--- title: "HOOD (Trans): Product rollout accelerating; opex guidance lowered" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43055555.md" description: "Below is Dolphin Research's HOOD FY26Q2 earnings call Trans, followed by a recap of the core financials. Section I covers key takeaways.I. Core financial highlights recap1) Capital actions & shareholder returns: In Jun, the company executed $2.2bn of opportunistic financing with a 0% coupon. It will not cause net dilution unless the stock exceeds $300, which management views as attractive for shareholders.YTD, it repurchased 7.5mn shares for $664mn. Management stressed that 'the denominator matters too,' prudently managing share count while raising capital..." datetime: "2026-07-30T00:25:49.000Z" locales: - [en](https://longbridge.com/en/topics/43055555.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43055555.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43055555.md) author: "[Dolphin Research](https://longbridge.com/en/dolphin.md)" --- # HOOD (Trans): Product rollout accelerating; opex guidance lowered **Below is Dolphin Research's transcript of** $Robinhood(HOOD.US) **FY26 Q2 earnings call. For the earnings analysis, please see**[**'Robinhood: Are U.S. retail's Robinhood and Trump really fighting a losing battle?'**](https://longbridge.com/zh-CN/dolphin/post/43329135) **I. Key takeaways from the print** 1\. **Capital actions & shareholder returns**: In Jun, the company raised $2.2bn opportunistically at a 0% coupon, with no net dilution until the stock exceeds $300, which management views as attractive for shareholders. Year-to-date, HOOD repurchased 7.5mn shares for $664mn, emphasizing that the 'denominator matters' and that share count is managed prudently alongside financing. 2. **Lower and narrower expense guide**: The FY26 guide for Adj. OPEx plus SBC was cut and tightened to $2.675bn–$2.775bn. The new guide includes costs for Rothera and WonderFi, which were previously excluded, and the company will self-fund these adds through operating efficiency while further taking cost out of the system. 3\. **Core financials**: Revenue hit a record $1.3bn (+32% YoY). Adj. EBITDA was $741mn (+35% YoY), implying a 57% Adj. EBITDA margin; EPS was $0.62 (+48% YoY). Adj. OPEx plus SBC totaled $641mn, well below the prior upper end of guidance. 4\. **Net deposits & Q3 start**: Q2 net deposits were a record $22bn, an annualized growth rate of 28%. Nearly 1mn net-deposit customers were added, the highest single-quarter since the IPO in almost five years. Jul net deposits are tracking toward ~$4bn and do not yet include funds tied to Trump accounts; including Jul, YTD net deposit growth annualized remains well above the 20% long-term target. 5\. **Three long-term tracking metrics**: **First, net deposits targeting \>20% annualized growth.** **Second, rule of 40 (revenue growth + margin = 40); the company has sustained rule of 80+ for years at \>$5bn annual revenue scale.** **Third, number of businesses with ARR \>$100mn, now at 13, with Robinhood Legend and credit card added this quarter.** **Financial 'North Star' unchanged: maximize long-term EPS and FCF per share.** **II. Earnings call details** **2.1 Executive highlights** **Overall strategy** **1\. Vision unchanged since inception** — 'make everyone an owner'. **Since the IPO, platform AUA has quadrupled, and Adj. EBITDA has grown more than 8x.** To deliver on this vision, the focus is on three pillars: a. Be the No.1 platform for active traders, enabling trading of any tradable asset. b. Lead share-of-wallet for the next generation, extend ownership to families, and support lifetime holding. c. Build a leading global financial ecosystem, extending U.S.-style ownership worldwide. **2\. Active trader business** a. Core franchise is strong, with share gains this quarter; stock, options, and prediction market volumes all hit records, and margin balances reached new highs. b. Rothera has begun taking Robinhood prediction market flow and, within about a month, quickly became a top-3 DCM (designated contract market). The World Cup served as a proof-of-concept, with rapid scaling to follow. **c. Launched v1 of agentic trading, allowing clients to build AI agents to trade stocks, options, and crypto, leveraging Robinhood tools and features.** Over 100k users have onboarded and opened agentic accounts; options are live, with crypto opening soon. **3\. Share of wallet (family & lifetime holding)** a. Trump accounts have gone live, with Robinhood as broker and sole initial trustee. Management views this as a historic step toward universal financial ownership from birth. b. Robinhood Gold cardholders surpassed 1mn, with annualized spend above $17bn; the Platinum card is rolling out. c. Robinhood Banking has been promoted since Nov last year, with deposits now over $3bn. d. Gold subscribers reached a record 4.8mn, a 17% penetration among net-deposit accounts. **4\. Global financial ecosystem** **a. Closed the acquisition of Canada's WonderFi; obtained Singapore MAS capital markets services license.