Robinhood Markets Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
HOOD$81.33-2.4%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions, except share and per share data) | 2023 | 2024 |
| Revenues: | ||
| Transaction-based revenues | $207 | $329 |
| Net interest revenues | 208 | 254 |
| Other revenues | 26 | 35 |
| Total net revenues | 441 | 618 |
| Operating expenses: | ||
| Brokerage and transaction | 36 | 35 |
| Technology and development | 199 | 196 |
| Operations | 42 | 44 |
| Marketing | 26 | 67 |
| General and administrative | 647 | 118 |
| Total operating expenses | 950 | 460 |
| Other (income) expense, net | — | (4) |
| Income (loss) before income taxes | (509) | 162 |
| Provision for income taxes | 2 | 5 |
| Net income (loss) | $(511) | $157 |
| Net income (loss) attributable to common stockholders: | ||
| Basic | $(511) | $157 |
| Diluted | $(511) | $157 |
| Net income (loss) per share attributable to common stockholders: | ||
| Basic | $(0.57) | $0.18 |
| Diluted | $(0.57) | $0.18 |
| Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | ||
| Basic | 896,924,695 | 875,319,407 |
| Diluted | 896,924,695 | 895,779,155 |
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