Robinhood Markets (HOOD) Company Report

Robinhood Markets and Susquehanna International Group have acquired a 90% stake in LedgerX from Miami International Holdings.
This strategic acquisition aims to strengthen their presence in the prediction markets sector and will lead to the launch of a new futures and derivatives exchange and clearinghouse.
The new venture, which is licensed by the CFTC, is expected to open new avenues for retail investors in regulated crypto derivatives, including Bitcoin and Ethereum futures.
Operations for the new exchange are anticipated to begin in 2026, positioning Robinhood for a competitive edge in the derivatives space and potentially driving institutional flows into crypto-related products.

Nov 26, 2025, 12:13 AM

WSJ

Defiance ETFs Launches HOOZ, a 2X Short Robinhood ETF

HOOD

Product Launch

New Projects/Investments

Defiance ETFs has launched the Defiance Daily Target 2X Short HOOD ETF (Ticker: HOOZ), which seeks to deliver -200% of the daily percentage change in the share price of Robinhood Markets, Inc. (Nasdaq: HOOD).
The HOOZ ETF is designed for short-term use by knowledgeable investors who understand the potential consequences of daily leveraged inverse investment results and are willing to frequently monitor their portfolios.
For periods longer than a single trading day, the Fund's performance will likely differ from -200% of HOOD's return due to compounded daily returns, and investors could potentially lose their entire principal within a single trading day.
The Fund is subject to leverage risk, magnifying volatility and potential losses, and single issuer risk, as it focuses on an individual security, Robinhood Markets, Inc..

Nov 13, 2025, 1:35 PM

Press Release

Robinhood Discusses Product Expansion, Wealth Management Strategy, and Engagement Initiatives at Wolfe Wealth Symposium

HOOD

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Robinhood is expanding its product offerings to attract more affluent clients and increase share of wallet, including new account types (trust, custodial), asset classes (mutual funds, fixed income), and advisory solutions like "Strategies," which gained $1 billion in assets in seven months.
The company is actively targeting the $124 trillion wealth transfer opportunity and attracting larger accounts, with the average account size growing to $12,000. Personalized match programs are effectively bringing in accounts over $100,000.
Robinhood is driving customer engagement through innovation, including the development of AI tools, the upcoming "Robinhood Social" platform, and the expansion of 24-hour trading.
The company is experiencing significant growth in prediction markets, with record volumes and over 1,000 contracts across various categories, positioning them as a "first scale player" in this emerging space.

Nov 12, 2025, 3:15 PM

Transcript

Robinhood Outlines Product Expansion, Wealth Management Strategy, and International Growth Opportunities

HOOD

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Robinhood is significantly expanding its product roadmap to attract more affluent clients, planning to launch trust accounts, custodial accounts, mutual funds, and fixed income within the next 1-1.5 years, and is actively working towards 24-hour trading for all asset classes.
The company is seeing strong engagement and growth in its active trader segment, with its margin book expanding and the average account size increasing to $12,000, attracting larger accounts (over $100,000) through personalized match programs.
Robinhood is strategically targeting the $124 trillion wealth transfer opportunity through its wealth management offerings and the acquisition of Trade PMR, aiming to connect with the next generation of wealth recipients.
Prediction markets are experiencing record volumes, with Robinhood, as the "first scale player," seeing a "huge amount of runway" for deeper adoption among its 26 million customers.
International expansion is identified as a "largely white space" opportunity with a "mind-blowing" total addressable market (TAM), driven by other countries' enthusiasm for Robinhood to increase market participation.

Nov 12, 2025, 3:15 PM

Transcript

Robinhood Outlines Product Roadmap, Growth Strategy, and Leadership Transition

HOOD

Product Launch

Management Change

New Projects/Investments

Robinhood is expanding its product offerings to attract more affluent clients, including launching retirement, joint, yield, trust, and custodial accounts, and plans to add mutual funds and fixed income within the next 1-2 years.
The company is targeting 20%+ net deposit growth, supported by significant activity increases such as options up 40% year-on-year and crypto and equities up 100% year-on-year. The average account size has grown to $12,000.
Robinhood identifies substantial growth opportunities in wealth management, particularly from the $124 trillion wealth transfer, and through international expansion, leveraging its 26 million customers.
Shiv Verma will replace Jason Warnick. Verma is recognized for his deep business knowledge and focus on operational efficiency.

