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Dec 31, 2024
Robinhood Q4 2024 Earnings Report
Robinhood reported record-breaking revenue and profits for Q4 2024.
Key Takeaways
Robinhood's Q4 2024 earnings exceeded expectations with revenue surging 115% year-over-year to $1.01 billion and EPS reaching $1.01. Net income grew more than tenfold to $916 million, while transaction-based revenue soared over 200%, led by a 700% increase in cryptocurrency trading. Net deposits hit a record $16.1 billion, and the company saw strong user engagement with ARPU more than doubling.
Q4 revenue grew 115% year-over-year to $1.01 billion.
Net income increased over 10x to $916 million, with diluted EPS of $1.01.
Transaction-based revenue surged over 200%, driven by a 700% increase in cryptocurrency revenue.
Net deposits reached a record $16.1 billion, growing at an annualized rate of 42%.
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.com Forward Guidance
Robinhood expects continued growth in 2025, driven by new product offerings, international expansion, and increased user engagement.
Positive Outlook
- Strong momentum in cryptocurrency trading, with plans to expand offerings.
- Expansion into the Asia-Pacific region, with Singapore as a key hub.
- Launch of futures trading and index options for active traders.
- Robinhood Gold subscriber base expected to continue growing.
- Anticipated regulatory approval for the Bitstamp acquisition in H1 2025.
Challenges Ahead
- Potential impact of regulatory changes on revenue models.
- Uncertainty around interest rate movements affecting net interest income.
- Increased competition in the brokerage and fintech space.
- Potential credit losses and fraud risks associated with platform growth.
- Costs related to international expansion and acquisitions may weigh on margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income