** b. At the 'the world is flat' crypto/Intl launch, rolled out products including Robinhood Chain — a public chain purpose-built for real-world assets (RWA). DEX volume exceeded $12bn post-launch, making it one of the highest-volume chains last week; it reached 100mn transactions the fastest and now exceeds 150mn transactions. c. Robinhood Earn, a stablecoin lending product based on Robinhood Chain and proprietary USDG, has over $200mn in client deposits within weeks, offering ~7% APY. d. Stock tokens are available in 120+ countries, viewed as a key path to extend exposure to high-quality assets like U.S. equities to anyone with internet access. e. Non-U.S. accounts have surpassed 1mn, and management sees Intl still at a very early stage. **5\. App family demos** a. **Trump Accounts App**: Built with the U.S. Treasury, National Design Studio, and BNY Mellon, called 'the best digital experience ever delivered by the Gov.' Compounding sits at the core, showing current value, projected value at age 18, and simulated compounding with $50 or $130 monthly additions, extending to age 60; users can view holdings of low-cost ETFs. The funding flow is animated, with coin height in a 'piggy bank' precisely tracking progress toward the $5,000 annual cap; supports QR sharing so third parties can fund via Apple Pay without an account; and embeds investor education. Management sees high potential as a charitable giving vehicle and is enabling employer contributions (tax-free $2,500 per person annually, with Robinhood participating). b. **Banking App**: Positioned as the best digital banking experience, offering a 'private bank' feel without compromises. With direct deposit and Gold, both checking and savings earn high APY with no minimums, unified at 3.5%, eliminating the need to shuffle money; about 40% of customers have set up direct deposit. Rewards were redesigned, including 3% unlimited cashback and Gold card upgrades; a new 'Family' tab treats family as a first-class citizen. The closed loop is emphasized: paychecks into Banking → spend on credit card → cashback flows into brokerage → investing starts or accelerates. c. **Robinhood Wallet**: Upgraded alongside Robinhood Chain mainnet, with most features aimed at 120+ non-U.S. countries. A perpetual futures tab enables leveraged exposure to crypto perps, commodity perps, and single-stock perps via Lighter outside the U.S.; stock tokens boast 24/7 trading, on-chain transferability, and will expand in listed names and broader RWA tokenization. 6\. Other a. The 3rd Hood Summit will be held in two months in Houston, Texas. b. Following Robinhood Ventures Fund 1, Fund 2 is on roadshow with a public prospectus, focused on early-stage projects to give individuals exposure from the earliest stage through the full corporate lifecycle. **2.2 Q&A** **Q: What is the goal for Robinhood Social, and when will it open to all users?** A: Robinhood has mainly been an order-entry tool, while ideas often originate outside the platform — users get inspired in real life, then come to Robinhood to trade. We asked ourselves whether we could help users learn from each other, leverage our large community, and assist in idea generation; early signals are promising. Our distinct advantage versus typical social platforms is verified data — we have real trades, so claims are verifiable: if you say you traded, it happened; others can confirm you hold the portfolio you claim. We are adding features continuously, aiming to open to everyone by quarter-end. Current work is iterative — tuning feed ranking, features, and post formats ahead of full rollout; based on what we see, we are confident in a launch before quarter-end. **Q: If the Clarity Act passes, what would most impact Robinhood, and what happens if it is delayed?** A: Clarity is critical. The current administration has a constructive stance and is the first to truly embrace crypto innovation, but the U.S. foundation needs to be durable; rules shouldn’t be rewritten every four or eight years. For true industry growth, regulatory stability via legislation is essential; the Genius Act set a precedent, and Clarity goes further. **One major thrust for us is tokenization; we continue to invest in tokenization and believe it will be a large industry, mostly pursued outside the U.S. for now.** We can already see clear advantages from v1 to v2 over the past year: fully on-chain, 24/7 trading, transferable, and natively fractional. It would be unfortunate if the U.S. could not access these benefits. We are excited about all aspects of the bill, but we are not standing still — we are advancing on-chain and centralized products, innovating abroad while pushing on-chain offerings like Robinhood Earn domestically. We will be fine either way, but Clarity would be key to maximizing the value of what we have built. **Q: Since the Jul launch, how are Trump accounts tracking — openings, inflows, and long-term contribution to net deposits and AUA?