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Jun 30
Robinhood Q2 2025 Earnings Report
Robinhood reported strong financial results for the second quarter of 2025, with significant increases in revenue, net income, and key customer metrics.
Key Takeaways
Robinhood delivered robust performance in Q2 2025, with total net revenues surging by 45% year-over-year to $989 million and net income increasing by 105% to $386 million. The company saw strong growth in transaction-based revenues, particularly from options and cryptocurrencies, and achieved record numbers for Robinhood Gold Subscribers and Total Platform Assets. Strategic acquisitions and product innovations also contributed to the positive results.
Total net revenues increased 45% year-over-year to $989 million, driven by strong transaction-based and net interest revenues.
Net income more than doubled, increasing 105% year-over-year to $386 million, with diluted EPS reaching $0.42.
Key customer metrics showed significant growth, including a 10% increase in Funded Customers to 26.5 million and a 76% rise in Robinhood Gold Subscribers to 3.5 million.
Total Platform Assets nearly doubled, increasing 99% year-over-year to $279 billion, supported by substantial Net Deposits of $13.8 billion.
Robinhood
Robinhood
Robinhood Revenue by Segment
Revenue by Segment
Cryptocurrencies Revenue
CapyFin.comOptions Revenue
CapyFin.comEquities Revenue
CapyFin.comNet Interest Revenue
CapyFin.comOther Revenues Revenue
CapyFin.comTransaction-based Revenues Revenue
CapyFin.com Forward Guidance
Robinhood updated its full-year 2025 Adjusted Operating Expenses and SBC outlook to $2.15 billion to $2.25 billion, including $65 million of anticipated costs related to the Bitstamp acquisition. This outlook reflects continued growth investments while maintaining efficiency.
Positive Outlook
- Continued growth investments in new products and features are planned.
- Ongoing international expansion is a key focus.
- Efforts to improve efficiency in existing businesses are underway.
- The updated expense outlook includes costs for the recently closed Bitstamp acquisition, indicating integration progress.
- The company expects to host HOOD Summit 2025 in September to engage active traders.
Challenges Ahead
- The expense outlook does not include provision for credit losses, which could be material.
- Costs related to the pending acquisition of WonderFi are not included in the outlook.
- Potential significant regulatory matters are not factored into the expense guidance.
- Other significant expenses like impairments or restructuring charges are excluded from the outlook.
- Actual results may differ materially due to factors like customer growth rates, credit loss management, and web-hosting expenses.