Robinhood Markets Files Q1 2024 10-Q Report
Ticker: HOOD · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials, Robinhood
TL;DR
**Robinhood Q1 2024 10-Q filed. Check financials.**
AI Summary
Robinhood Markets, Inc. filed its quarterly report for the period ending March 31, 2024. The company reported financial results and operational updates for the first quarter of 2024. Key financial data and business developments are detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Robinhood Markets, Inc., crucial for understanding the company's trajectory and investment potential.
Risk Assessment
Risk Level: medium — As a publicly traded company in the financial services sector, Robinhood faces inherent market, regulatory, and operational risks detailed in its SEC filings.
Key Numbers
- 2024-03-31 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 2024-05-08 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- Robinhood Markets, Inc. (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240508 (date) — Date of filing
- 0001783879 (company) — Central Index Key for Robinhood Markets, Inc.
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2024.
When was this 10-Q report filed with the SEC?
This 10-Q report was filed on May 8, 2024.
What is the Central Index Key (CIK) for Robinhood Markets, Inc.?
The Central Index Key for Robinhood Markets, Inc. is 0001783879.
What is the fiscal year end for Robinhood Markets, Inc.?
The fiscal year end for Robinhood Markets, Inc. is December 31.
What is the Standard Industrial Classification (SIC) code for Robinhood Markets, Inc.?
The SIC code for Robinhood Markets, Inc. is 6211, which corresponds to SECURITY BROKERS, DEALERS & FLOTATION COMPANIES.
From the Filing
0001783879-24-000145.txt : 20240508 0001783879-24-000145.hdr.sgml : 20240508 20240508161131 ACCESSION NUMBER: 0001783879-24-000145 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Robinhood Markets, Inc. CENTRAL INDEX KEY: 0001783879 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464364776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40691 FILM NUMBER: 24926150 BUSINESS ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 844-428-5411 MAIL ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 10-Q 1 hood-20240331.htm 10-Q hood-20240331 0001783879 FALSE December 31 2024 Q1 P2D P1D http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure hood:contract hood:class hood:vote hood:case hood:State hood:count hood:tranche 0001783879 2024-01-01 2024-03-31 0001783879 us-gaap:CommonClassAMember 2024-05-02 0001783879 us-gaap:CommonClassBMember 2024-05-02 0001783879 2023-12-31 0001783879 2024-03-31 0001783879 us-gaap:CommonClassAMember 2023-12-31 0001783879 us-gaap:CommonClassAMember 2024-03-31 0001783879 us-gaap:CommonClassBMember 2024-03-31 0001783879 us-gaap:CommonClassBMember 2023-12-31 0001783879 us-gaap:CommonClassCMember 2023-12-31 0001783879 us-gaap:CommonClassCMember 2024-03-31 0001783879 hood:TransactionBasedRevenuesMember 2023-01-01 2023-03-31 0001783879 hood:TransactionBasedRevenuesMember 2024-01-01 2024-03-31 0001783879 2023-01-01 2023-03-31 0001783879 us-gaap:FinancialServiceOtherMember 2023-01-01 2023-03-31 0001783879 us-gaap:FinancialServiceOtherMember 2024-01-01 2024-03-31 0001783879 2022-12-31 0001783879 2023-03-31 0001783879 us-gaap:CommonStockMember 2022-12-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001783879 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-12-31 0001783879 us-gaap:RetainedEarningsMember 2022-12-31 0001783879 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001783879 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001783879 us-gaap:CommonStockMember 2023-03-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001783879 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-03-31 0001783879 us-gaap:RetainedEarningsMember 2023-03-31 0001783879 us-gaap:CommonStockMember 2023-12-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001783879 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-12-31 0001783879 us-gaap:RetainedEarningsMember 2023-12-31 0001783879 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001783879 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001783879 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-01-01 2024-03-31 0001783879 us-gaap:CommonStockMember 2024-03-31 0001783879 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001783879 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-03-31 0001783879 us-gaap:RetainedEarningsMember 2024-03-31 0001783879 us-gaap:SalesRevenueNetMember hood:CitadelSecuritiesLLCMember us-gaap:CustomerConcentrationRiskMember 2023-01-01 2023-03-31 0001783879 us-gaap:SalesRevenueNetMember hood:CitadelSecuritiesLLCMember us-gaap:CustomerConcentrationRiskMember 2024-01-0