Editing Robinhood Markets, Inc. (section)

== Key Catalysts to Monitor ==
Over the next 6-12 months, the following events/milestones are particularly important for Robinhood:

* '''Quarterly earnings / guidance''': Check next Q earnings for growth in net deposits, margin book size, crypto/option volumes, platform assets growth, ARPU.
* '''Regulatory developments''': Any changes in U.S. or EU regulation around PFOF, best execution, crypto licensing/fines will be highly impactful.
* '''New product traction''': How quickly are tokenized stock trading, prediction markets/futures ramping? Are they profitable or generating meaningful volume?
* '''International expansion progress''': How much revenue or customer growth comes from non-U.S. markets? What is the regulatory cost/acquisition cost?
* '''Interest rate environment''': If rates fall significantly, Robinhood’s net interest revenue growth may slow; conversely, rates staying elevated help margin.
* '''Competitive moves''': How are competitors responding (price cuts, new features, crypto offering) and what impact on Robinhood’s market share?
* '''Volume/volatility environment''': A sustained period of calm markets (low volatility) could damp transaction revenues; conversely, renewed market turbulence often benefits Robinhood.