Robinhood's Crypto Surge: $1B Revenue, 700% Crypto Growth

Robinhood, the popular retail trading platform, reported a significant surge in revenue for the fourth quarter of 2025, with total revenue reaching $1.01 billion. This figure surpassed Wall Street analysts' expectations, which were set at $940.8 million. The company's earnings growth was primarily driven by a sharp increase in crypto trading activity, with revenue from digital assets surging by 700% to $358 million during the quarter.

In addition to the impressive revenue growth, Robinhood also reported its fifth consecutive quarter of positive net income, with earnings of $916 million for Q4. This marked a substantial improvement from the previous year, when net income was just $0.03 per share. The company's diluted earnings per share rose to $1.01, reflecting strong financial performance.

The platform's total assets under custody (AUC) reached $193 billion, an 88% increase from the previous year. This growth was driven by increased valuations in equities and cryptocurrencies, along with consistent net deposits from users. Robinhood's equity trading volume also increased, reaching $423 billion for the quarter, a 154% rise from the previous year.

Robinhood's transaction-based revenue for the quarter was $672 million, up 200% from the previous year. Of this, cryptocurrency trading generated $358 million, while equities contributed $61 million. The results positioned Robinhood among the top-performing retail trading platforms during the period.

In response to the rising demand for crypto trading, Robinhood expanded its offerings by adding seven new digital assets for U.S. customers and launching Ethereum staking services in the European Union. The company continues to explore new features to increase engagement within its trading ecosystem.

Robinhood has also been expanding its global reach, launching US equity-options trading for UK customers and announcing plans to enter the Asian market with a Singapore-based headquarters in 2025. These efforts align with the firm's strategy to grow its presence beyond the U.S.

CEO Vlad Tenev emphasized the firm's focus on innovation, noting that 2024 saw major product developments, including the launch of a new platform for active traders. The Chief Executive Officer added, "We hit the gas on product development in 20