Robinhood Markets, Inc. Stock Price, News & Analysis

Robinhood Markets (NASDAQ: HOOD) has released its January 2025 operating data, showing significant year-over-year growth across multiple metrics. The company reported 25.5 million funded customers, adding 310,000 new customers from December 2024. Assets Under Custody (AUC) reached $204 billion, up 6% month-over-month and 99% year-over-year.

Net Deposits hit $5.6 billion in January, with a 35% annualized growth rate. Trading volumes showed mixed results: Equity trading reached $144.7 billion (down 3% MoM), Options contracts increased to 166.6 million (up 2% MoM), while Crypto trading volumes decreased to $20.4 billion (down 32% MoM). Margin balances grew to $8.3 billion, and Cash Sweep balances reached $26.3 billion. Securities Lending Revenue was $25 million, showing a decline of 11% from December but a 108% increase year-over-year.

Robinhood (HOOD) reported record-breaking Q4 2024 results with total net revenues up 115% year-over-year to $1.01 billion. Net income increased over 10X to $916 million, with diluted EPS of $1.01. Transaction-based revenues surged 200% to $672 million, driven by cryptocurrency revenue of $358 million (up 700%) and options revenue of $222 million (up 83%).

The company achieved significant growth metrics with Assets Under Custody increasing 88% to $193 billion, record Net Deposits of $16.1 billion, and Gold Subscribers up 86% to 2.6 million. For full-year 2024, total net revenues increased 58% to $2.95 billion with net income of $1.41 billion.

Key developments include planned acquisitions of Bitstamp and TradePMR, expansion into Asia-Pacific, and the launch of new trading features. The company repurchased $257 million in shares during 2024 and provided a 2025 outlook for Adjusted Operating Expenses and SBC between $2.0-2.1 billion.

CME Group and Robinhood have announced the launch of CME's futures products on the Robinhood mobile app. Over the coming weeks, eligible U.S. customers will gain access to futures across five major asset classes, including:

• Four leading U.S. equity indices (S&P 500, Nasdaq-100, Russell 2000, Dow Jones)
• Cryptocurrencies (Bitcoin and Ether)
• Major FX currency pairs
• Metals (gold, silver, copper)
• Commodities (crude oil, natural gas)

Robinhood is introducing a new mobile trading ladder built from scratch, promising efficient trading capabilities with competitive fees. Both companies are providing educational resources, including CME Institute, Futures Fundamentals, Robinhood Learn, and YouTube videos to support traders in making informed decisions.

SS&C Technologies Holdings (SSNC) announced that Robinhood Markets (HOOD) has joined RolloverCentral® as an IRA provider. The platform connects IRA providers' account opening systems with third-party administrators' processing platforms to streamline rollover processes.

RolloverCentral automates the rollover process, enabling participants to open and fund IRAs in real-time without paper check delays. The platform has seen significant growth, with a 20% increase in total rollover dollar amount and a 7% increase in rolled-over accounts in Q2 2024.

The partnership aims to simplify retirement savings management for Robinhood customers while reducing processing inefficiencies. The integration modernizes the traditional check-based process, facilitating easier account opening and funding for rollover IRAs.

Robinhood Markets (NASDAQ: HOOD) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, after market close. The company will host an earnings conference call at 2:00 PM PT / 5:00 PM ET on the same day.

A live webcast and supporting materials will be available at investors.robinhood.com, with replay and transcript accessible afterward. Shareholders can participate by submitting and upvoting questions through Say Technologies' Q&A platform from February 5, 2025 (2:00 PM PT) until February 11, 2025 (2:00 PM PT). Management will address selected upvoted questions during the earnings call.

Robinhood Markets (HOOD) reported strong operational growth in November 2024. Funded Customers reached 24.8 million, increasing by 420,000 from October and 1.5 million year-over-year. Assets Under Custody (AUC) grew to $195 billion, up 22% monthly and 106% annually. Net Deposits hit $5.6 billion, showing a 42% annualized growth rate.

Trading volumes showed significant increases: Equity trading reached $147.1 billion (+16% MoM), while Crypto trading volumes surged to $35.2 billion (+500% MoM). Margin balances grew to $6.8 billion (+10% MoM), and Cash Sweep balances increased to $26.5 billion (+4% MoM). Securities Lending Revenue reached $23 million, up 21% from October.

Robinhood Markets (NASDAQ: HOOD) reported strong operational growth in October 2024. Funded Customers reached 24.4 million, with Assets Under Custody hitting $159.7 billion, up 89% year-over-year. The company recorded Net Deposits of $5.2 billion, representing a 41% annualized growth rate. Trading volumes showed significant increases across all segments: Equity trading reached $126.4 billion (up 149% YoY), Options contracts hit 158.0 million (up 64% YoY), and Crypto trading volume was $5.6 billion (up 143% YoY). Margin balances grew to $6.2 billion, while Total Cash Sweep balances reached $25.5 billion.

Robinhood Markets (NASDAQ: HOOD) has announced its participation in the upcoming Wolfe Research Wealth Symposium on November 13, 2024. Chief Financial Officer Jason Warnick will deliver a presentation at 11:45 AM ET / 8:45 AM PT. The presentation will be accessible via live audio webcast on investors.robinhood.com, with a replay available for at least 90 days afterward on the same platform.

Leading fintech and digital asset companies have launched the Global Dollar Network, an open network aimed at accelerating worldwide stablecoin adoption. The initiative, led by Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, introduces USDG, a new stablecoin issued from Singapore by Paxos that complies with MAS's upcoming stablecoin framework. The network is designed to provide proportionate economic benefits to all partners and revolutionize the stablecoin market by addressing current limitations in enterprise adoption. DBS Bank will serve as the primary banking partner for cash management and USDG reserves custody.