After a somewhat disappointing Q1, American Neobroker RobinHood Markets Inc (Nasdaq: Hood) saw much improved results in the second quarter of 2025, while the company mentions moderate revenue and profits, although it is still below the record results from Q4-2024.
RobinHood’s revenue amounted to $ 989 million in the 2nd quarter 2025, up 7% from $ 927 million in the quarter. Interestingly, revenue increased as encryption revenue decreased by Robinhood from $ 252 million in the third quarter to just $ 160 million in the 2nd trimester, with a loose more than it got from increased transactions of options and increasing revenue.
RobinHood’s shares, which are negotiating at levels close to the RECORD from the first intersection of $ 100 in early July, have just reacted to the news, with the trade negotiation observing a slight (0.6%) decrease from Robinhood on Wednesday 106.10. At this price, RobinHood is valued at about $ 94 billion.
Vlad Tenev, President and CEO of Robinhood, said,
“We provide strong business results in Q2 driven by the relentless speed of the product and we have started tokenization – which I think is the greatest innovation our industry has seen in the last decade.”
Jason Warnick, head of financial director of RobinHood, added,
“The Q2 was another great quarter, as we drove the market share profits, closed the acquisition of Bitstamp and remained disciplined in spending and the Q3 starts in July in July, as customers accelerated their net deposits at about $ 6 billion and all over $ 6 billion.
Results of the second quarter
Total net revenue increased by 45% annually to $ 989 million.
- Transactions -based revenue increased by 65%annually to $ 539 million, mainly resulting in $ 46%revenue of $ 265 million, $ 160 million, $ 98%and $ 66 million in shares.
- Net interest revenue increased by 25% on an annual basis to $ 357 million, mainly based on the increase in assets and lending of values and securities, which are partially offset by lower short -term interest rates.
- Other revenue increased by 33% annually to $ 93 million, mainly due to increased gold subscribers.
Net revenue increased by 105% annually to $ 386 million.
Diluting profits per share (EPS) increased by 100% on an annual basis to $ 0.42.
Total operating expenses increased by 12% annually to $ 550 million. Operating expenses and shares compensation (SBC) (Non-GAAP) increased by 6% annually to $ 522 million, which includes the cost-related cost.
- Customized EBITDA (Non-GAAP) increased by 82% on a yearly basis to $ 549 million.
Funded customers increased by 2.3 million or 10%, on a year -long basis to 26.5 million.
- Investment accounts increased by 2.6 million, or 10%, on an annual basis to 27.4 million.
Platform’s total assets increased by 99% annually to $ 279 billion, resulting in continued net deposits, assets obtained and higher stock and encryption valuations.
Net deposits were $ 13.8 billion, an annual 25% growth rate compared to total platform assets at the end of Q1 2025. During the last twelve months, net deposits were $ 57.9 billion, a growth rate of $ 41% over the total of $ 20%.
Medium revenue per user (ARPU) increased by 34% on an annual basis to $ 151.
Gold Robinhood subscribers increased by 1.5 million, or 76%, on a 3.5 million annual basis.
Cash and cash equivalents amounted to $ 4.2 billion compared to $ 4.5 billion at the end of Q2 2024.
The stock repurchase was $ 124 million, representing 3 million shares of Category A at average per share of $ 41.52. During the last twelve months, the stock repurchase has been $ 703 million, representing 21 million shares of Class A share at average per share of $ 34.24.
RobinHood accelerates global encryption expansion
Despite the aforementioned decline in encryption revenue in the 2nd quarter of 2025, RobinHood seems to be “all in” for Crypto. In the company’s recent event RobinHood presents: To catch a distinctive In June 2025, the company presented a suite of new encryption products, expanded to 30 European countries, launched stock brands in Europe in over 200 US reserves and ETFS and offered encryption to the eligible US customers.
Also, in June 2025, Robinhood closed the acquisition of Bitstamp, an encryption exchange with over 50 active licenses and registrations worldwide and greatly expanded Robinhood’s institutional business. Robinhood has also entered into an agreement on the acquisition of Wonderfi, a Canadian leader in digital assets and services. The transaction is expected to close in the second half of 2025, without prejudice to the usual closing conditions, including regulatory approvals.
Additional Q2 2025 Operating Data
- RobinHood Retirement AUC increased by 118% annually on a record of $ 19.0 billion.
- Sweep Cash increased by 56% annually on a record of $ 32.7 billion.
- The marginal book increased by 90% annually on a record of $ 9.5 billion.
- Reinforcement volumes of trade increased by 112% on an annual basis on a record of $ 517 billion.
- The negotiating contracts increased by 32% on a 515 million record year.
- RobinHood App Crypto Theoretical volumes of transactions increased by 32% on a annual basis to $ 28 billion.
- The Bitstamp Cryptographic volume was $ 7 billion after the Bitstamp acquisition in June 2025.
The complete release of RobinHood results for Q2 2025 can see here.