Robinhood (HOOD): FY25 Q3 earnings call, Nov 5, 2025
On its Nov 5, 2025 earnings call (FY25 Q3), Robinhood said 10 of the 12 words Kalshi and Polymarket listed; Parrot’s count agreed with all 12 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
12 words · 10 settled yes · our count agreed on 12 of 12- Kalshi: company speakers + operator
Kalshi - Polymarket: anyone
Polymarket
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Prediction Market | Yes | 14 | 17 | ✓ | 74%transcripts from the transcript model | – |
| Tokenization | Yes | 9 | 11 | ✓ | 71%transcripts from the transcript model | – |
| International | Yes | 5 | 6 | ✓ | 72%transcripts from the transcript model | – |
| Expense | Yes | 4 | 4 | ✓ | 80%transcripts from the transcript model | – |
| Marketing | Yes | 4 | 4 | ✓ | 76%transcripts from the transcript model | – |
| Social | Yes | 4 | 5 | ✓ | 55%transcripts from the transcript model | – |
| Retirement | Yes | 3 | 4 | ✓ | 81%transcripts from the transcript model | – |
| Trading Volume | Yes | 3 | 3 | ✓ | 70%transcripts from the transcript model | – |
| Acquisition | Yes | 2 | 2 | ✓ | 70%transcripts from the transcript model | – |
| Blockchain | Yes | 2 | 2 | ✓ | 47%transcripts from the transcript model | – |
| Shutdown / Shut Down | No | 0 | 0 | ✓ | 20%transcripts from the transcript model | – |
| Football | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 21, 2026 04:22 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
11 matches for “Tokenization”; 5 quoted, at least 25 words apart.
…we're going after it. Three areas of progress to highlight from Q3. tokenization, which are stock tokens in the EU. We're now up to 400-plus…
…there's a plan there to do more. I know it connects to tokenization as well and also if M&A would make sense there as well.
…where we have the largest portion of our business, although international with tokenization provides some interesting opportunities as well. In the U.S., I think it's…
…read on behalf of James Yaro from Goldman Sachs. We are seeing tokenization across Robinhood and other firms and your tokenized equities product and those…
…a huge opportunity. I think Bitstamp can be very key to our tokenization plans as we enter Phase 2 of our tokenization vision. We really…
Where the listed words were said
…monthly records. So both of those businesses just continuing to perform strongly. Prediction markets are really on fire. It's hard to believe that we launched…
…And there's so much to build. I mean, even I mentioned with tokenization, we're still just in Phase 1. So I think over time, it…
…it's nearly 40% for customers that joined in quarter, our new customers. International customers, nearly 700,000 international funded, including Bitstamp. So the U.K. and EU…
…per share is up 150%, and we continue to stay disciplined on expenses to deliver 75% incremental adjusted EBITDA margins. And it's exciting that as…
…those savings then to reinvest into growth, things like increasing spend in marketing, which we love the ROI efficiency of our marketing spend, but then…
…brokerage accounts, AI-driven custom indicators powered by Robinhood Cortex, a whole new social platform, Robinhood Social. And we've got more. We've got more for you…
…to see our financial super app accelerating. On the long-term money side, retirement, now up over $25 billion, which more than doubled in the past…
…engaged and continue to bring more of their assets to the platform. Trading volumes were up double to triple digits across equities, options and crypto,…
…activity that we're tracking is recovering. Last week, Morgan Stanley announced the acquisition of EquityZen. I know there can be some barriers with accredited investors,…
…but really things like securities, products with real fundamental utility to leverage blockchain technology and actually be tradable on chain where customers can self-custody, they…
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