** A: Progress is very encouraging. About 7mn children have registered, with contributions near $1.5bn, and that is before major charitable inflows begin. We expect tens of millions of accounts in the end and are pushing to get there; contribution volumes should also ramp quickly from here. It will take sustained effort. Successful programs tend to make users want more and fast; we are working with partners on employer funding for employees' children and a strong charitable experience. **Q: Net-deposit account growth was well above expectations this quarter; what structural drivers are at work, and how is Europe tracking?** A: As we said last quarter, we doubled down on the top of funnel. **Nearly 1mn net-deposit customers were added, the highest single-quarter since the IPO in almost five years.** The drivers are multiple: a strong market backdrop helped; new products like Banking and credit card supported robust organic growth; the SpaceX IPO contributed; one acquisition added hundreds of thousands of accounts; and Intl continues to grow. This is the power of the financial app ecosystem — multiple vectors can be growing at any time, and this quarter many fired together. We will keep focusing here via products and marketing; this remains one of our most important future KPIs, with plenty of work ahead. **Q: Post-World Cup and into the football season, how do you view prediction markets' sustainability and long-term viability? How are macro or major-event contracts performing?** A: Prediction markets benefit from a continuous flow of events. Football season is next, as are midterms — midterms will be a focal point, and clients will want to trade them and hedge portfolios. Events are steady supply, and we are preparing accordingly. We are improving product and pricing continuously. Rothera is live, and the World Cup was a strong proof-of-concept; we aim to scale quickly and deliver better pricing. We think in terms of routing across venues to ensure best pricing at Robinhood. **Q: Since Jun, prediction market engagement has been strong and extended into Jul. How much activity comes from existing prediction users, how much from existing clients trying prediction for the first time, and how much from new clients?** A: As noted, customers often come for one thing and do more. A couple of data points: new clients adopt Gold at a 40%–50% rate, with journeys starting from one product — stocks, options, prediction, crypto, or Banking — then discovering Gold and more products. We see that regardless of the starting product, users tend to adopt Gold and expand to other offerings; prediction market clients are actually more likely to hold retirement accounts at Robinhood. Prediction markets are just one strong vector this quarter. Banking is very strong and a great new-flow entry; credit card is likewise strong, with cardholders now over 1mn; there is also some seasonality from retirement accounts across Q1 and Q2. With the World Cup and upcoming midterms, prediction will attract new clients; **we last disclosed ~1.5mn prediction users, now near 2mn and growing well.** The core takeaway: growth is spread across products, with clients adopting multiple offerings concurrently. On marketing, ROIs remain strong and diversified — prediction's ROI is compelling, as are ROIs for Gold and some active-trader products. We are in a fortunate spot with many fronts performing well. **Q: Post agentic v1 rollout, what have you learned from users? Any notable performance/behavior, and how does this map to v2 and timing for full rollout?** A: As the first large platform doing this, we started conservatively with stocks and a separate agentic account, leading users to fund with smaller amounts and onboard their agent. We have since expanded to options within agentic, and users are building interesting, complex strategies; crypto will open shortly, and we will broaden tools to cover as much of the Robinhood ecosystem as possible. Over 100k have onboarded and opened agentic accounts, which is great; AUM and volumes inside agentic are growing. Friction points include two surprises: **not everyone likes wiring Codex or Claude Code together — it takes real technical skill; and models are often unfamiliar with trading contexts, sometimes resisting trades, requiring effort to align them with user intent.** We are working hard to resolve these and other issues. **Q: Rothera is already a top-3 DCM; long term, can you scale DCM combined with retail distribution into perps or traditional futures and challenge the top two?** A: Getting to top-3 in a month is great, but the goal is to keep scaling; we won’t rest after two months. Rothera is a JV, so I won’t speak for it, but its roadmap should be about continued growth and new capabilities. It is focused on prediction and event contracts today, but category expansion should come over time. On perps, we not only have on-chain perps but also offer perps via Bitstamp abroad, and we are rapidly expanding coverage into commodities; that library should broaden further. Retail clients can access best-of-breed products across venues via the Robinhood app, and our role is stitching them together, making costs transparent, and pushing costs down. Assume a multi-homed architecture where clients get the best from each side. This can also become B2B over time — we can connect more FCMs. Today, the focus is great retail experiences for Robinhood clients, but longer term there is no reason this cannot also be a sizable institutional business. **Q: With Robinhood Chain live and healthy, what is the broader DeFi roadmap? Beyond tokenized assets, Robinhood Earn, and wallet perps, what on-chain services could be next, like lending or yield?