Robinhood provides 2025 expense plan and outlook

The following is Robinhood’s (HOOD) 2025 expense plan and outlook. The company is not providing a 2025 outlook for total operating expenses and have not reconciled its 2025 outlook for adjusted operating expenses and SBC to the most directly comparable GAAP financial measure, total operating expenses, because it is unable to predict with reasonable certainty the impact of certain items without unreasonable effort. “Our 2025 expense plan includes growth investments in new products, features, and international expansion while also getting more efficient in our existing businesses. Our initial outlook for combined adjusted operating expenses and SBC for full-year 2025 provided at Q4 2024 Earnings was $2.0B to $2.1B, which did not include expenses related to our acquisition of TradePMR. As a result of the acquisition closing in the first quarter, we are updating our outlook to $2.085B to $2.185B to include $85M of anticipated costs related to TradePMR. This expense outlook does not include provision for credit losses, costs related to our pending acquisition of Bitstamp, potential significant regulatory matters, or other significant expenses (such as impairments, restructuring charges, and other business acquisition- or disposition-related expenses) that may arise or accruals we may determine in the future are required, as we are unable to accurately predict the size or timing of such matters, expenses or accruals at this time.”