Christopher Allen's questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
Christopher Allen asked about the health of the retail customer, seeking more color on the strong April metrics, including margin balances, net new account openings, and the sources of strong net deposits.
Answer
CFO Jason Warnick stated that strong engagement was seen throughout April, not just front or back-loaded. He highlighted that the strength in net deposits is diverse, flowing into retirement, strategies, brokerage, and crypto. CEO Vladimir Tenev added that the company's focus on active traders has made it more resilient, with new products like futures and advanced options strategies providing more ways for sophisticated customers to engage in various market conditions.