** A: Lending is already enabled through partners, with on-chain lending pools being built — some quite interesting. A high-volume chain creates a positive flywheel: others typically spend heavily to convince third parties to integrate, but in recent weeks most major wallets and protocols integrated with us proactively because they saw the volume. Developers then choose where to prioritize; seeing momentum and all wallets already integrated attracts them, boosting developer activity to among the highest across chains. Developers are building composable RWA use cases, including stock-token plays, some of which we did not expect. Our roadmap is to keep improving infra and clean APIs — block speed and times are already good, but can improve further — while adding more RWA and stock tokens and expanding to other asset classes. Our uniqueness is making RWA a key primitive of the chain, ensuring they run well and seeing what developers can compose on top. **Q: What is your appetite to launch perps in the U.S.? What obstacles remain, and could it happen soon after CFTC approval?** A: We are in constructive dialogue with the CFTC and making progress. No specifics to share yet, but we are confident clients will get a high-quality perps experience. We are already live in Europe, so the remaining work is not large. **Q: Do you plan to support foreign stocks? Investors currently only access some foreign names via ETFs.** A: Short answer, yes. It is on the roadmap, and Robinhood clients should get a more complete set over time; we aim to offer U.S. stocks to global clients and foreign stocks globally, including to U.S. clients. We will build a marketplace, and our generalized infra is a real asset here. It is unfortunately not a snap-of-the-fingers global interconnect, much as I wish. But this is a high-priority direction; active traders always want more, so we stay busy — and we like that. **Q: Robinhood Chain has ~$15bn monthly volume, 2mn+ monthly transacting users, and near $500mn in stablecoin supply. What does the best-case scenario look like?** A: Robinhood Chain is designed for RWA. For clarity, I like meme assets too — Robinhood was a pioneer in many respects — and whatever you want to build, the chain is permissionless. Our distinct contribution is RWA. We are doing the hard work on liquidity and regulatory sides to safely bring these assets on-chain and make them useful, starting with stock tokens and broadening over time while making them fully DeFi-native. You can already see some outcomes — developers are building things I did not expect — and our job is to keep giving them better tools. Enthusiasm is high, but we know there is more to do; we will keep building to ensure this is the most useful chain for developers and traders. **Q: Jul net deposits of ~$4bn were well below Jun and the YTD low — how do you explain this? Given semiconductor pullbacks and recent market action, how healthy are investors?** A: Our target is 20% annualized; we do not fixate on any month-end or single month — there will be moving parts. YTD including Jul remains clearly above 20%. Q2 was very strong with high engagement, but the metric will fluctuate; we do not over-interpret that. Net deposits are affected by macro, product launch timing, seasonality (summer is usually softer), and promotions. Our focus is delivering consistently and rolling out new products; over a year or longer, we should sustain ~20% growth, and all signs indicate this is happening. Client health is very solid. Our base skews tech-optimist and younger, with a long-term mindset, buying pullbacks. On down days or months, we typically see strong net buying; Q2 was like that and remains so. Jul ADV is very close to Q2 averages, net deposits are strong, and health metrics are all good. There are also durable tailwinds. Beyond short-term promo and macro, we are building more resilient net-deposit engines: Banking is successful and early, not yet fully integrated into the main app and ecosystem; there is room. Advisor network is a strong RIA aggregation start, and the RIA channel is a durable, stable source of net deposits. Multiple brokerage accounts are growing well; trust features are rolling out, and many HNW clients use trusts and park wealth there. As we add and support these capabilities, they become long-term tailwinds for the business and net deposits. **Q: As HOOD nears a $100bn market cap, how hard is the next 10x? Does scale and operating leverage make $1tn easier, and what would it take to surpass traditional financial institutions? Will AI accelerate global expansion?