Amit Kukreja's questions to Robinhood Markets Inc (HOOD) leadership • Q2 2025
Question
Finance content creator Amit Kukreja asked how Robinhood is thinking about protecting its business from cyclicality, such as market volatility and potential loss of net interest income from rate cuts.
Answer
CFO Jason Warnick emphasized the company is far more diversified than a few years ago, with nine businesses generating over $100M in revenue and a disciplined expense management approach. CEO Vlad Tenev added that the business has already diversified in a high-rate environment, creating a natural hedge, and that with a packed product roadmap, this is the "least diversified you should ever see Robinhood."