Robinhood Markets, Inc. (HOOD) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, please take your seats. Our program is about to begin. Thank you to everyone for joining Robinhood's Q3 2025 earnings call, whether you're tuning into the live stream at home or here with us in person. With us today are Chairman and CEO Vlad Tenev, CFO Jason Warnick, SVP of Finance and Strategy and Treasurer Shiv Verma, and VP of Corporate Finance and Investor Relations Chris Cagle. Vlad and Jason will offer opening remarks and then open the call to Q&A. During the Q&A portion of the call, we will answer questions from the audience, which includes institutional research analysts, finance content creators who may hold an ownership position in Robinhood, and both institutional and retail shareholders. As a reminder, today's call will contain forward-looking statements. Actual results could differ materially from our current expectations, and we may not provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor, are described in the press release we issued today, the earnings presentation, and our SEC filings, all of which can be found at investors.robinhood.com. Today's discussion will also include non-GAAP financial measures. Reconciliations to the GAAP measures we consider most directly comparable can be found in the earnings presentation. With that, please welcome Vlad and Jason. Good to see everyone. It's great to be here with all of you today. We have a live audience again, this time from downtown San Francisco. And also great to, I think for the first time in our earnings call, have institutional and retail shareholders. So BuySide joining us. So welcome and thank you. Also, we have our institutional analysts. So good to see a lot of familiar fac...