** A: Getting to $1tn is extremely hard; I do not think a financial company has done it historically, but it is achievable. New vectors are changing fast, and we are at the frontier. It is not just scaling brokerage and going Intl; it is agentic finance — can we build great tools for agents and move toward a world where a large share of activity happens there — we are building for that. Can we leverage Robinhood Chain's early success to offer all assets and U.S. exposure to billions globally and benefit from global prosperity and economic rise? Prediction markets are exciting too. Also Robinhood Ventures Fund 1, and Fund 2 now on roadshow with a public prospectus, focused on early stage. Robinhood Ventures aims to give individuals exposure from the earliest corporate stages through the full lifecycle. Put together, I see multiple axes that can 10x, and we will pursue them all. We do not comment on stock price, but as stated before, **we believe we can 10x the business over the next decade via these vectors.** AUA is the best predictor of future, and core brokerage alone has TAM in tens of trillions — no reason we cannot capture more; retirement is a multiple of that; Banking and crypto are multiples again; then Intl; then B2B. It is unique from any angle: most companies find adjacent TAM smaller; ours are bigger, enabling sustained growth. We build a 10-year roadmap, not just one or five years; if we execute, the opportunity is excellent. One more point: not long ago, Apple became the first $1tn company, and few expected more; now there is a $5tn company and soon a $10tn one. I have no doubt Robinhood will be a $1tn company. **Q: Engagement was extremely strong this quarter, platform AUA is near $400bn, Gold penetration is 17%, and subs hit new highs. Why is engagement so strong, which flywheel parts are working, and how do you sustain it for the next decade?** A: First, the product has to be good. We launched many strong products — the credit card, for example, offers 3% universal cashback, great UI, and excellent virtual card experience. Not every product succeeds at first — we iterated multiple versions of debit and cash management, then found a winning path. We do see a flywheel: acquire a client, they become Gold; then they review all our products; if those match or beat market alternatives, they adopt; if we get direct deposit, a meaningful share of their income flows into Robinhood; they spend time on the platform and often use us for everything, so when we add features, they likely see and use them. We must present the right product at the right time to the right customer and ensure a coherent experience. That is becoming a harder orchestration problem as the app evolves — turning everything into one story and one unified financial tool is a growing focus, and we can still do better here. Each component must be world-class even if a client uses only one or two products. If we deliver great components and stitch them elegantly, there is ample room. **Q: With the updated expense guide, how have the three buckets from early-year planning (new products, core, M&A) evolved? Are you still funding early-growth projects at similar intensity?** A: The exciting part is we can self-fund many growth initiatives, so we are still growing; that has not changed. We shared many ongoing products and apps; we remain a growth company, but our lean and disciplined operations allow self-funding for much of that. On the three buckets (early-year guide was +18% OPEx, with +10pts new products, +5pts core, +3pts M&A), the short answer is: **savings come from all categories.** **Some from M&A via higher efficiency — and new M&A was not in the plan and is being absorbed via self-funding. Core is delivering faster while improving efficiency, yielding savings; for new seeds, we not only funded the planned amounts, we actually increased versus the early-year plan.** Together, we are halfway through the year and trending well; lean and disciplined traits are showing, making now the right time to lower guidance. The bottom line: we are still growing, just more efficiently. **Q: With the new MAS license in Singapore and two small brokers operating in Indonesia, how is Asia product rollout progressing? How will offerings compare to the U.S., and what can be passported from Singapore?** A: To clarify, this refers to our centralized business; with the chain and DeFi, we are already live in many countries. For centralized brokerage, we have MAS approval and are working to bring as much of our product set as allowed. **From the U.K. experience, launching more products at once beats staging stocks → options → margin.** So we aim to have more of the Robinhood ecosystem available at launch in new markets; the team is close to finishing that. Expect that strategy more broadly elsewhere. We expect Singapore to be the Southeast Asia/APAC hub, passporting to many countries regionally; some markets like Indonesia will have local direct licenses depending on localization opportunities. **Q: With DeFi expansion, how will client interaction and touchpoints change? Do you need to rethink acquisition and mindshare, and how does monetization compare to existing relationships?