Nov 12, 2025, 3:15 PM

Transcript

Robinhood's Q3 Revenue Doubles, Net Income Reaches $556M

HOOD

Earnings

Revenue Acceleration/Inflection

Guidance Update

Robinhood reported strong Q3 financial results, with revenue nearly doubling year-over-year to $1.2–$1.27 billion, net income of $556 million, and EPS of $0.61, driven by a 300% surge in crypto transaction revenue.
The company achieved record levels of 26.8 million funded customers and $333 billion in total platform assets in Q3.
New business lines, including Prediction Markets and the Bitstamp acquisition, are generating meaningful revenue, with Prediction Markets potentially tracking to a $300 million run rate.
Despite strong performance, management lifted full-year expense guidance due to higher-than-expected operating expenses, which led to an after-hours stock pullback.

Nov 6, 2025, 10:23 AM

Bloomberg

Robinhood Reports Record Q3 2025 Revenue and Strong Product Growth

HOOD

Earnings

Product Launch

CFO Change

Robinhood achieved record revenue of nearly $1.3 billion in Q3 2025, representing over 100% year-over-year growth.
Net deposits exceeded $20 billion in Q3 2025, already surpassing the prior year's record of $50 billion year-to-date.
Robinhood Gold subscribers reached a record 3.9 million, marking over 75% year-over-year growth.
Prediction Markets volume doubled every quarter, reaching 2.3 billion contracts in Q3 2025, with October volumes alone exceeding Q3 combined at 2.5 billion contracts.
CFO Jason Warnick announced his retirement, transitioning to an advisory role in Q1 2026, with Shiv Verma appointed as his successor.

Nov 5, 2025, 10:00 PM

Transcript

Robinhood Reports Strong Q3 2025 Results and Announces CFO Transition

HOOD

Earnings

CFO Change

Revenue Acceleration/Inflection

Robinhood reported strong Q3 2025 financial results, with revenues doubling year-over-year to nearly $1.3 billion and earnings per share more than tripling.
The company achieved record net deposits of over $20 billion in Q3 2025, having already exceeded last year's annual record of $50 billion in net deposits year-to-date.
Key growth areas include Robinhood Gold subscribers reaching a record 3.9 million (up over 75% year-over-year), and both Bitstamp and Prediction Markets each surpassing $100 million in annualized revenue in Q3 2025.
Strategic initiatives include the early rollout of Robinhood Banking, expansion of tokenized stock offerings in the EU to over 400 companies, and the development of Robinhood Ventures to provide non-accredited retail access to private companies.
CFO Jason will retire next year, transitioning to an advisory role in Q1 2026, with Shiv Verma stepping into the CFO role.

Nov 5, 2025, 10:00 PM

Transcript

Robinhood Markets, Inc. Announces Record Q3 2025 Results and CFO Transition

HOOD

Earnings

CFO Change

Revenue Acceleration/Inflection

Robinhood Markets, Inc. reported record revenues of $1.27 billion for Q3 2025, marking a 100% increase year-over-year.
Diluted earnings per share (EPS) significantly increased by 259% year-over-year to $0.61 in Q3 2025.
The company achieved record Net Deposits of $20.4 billion and saw Robinhood Gold Subscribers reach a record 3.9 million, a 77% year-over-year increase.
Total Platform Assets grew 119% year-over-year to $333 billion.
Chief Financial Officer Jason Warnick announced his retirement, with a planned transition to an advisory role in Q1 2026, and Shiv Verma is set to become the new CFO.

Nov 5, 2025, 9:05 PM

8-K

Robinhood Reports Record Q3 2025 Financial and Operational Growth

HOOD

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Robinhood reported record total net revenues of $1.27 billion, an increase of 100% year-over-year, and diluted earnings per share (EPS) of $0.61, up 259% year-over-year, for the third quarter of 2025, which ended September 30, 2025.
Net income increased 271% year-over-year to $556 million, and Adjusted EBITDA grew 177% year-over-year to $742 million.
Operational highlights for Q3 2025 include record Net Deposits of $20 billion and Robinhood Gold Subscribers reaching a record 3.9 million, a 77% year-over-year increase. Total Platform Assets increased 119% year-over-year to $333 billion.
The company now has 11 business lines each generating approximately $100 million or more in annualized revenues, with Prediction Markets and Bitstamp being recent additions.
Robinhood updated its 2025 full-year Adjusted Operating Expenses and SBC outlook to approximately $2.28 billion.

Nov 5, 2025, 9:05 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Robinhood Markets.

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