The company said Robinhood’s total net revenues for Q1 2024 rose 40% year over year to $618 million. Transaction-based revenues increased 59% to $329 million, including cryptocurrencies revenue of $126 million (up 232%).

1. 01

   The company said Robinhood’s total net revenues for Q1 2024 rose 40% year over year to $618 million. Transaction-based revenues increased 59% to $329 million, including cryptocurrencies revenue of $126 million (up 232%).

2. 02

   Robinhood reported net income of $157 million for Q1 2024 (diluted EPS of $0.18), compared with a net loss of $511 million a year earlier, the company said. Q1 2023 included a one-time $485 million SBC expense, and Adjusted EBITDA (non-GAAP) was $247 million.

3. 03

   Net Deposits were $11.2 billion for Q1 2024, and Assets Under Custody (AUC) rose 65% year over year to $129.6 billion, the company said. Gold Subscribers reached 1.7 million, up 42% from a year earlier.

4. 04

   Total operating expenses fell 52% year over year to $460 million for Q1 2024, the company said. It also said it continues to expect both GAAP total operating expenses and non-GAAP Adjusted Operating Expenses and SBC for full-year 2024 to be in the range of $1.85 billion to $1.95 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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