** A: Many of these clients are active on Twitter and listen to podcasts, where I am already active — giving our PR, legal, and compliance teams headaches. So reach is less of a concern, though we always seek more channels; I am less active on TikTok — maybe I am too old-school — but I will go where needed. Engagement largely comes from developers themselves. Once we build a great product, people need to find it — that is a Robinhood advantage: with our scale and distribution, good products tend to take off, whether DeFi, permissionless, or centralized. **Monetization is per transaction in bps, not volume; it varies with trade size but can be thought of as a few bps on Avg.** We share roughly half with Arbitrum, our Layer 2; as scale grows and we have a few quarters, we will break out details. For now: per-transaction bps plus 50:50 revenue share. **Q: CBOE has filed with the SEC to launch corporate KPI contracts. What is Rothera's interest in such contracts, and what is the plan to migrate more HOOD event contracts (e.g., NFL) to Rothera in H2?** A: My understanding is CBOE's corporate KPI contracts fall under securities oversight, so I am not sure Rothera would launch these now. That said, Robinhood connects broad counterparties — we have brokerage and FCM, and Rothera is a strong JV with SIG — so it does not mean we cannot offer such products to clients. These products seem useful and have demand; we continually evaluate adding new categories on platform. On flow migration, we previously said that in the near to medium term, most or a large share of flow will route through Rothera. We are still validating its scaling capacity, but volumes are substantial after a month; expect more flow to move there. **Q: Can you break down Jul further? Were ADVs by asset class close to Q2, and how is the take rate? Crypto was not mentioned — what drove take-rate improvement in Q2, and how is Q3 shaping?** A: Your read is right. Jul ADVs in stocks, options, and prediction are in ranges similar to Q2, with healthy engagement. Crypto might be slightly slower than Q2, and it is still early in the month, but that is the starting picture. **Take rate in Jul is similar to Q2 averages and is a good baseline.** As for drivers, the take rate is an outcome driven by many variables: for stocks and options, mix, vol, and contract type; for crypto, institutional share and client fee tiers. There are many variables, but the big picture is Jul take rate and most asset classes are in ranges close to Q2 averages. **Q: Beyond routing more prediction volume to Rothera, reports suggest you are exploring other venues. Can economics improve via multi-venue partnerships, or is the focus on concentrating activity at Rothera?** A: Both. We invested in Rothera and believe economics there are compelling, and we do intend to route more flow there. At the same time, we are connecting more counterparties — we first integrated ForecastX (IBKR’s DCM), then Kalshi, and of course Rothera. We seek diversification so clients have multiple choices and we avoid dependence on a single venue. **Q: On top of funnel, where will acquisition strategy focus next? Did PDT rule removal help this quarter, and are you doing anything to win back previously lost clients?** A: There is much to improve product-wise, like ensuring onboarding is smooth, especially with more products, multi-account capability, and multi-asset trading; we have invested substantial time here. We also see opportunities in client referrals. With Banking scaling and strong momentum and cardholders over 1mn, we are testing whether brokerage clients can more easily open cards and, conversely, whether card/Banking entrants can be guided into brokerage as another active-growth vector. These opportunities were largely untapped, and there is much we are confident about ahead. On PDT, we are very pleased the SEC removed an outdated rule — small-balance clients were penalized for how they traded, so this is great for clients. The Jun effective date gave a good tailwind. We see this industry-wide across brokers, but given our smaller average balances, we likely benefited relatively more than peers. Clients are returning and adopting related features, so this should be a tailwind not only for this quarter but for several quarters. **It is too early to size precisely, but the big picture is that clients are returning,** and NPS and other channels show those who left are happy to be able to trade again. **Q: What are the next milestones for agentic trading? Could it push volumes far beyond human trading, and will AI agents be allowed in prediction markets?** A: Product-wise, the goal is to open all human trader tools on Robinhood to agents. That is notable because Robinhood historically constrained access via our own interface; now we will open it so traders and developers can access all capabilities within reasonable bounds. The team has done a lot in agentic, and there is much more in the pipeline; we are early, and the opportunity is far larger. More will be shared, including at the upcoming active-trader event. **Risk disclosures and statements:**[**Dolphin Research Disclaimer & General Disclosure**](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md)