Robinhood Markets said net income for 2024 was $1.41 billion, or diluted EPS of $1.56, compared to a net loss of $0.54 billion, or diluted EPS of -$0.61, in the prior year. Net income included a $369 million deferred tax benefit and a $55 million benefit from a reversal of an accrual as part of a regulatory settlement.

1. 01

   Robinhood Markets said net income for 2024 was $1.41 billion, or diluted EPS of $1.56, compared to a net loss of $0.54 billion, or diluted EPS of -$0.61, in the prior year. Net income included a $369 million deferred tax benefit and a $55 million benefit from a reversal of an accrual as part of a regulatory settlement.

2. 02

   The company said Funded Customers as of the end of 2024 increased 8% to 25.2 million, and AUC increased 88% to $192.9 billion. Net Deposits were $50.5 billion, which translates to a growth rate of 49%. Robinhood Markets cited continued Net Deposits and higher equity and cryptocurrency valuations as factors driving the AUC increase.

3. 03

   Transaction-based revenues increased $862 million, driven primarily by increases of $491 million in cryptocurrencies, $255 million in options, and $73 million in equities, the company said. It cited a 77% increase in average Notional Trading Volume traded per trader as a factor in the cryptocurrency revenue increase.

4. 04

   Robinhood Markets entered into an agreement in June 2024 to acquire Bitstamp for approximately $200 million in cash, and in November to acquire TradePMR for cash consideration of approximately $180 million and post-close equity compensation of approximately $120 million. The company said both acquisitions are expected to close in the first half of 2025. It executed $257 million of share repurchases under a $1 billion authorization through the end of 2024.

Key figures

Fiscal year ended December 31, 2024

Revenue

$3.0B

Net income

$1.4B

EPS

$1.56

Operating cash flow

−$157M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.