24 — Record Revenue and Strong Product Velocity

• Strength Record revenue of over $1 billion in Q4 FY24, and over $3 billion for the full year, up 58% YoY.
• Watch Provisions for credit losses expected to gradually increase over time from current zone of about $20 million per quarter.