Robinhood Q2 Earnings Exceed Forecasts on Strong Revenue and User Growth

Robinhood, the US-based financial technology platform, reported its second-quarter 2025 earnings, surpassing Wall Street's expectations across multiple key metrics. The company demonstrated robust performance in revenue, net income, and user growth, signaling a return to strong momentum after a period of market volatility [1].

The firm reported revenue of $989 million, exceeding the estimated $908 million. Earnings per share (EPS) were reported at 42 cents, surpassing the forecast of 31 cents. Year-over-year revenue grew by 45%, while net income increased by 105% to $386 million [1]. Transaction-based revenue was particularly strong, reaching $539 million, and options revenue came in at $265 million, above the projected $250 million. In contrast, equity revenue fell short of expectations at $66 million [1].

User growth remained a cornerstone of Robinhood’s success, with funded customer accounts rising by 2.3 million to 26.5 million, surpassing the forecast of 26.1 million. Investment accounts also grew by 10% year-over-year to 27.4 million. Average revenue per user (ARPU) increased by 34% to $151, reflecting stronger engagement and product adoption [1].

The platform’s total assets surged by 99% year-over-year to $279 billion, driven by net deposits, acquired assets, and rising stock and cryptocurrency values. This growth was accompanied by increased operating expenses, which rose by 12% to $550 million. Adjusted expenses, excluding stock-based compensation, climbed by 6% to $522 million, primarily due to the costs associated with the Bitstamp acquisition [1].

Robinhood’s premium offering, Robinhood Gold, saw a 76% increase in subscribers, reaching 3.5 million. The service, which includes high interest rates, instant money transfers, and advanced analytics tools, continues to attract users seeking enhanced financial services [1].

Net interest income was reported at $357 million, surpassing estimates of $306 million, while adjusted EBITDA increased by 82% to $549 million, outpacing the forecast of $448 million [1]. CFO Jason Warnick highlighted the strong start to the third quarter, noting that customers made nearly $6 billion in net deposits and experienced heightened activity across all transaction categories [1].

The report comes amid broader developments in the financial sector, including regulatory advancements in the cryptocurrency space and shifting investor sentiment toward digital assets [1].

Source: [1] Crypto and Finance Giant Robinhood Releases Earnings Report: Results Are Significant (https://coinmarketcap.com/community/articles/688a8b4aa46b022297b51c25/)