Financial Data and Key Metrics Changes - Total platform assets grew nearly 70% year-over-year to $324 billion [10] - Revenues increased to a record $4.5 billion in 2025, up 52% year-over-year [14] - Adjusted EBITDA reached a record of $2.5 billion, up 76% with adjusted EBITDA margins at a new high of 56% [14][15] - Record EPS of $2.05 was achieved, reflecting effective share count management [15] Business Line Data and Key Metrics Changes - Active trading saw significant growth with prediction markets volumes more than doubling, reaching over $12 billion in contracts traded in 2025 [5][6] - Robinhood Gold subscribers grew nearly 60% year-over-year to 4.2 million, with annualized spend exceeding $10 billion [10][16] - Interest-earning assets increased by 39%, driven by growth in cash suite programs and margin [16] Market Data and Key Metrics Changes - The company reported strong double-digit year-over-year market share gains across equities, options, crypto, and margin [9] - Net deposits reached a record $68 billion for the year, with Q4 net deposits exceeding $16 billion [15][20] - The international customer base expanded to 750,000, with ongoing efforts to scale in new markets [8] Company Strategy and Development Direction - The company is focused on becoming the number one global financial ecosystem, emphasizing product velocity and diversification across 11 business lines with over $100 million in annualized revenue [13][14] - Plans for 2026 include accelerating product velocity, achieving over 20% net deposit growth, and maintaining profitable growth while investing in new initiatives [17][18] - The strategy includes expanding into private markets and enhancing tokenization efforts, aiming to leverage the $100 trillion generational wealth transfer [27][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's inputs, highlighting continued market share gains and customer trust [39] - The company remains focused on long-term growth despite short-term market fluctuations, particularly in crypto and prediction markets [46] - Management anticipates significant opportunities in international markets and believes the business will scale faster than initially predicted [69] Other Important Information - The company is integrating AI into various operations, with over 75% of customer support cases now resolved by AI [32] - The launch of Robinhood Social is expected to enhance customer engagement and discovery of new assets [38][98] Q&A Session All Questions and Answers Question: Any additional updates on Robinhood Social? - Management confirmed that Robinhood Social is in internal testing and will soon be available to the public, enhancing asset discovery and engagement [38] Question: What could be the reasons for the more than 40% drop in HOOD's share price? - Management emphasized the focus on business inputs and long-term performance, noting that stock price tends to follow business performance over time [39][40] Question: What is your plan on navigating the rough seas during this crypto downturn? - Management highlighted the long-term potential of crypto as a foundational technology and the ongoing diversification of prediction markets beyond sports [46][48] Question: Can you expand on international expansion plans? - Management indicated that 2026 will be a significant year for international expansion, with plans to introduce market-specific functionalities and accelerate tokenization efforts [66][68]

Market Overview - The Dow closed up 0.1%, marking its third consecutive record close, while the NASDAQ composite fell by 0.6% and the S&P 500 decreased by 0.3% [1][2]. Wealth Management Industry - Wealth management stocks, such as Charles Schwab and LPL Financial Holdings, faced significant declines, with Schwab down over 7% and LPL down 8%. This is attributed to a new AI tool that threatens traditional wealth management practices by allowing financial advisors to customize strategies for clients [3][4]. Retail Investor Behavior - According to Schwab's latest STAX report, retail investors are actively buying the dip, with the STAX reaching its highest level since February of the previous year. This indicates a bullish sentiment among more active traders [5][6]. - Microsoft was highlighted as a top stock, experiencing a 9% pullback post-earnings, which led to a net inflow of approximately $1.7 billion from clients seeking opportunities [7][8]. Earnings Reports - Ford's Q4 results showed automotive revenue of $42.4 billion, matching estimates, but adjusted EPS fell short at 13 cents compared to the expected 18 cents. The company reported a net loss of $11.1 billion for the fourth quarter and $8.2 billion for the full year, largely due to losses in the EV sector [24][25]. - Robinhood's Q4 earnings revealed an EPS of 66 cents, with net revenue of $1.28 billion, missing expectations. Transaction-based revenue also fell short, leading to an 8% decline in after-hours trading [27][30]. Future Projections - Ford anticipates adjusted EBIT of $8 to $10 billion by 2026, with expected losses in its Model V EV business unit of $4 to $4.5 billion, not projected to become profitable until 2029 [26]. - Analysts remain optimistic about Robinhood, with over 80% maintaining a buy rating despite recent earnings misses. The company is expected to navigate the current crypto winter better than in previous downturns due to its diversified revenue streams and improved management [31][40].

The fourth quarter earnings season is more than halfway over, and the S&P 500 is on track for solid earnings growth. As of Feb. 6, 59% of S&P 500 (^GSPC) companies have reported fourth quarter results, according to FactSet data, and Wall Street analysts estimate a 13% increase in earnings per share for the fourth quarter. If that rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the index and the fifth consecutive quarter of double-digit growth. S&P 500 earnings gr ...

Robinhood Markets, Inc. Earnings Presentation Fourth Quarter 2025 February 10, 2026 investors.robinhood.com Robinhood Markets, Inc. Earnings Presentation Fourth Quarter 2025 February 10, 2026 Robinhood Earnings Presentation Q4 2025 Disclaimers This Presentation Relates to Robinhood's Broader Earnings Announcement Disclosures This presentation accompanies the fourth quarter and full year 2025 earnings announcement webcast of Robinhood Markets, Inc. (including its consolidated subsidiaries, "we," "Robinhood," ...

Robinhood shares fall after earnings as crypto revenue slides 38% in Q4 https://t.co/CHXH9wULZ6 ...

来源：滚动播报 网红券商Robinhood四季度净营收12.8亿美元，分析师预期13.5亿美元。 ...

🚨JUST IN: @ROBINHOODAPP STOCK PLUNGES 10% AFTER MISSING Q4 EARNINGS BY $70 000 000Crypto revenue totaled $221 million, down 38% YoY while transaction-based revenue came in at $776 million, up 15% YoY, and operating expenses rose to over $630MThe revenue miss of $1.28B vs. $1.35B estimated, combined with rising operating expenses indicates that the platform is scaling for a demand that has not yet fully materialized. ...

Core Viewpoint - Robinhood's shares declined in after-hours trading due to concerns regarding crypto trading impacting the company's fourth-quarter sales and a forecasted significant increase in spending for the year [1] Group 1: Company Performance - The trading app's fourth-quarter sales were negatively affected by caution surrounding crypto trading [1] - The company anticipates a substantial rise in expenditures for the upcoming year [1] Group 2: Market Reaction - Following the announcement, Robinhood's shares experienced a drop in after-hours trading [1]

Australian power producer AGL Energy narrowed its full-year earnings forecast on Wednesday, citing higher consumer margin and lower costs, while reporting a 6.4% fall in its first-half underlying prof... ...

来源：市场资讯 （来源：吴说） 吴说获悉，Robinhood 公布 2025 年 Q4 财报：营收 12.8 亿美元（低于预期 13.5 亿美元），同比 +27%；调整后 EBITDA 为 7.61 亿美元（低于预期 8.33 亿美元），同比 +24%；加密收入 2.21 亿美元， 同比 -38%；交易型收入 7.76 亿美元，同比 +15%；当季净利润 6.05 亿美元，运营费用 6.33 亿美元（同 比 +38%），调整后运营费用（含 SBC）5.97 亿美元（同比 +18%），现金及等价物 43 亿美元。 ...