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21:00
Jul 29 ◎

HOOD FY2026 Q2 Watch

Robinhood Markets, Inc. (HOOD) FY2026 Q2 Earnings Call

HOOD CBOE BK IBKR NVDA ▾

Shiv Verma

Management is confident in strong revenue growth and profitability, guiding expenses lower despite new investments, signaling operating leverage.

"We're lowering and tightening our 2026 outlook for adjusted OpEx and SBC to a range of $2.675 to $2.775 billion."

HOOD WATCH

Vlad Tenev

Rothera became a top-3 DCM within a month of supporting Robinhood prediction markets, indicating rapid scaling that could pressure incumbents like CBOE and Kalshi. — Robinhood's distribution muscle can vault a new DCM to top-tier status quickly, reshaping the prediction market competitive landscape.

"on the CBOE financial KPI contracts, so my understanding is those are under the securities-based regime"

CBOE WATCH

Vlad Tenev

BNY is a key partner in the Trump accounts program, signaling institutional trust and potential for further collaboration.

"great collaboration between Treasury, National Design Studio, Robinhood, our teams, and BNY"

BK WATCH

Vlad Tenev

Robinhood routes prediction market flow through IBKR's platform, showing multi-exchange strategy and competitive dynamics.

"We first connected to ForecastX, which is IBKR's DCM"

IBKR WATCH

Vlad Tenev

NVIDIA is used as a flagship example of Robinhood's stock token offering, highlighting tokenized equity demand.

"This is Nvidia. So if you're a customer outside the US, you can get exposure to Nvidia through Stock Tokens."

NVDA WATCH

HIGH

21:00
Apr 28 ◎

HOOD FY2026 Q1 Watch

Robinhood Markets, Inc. (HOOD) FY2026 Q1 Earnings Call

HOOD BK OPENAI ▾

Shiv Verma

Management raised expense guidance to support Trump accounts but expects revenue to exceed costs, demonstrating confidence in long-term returns. April trading volumes and net deposits remain strong, reinforcing positive momentum.

"Given this $100 million investment in building Trump accounts, we are raising our full year 2026 outlook for adjusted OpEx and SBC by equivalent 100 million. So our updated range is 2.7 to 2.825 billion."

HOOD WATCH

Vlad Tenev

Robinhood partnered with BNY as the primary financial agent for the Trump accounts program, signaling a trusted government partnership that could expand to other public sector work.

"It's an incredible honor to be trusted by the United States Department of Treasury and to partner with BNY, America's oldest bank, which was appointed as financial agent to manage the program."

BK WATCH

Vlad Tenev

Robinhood Ventures added OpenAI to its portfolio, giving retail investors exposure to a leading private AI company via the RVI fund. — This could drive demand for the RVI fund and set a precedent for retail access to top-tier private AI companies, potentially pressuring other private firms to consider similar democratization.

"Robinhood Ventures' first fund, RVI, had its IPO in March. We have a great portfolio of late-stage frontier companies, and we just added OpenAI last week."

OPENAI WATCH

HIGH

22:00
Feb 10 ◎

HOOD FY2025 Q4 Watch

Robinhood Markets, Inc. (HOOD) FY2025 Q4 Earnings Call

OPENAI HOOD ▾

Vlad Tenev

Robinhood is pushing forward with tokenization of private markets, using giveaways of OpenAI and SpaceX tokens in Europe as a proof point for demand and seeing it as a potentially larger opportunity than prediction markets. — If successful, this could open up a massive new asset class to retail investors, changing the competitive dynamics in wealth management and private markets.

"Our customers in Europe got a little taste last year of private company stock tokens with our OpenAI and SpaceX stock token giveaways."

OPENAI WATCH

Shiv Verma

Management is confidently guiding for another year of strong growth, underpinned by record net deposits, expanding product diversification, and a focus on profitable expansion.

"We plan to ramp up our product velocity even faster while delivering another year of profitable growth."

HOOD WATCH

HIGH

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