Robinhood Q2 Revenue Surges 45 to 989M Driven by Crypto and Tokenization Growth

Robinhood Markets Inc. reported a significant surge in its second-quarter 2025 performance, driven primarily by robust growth in its cryptocurrency business and a strategic push into asset tokenization. The company’s total net revenues rose 45% year-over-year to $989 million, exceeding Wall Street estimates. Earnings per share (EPS) doubled to $0.42, driven by a 105% year-over-year increase in net income to $386 million [3].

Crypto trading volume for the quarter increased 32% year-over-year to $28 billion, with transaction-based cryptocurrency revenue nearly doubling to $160 million [1]. This growth coincided with the completion of Robinhood’s acquisition of Bitstamp Ltd., a cryptocurrency exchange with a global regulatory footprint, which added $7 billion in crypto trading volume in June 2025 alone [4]. The company also announced plans to acquire WonderFi, a Canadian digital asset firm, expected to close by the end of 2025 [3].

CEO Vlad Tenev emphasized the transformative potential of tokenization during earnings calls, calling it “the biggest innovation our industry has seen in the past decade.” Robinhood’s broader product expansion, including new trading tools, digital advisory services, and retirement offerings, further supported its performance. The firm also reported record levels of user engagement, including a 76% year-over-year increase in Robinhood Gold subscribers to 3.5 million [3].

Robinhood’s strategic pivot toward a full financial platform has also been reflected in its global expansion, particularly in Europe, where it now operates in 30 countries and offers tokenized versions of US stocks and ETFs. The company’s net interest revenue increased 25% to $357 million, supported by higher interest-earning assets and securities lending activity [3].

Analysts highlighted Robinhood’s disciplined expense management and its ability to generate substantial cash flow, with adjusted EBITDA rising 82% year-over-year to $549 million [3]. The firm also repurchased $124 million of its Class A common stock in the quarter and maintained a strong balance sheet, with $4.2 billion in cash and cash equivalents [3].

The performance underscores Robinhood’s ability to adapt to evolving market conditions and leverage technological innovation to capture a growing segment of the financial industry. With further expansion into tokenization, institutional services, and international markets, the company appears well-positioned to continue its momentum in the coming quarters [3].

Source:

[1]title1.............................(https://www.pymnts.com/financial-apps/2025/robinhood-rides-crypto-surge-bitstamp-deal-to-nearly-1b-revenue/)

[2]title2.............................(https://www.theblock.co/post/364887/robinhoods-q2-crypto-volume-tokenization-bitstamp-deal)

[3]title3.............................(https://www.bloomberg.com/news/articles/2025-07-30/robinhood-beats-estimates-as-crypto-revenue-almost-doubles)

[4]title4.............................(https://www.ainvest.com/news/robinhood-q2-crypto-volume-jumps-32-28b-tokenization-push-bitstamp-acquisition-2507/)