Robinhood Surpasses Q2 Forecasts with 175% Stock Surge and Doubled Crypto Revenue

Robinhood Markets Inc. delivered a standout second-quarter performance in 2025, significantly outpacing Wall Street’s expectations with robust revenue growth and earnings. The U.S.-based fintech firm reported total revenue of $989 million, surpassing the $908 million analysts had forecast [1]. Earnings per share (EPS) came in at $0.42, well above the expected $0.31 [2]. Non-GAAP earnings were even stronger at $2.07 per share, exceeding the projected $1.995 [3].

The company’s financial success was driven by a surge in user activity and trading volumes, particularly in cryptocurrencies, options, and equities. Crypto revenue nearly doubled year-over-year, reaching $160 million during the quarter [4], while options trading revenue hit $265 million. Net interest income also impressed, rising to $357 million compared to an estimated $306 million [1]. Robinhood’s Gold subscriptions increased by 76% year-over-year to 3.5 million, with average revenue per user reaching $151—an 85% jump from the previous year [1].

User growth was another key driver. The company added 2.3 million new funded accounts, bringing the total to 26.5 million. Total investment accounts rose to 27.4 million, a 10% increase from a year ago [1]. Total platform assets nearly doubled to $279 billion, fueled by deposits, acquired holdings, and rising valuations in crypto and equities [1].

Operating expenses rose 12% to $550 million, primarily due to the recent acquisition of Bitstamp. However, 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 [1].

CFO Jason Warnick noted that momentum remained strong into Q3, with $6 billion in net deposits already recorded in July and elevated trading activity across all platforms [1]. The company is set to host a conference call with analysts to provide further details on its Q2 results and to outline its revised 2025 guidance [1].

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].

Sources:

[1] title1.............................(https://coindoo.com/robinhood-crushes-q2-forecasts-with-soaring-profits-and-user-surge/)

[2] title2.............................(https://sherwood.news/markets/robinhood-q2-2025-earnings-sales-eps-numbers/)

[3] title3.............................(https://www.ainvest.com/news/robinhood-hood-stock-surges-175-strong-crypto-meme-stock-trading-2507/)

[4] title4.............................(https://www.msn.com/en-us/money/companies/robinhood-beats-estimates-as-crypto-revenue-almost-doubles/ar-AA1JBBRG)

[7] title7.............................(https://ng.investing.com/news/earnings/impinj-shares-soar-20-as-q2-results-q3-outlook-crush-estimates-93CH-2035148)