Edward Engel's questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
Edward Engel from Compass Point asked about the cost base for the recently acquired TradePMR, inquiring about the core run rate beyond 2025 and any opportunities for savings.
Answer
CFO Jason Warnick clarified that the guided $85 million in costs for the year includes deal-related expenses. He stated there is an opportunity to reduce that number, particularly by the next quarter, as the integration progresses.