Robinhood Q2 Revenue Surges 45% on Crypto and Options Trading Boom

Robinhood's Q2 revenue surged 45% to $989mln, beating estimates, driven by a 98% increase in cryptocurrency revenue to $160mln and a 46% rise in options revenue to $265mln. Transaction-based revenue rose 65% YoY to $539mln. The company added 10% more funded customers YoY and platform assets nearly doubled to $279bln.

Robinhood Markets Inc. (HOOD) reported a robust second-quarter performance, with revenue surging 45% year-over-year to $989 million, significantly outperforming Wall Street’s expectations [1]. The company’s financial success was driven by a surge in user activity and trading volumes, particularly in cryptocurrencies and options. Crypto revenue nearly doubled year-over-year, reaching $160 million, while options trading revenue hit $265 million, up 46% from the previous year [2]. Transaction-based revenue rose 65% year-over-year to $539 million [3].

The company added 2.3 million new funded accounts, bringing the total to 26.5 million, and total investment accounts rose to 27.4 million, a 10% increase from a year ago [3]. Total platform assets nearly doubled to $279 billion, fueled by deposits, acquired holdings, and rising valuations in crypto and equities [3].

Operating expenses rose 12% to $550 million, primarily due to the recent acquisition of Bitstamp, but excluding stock-based compensation, adjusted expenses grew modestly by 6% to $522 million. Adjusted EBITDA climbed 82% year-over-year to $549 million, surpassing the $448 million forecast [3].

Robinhood’s performance had an immediate and positive effect on its stock price, which surged over 175% by the end of July, far outpacing the 9.3% gain seen in the Nasdaq Composite over the same period [3]. On the day of its earnings release, shares closed up 2.7% [7], reflecting strong investor confidence in the company’s ability to maintain its momentum.

The results reflect a broader market shift toward Robinhood, particularly among retail traders who are increasingly seeking accessible and low-cost trading platforms. The company’s focus on digital infrastructure expansion and user experience improvements appears to be paying off, as evidenced by its strong user and revenue growth [3].

References:
[1] https://www.ainvest.com/news/robinhood-surpasses-q2-forecasts-175-stock-surge-doubled-crypto-revenue-2507/
[2] https://investors.robinhood.com/news-releases/news-release-details/robinhood-reports-second-quarter-2025-results
[3] https://www.ainvest.com/news/robinhood-hood-stock-surges-175-strong-crypto-meme-stock-trading-2507/
[7] https://ng.investing.com/news/earnings/impinj-shares-soar-20-as-q2-results-q3-outlook-crush-estimates-93CH-2035148