NASDAQ:HOOD

Robinhood Stock Edges Higher After Record Q2 Results and Strong Customer Growth

Robinhood Markets (NASDAQ: HOOD) shares rose 0.55% in premarket trading on Thursday after the online brokerage reported record second-quarter revenue and earnings, driven by strong trading activity, accelerating customer growth and expanding contributions from newer business lines.

Total net revenue increased 32% year-over-year to a record $1.31 billion, while net income rose 48% to $573 million. Diluted earnings per share climbed 48% to $0.62. Transaction-based revenue jumped 44% to $776 million, fueled by record options, equities and prediction market activity, although cryptocurrency trading revenue declined 38%.

Customer Growth and New Products Drive Momentum

Robinhood continued to attract new customers and assets during the quarter. Net deposits reached a record $21.7 billion, while total platform assets increased 32% to $369 billion. Funded customers grew to 28.4 million, investment accounts reached 29.9 million, and Robinhood Gold subscriptions climbed 39% year-over-year to a record 4.8 million.

The company also highlighted growing diversification beyond traditional brokerage services. Robinhood now has 13 business lines generating at least $100 million in annualized revenue, including Robinhood Legend, its credit card business and prediction markets. During the quarter, the company also expanded its AI-powered trading capabilities, launched the public mainnet of Robinhood Chain and continued its international expansion with the acquisition of WonderFi and a capital markets license in Singapore.

Strong Results, Limited Stock Reaction

Despite another record quarter, the stock posted only a modest premarket gain, suggesting investors had already priced in much of the company's strong operating momentum following Robinhood's significant share price appreciation over the past year.

What to Watch

Investors will now focus on whether Robinhood can sustain its rapid asset gathering and continue expanding higher-margin businesses such as subscriptions, banking, AI-powered trading and international operations. Trading activity, cryptocurrency volumes and adoption of the company's growing financial ecosystem are likely to remain key drivers of future performance.
Robinhood Markets, Inc. to Announce First Quarter 2026 Results on April 28, 2026
Robinhood reported February 2026 operating metrics showing continued growth in customers and deposits despite mixed trading activity.

Funded customers reached 27.4 million at the end of February, up about 140,000 from January and 1.74 million year-over-year. Total platform assets stood at $314 billion, down 3% from the previous month but up 68% compared with a year earlier. Net deposits totaled $5.6 billion during the month, while deposits over the past twelve months reached $67.8 billion.

Trading activity declined month-over-month across equities and options but remained higher year-over-year, while crypto trading volumes rose to $25 billion, up 9% from January and 74% year-over-year. Margin balances ended the month at $17.2 billion and cash and deposit balances increased to $16.5 billion.
Globe Newswire
Robinhood Markets, Inc. reported record fourth-quarter and full-year 2025 results, underscoring continued momentum in customer growth, platform assets and profitability.

For full year 2025, total net revenues surged 52% year over year to a record $4.5 billion, while diluted EPS reached a record $2.05. Net income totaled $1.9 billion. The company also generated record net deposits of $68.1 billion during the year, reflecting a 35% growth rate relative to total platform assets at the end of Q4 2024.

In Q4 2025, net revenues rose 27% year over year to $1.28 billion. Transaction-based revenues increased 15% to $776 million, driven by strong growth in options revenue (+41% to $314 million), equities revenue (+54% to $94 million) and a more than 300% jump in other transaction revenue to $147 million. Crypto revenues declined 38% to $221 million. Net interest revenue climbed 39% to $411 million, supported by higher interest-earning assets and securities lending activity.

Quarterly net income was $605 million, or $0.66 per diluted share, compared with $916 million, or $1.01 per share, in Q4 2024, which had included a one-time tax and regulatory benefit. Adjusted EBITDA rose 24% year over year to $761 million.

Operationally, funded customers increased 7% year over year to 27.0 million, while investment accounts rose 8% to 28.4 million. Total platform assets jumped 68% to $324 billion, reflecting continued net deposits, acquired assets and higher equity valuations. Robinhood Gold subscribers reached a record 4.2 million, up 58% year over year.

Management highlighted continued product expansion across prediction markets, retirement accounts, advisory services and international markets, positioning the company’s “Financial SuperApp” strategy for further growth in 2026.

Source: Globe Newswire press release
Robinhood Reports August Operating Metrics: Assets Surge, Trading Mixed

Robinhood Markets (NASDAQ: HOOD) reported 26.7 million funded accounts in August, flat month-over-month but up 2.4 million year-over-year, with growth offset by the escheatment of about 180,000 low-balance accounts. Total platform assets rose 2% to $304 billion, more than doubling from last year, while net deposits reached $4.8 billion for the month.

Trading activity was mixed: equity volumes fell 5% from July to $199.2 billion, while options activity remained steady at 195.5 million contracts. Crypto trading showed divergence, with Robinhood app volumes down 18% to $13.7 billion, but Bitstamp exchange volumes up 21% to $14.4 billion.

Margin balances climbed 10% month-over-month to $12.5 billion, while cash sweep balances edged up to $34.1 billion. Securities lending revenue came in at $53 million, down 13% from July but up 165% year-over-year.
Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, after market close.
Robinhood Markets reported strong Q1 2025 results, with total revenues rising 50% year-over-year to $927 million and net income more than doubling to $336 million.

Transaction-based revenues surged 77%, driven by cryptocurrency trading ($252 million), options ($240 million), and equities ($56 million). Average revenue per user rose 39% to $145, while total platform assets grew 70% to $221 billion, aided by record net deposits of $18 billion and the acquisition of TradePMR. Robinhood Gold subscribers reached 3.2 million, up 90%. Adjusted EBITDA rose 90% to $470 million, and the board expanded the share repurchase program by $500 million to $1.5 billion.
Robinhood to Report Q1 2025 Earnings on April 30

Robinhood Markets, Inc. announced it will release its financial results for the first quarter of 2025 on Wednesday, April 30, after market close. A live video call to discuss the results will follow at 2:00 PM PT / 5:00 PM ET. The webcast will be accessible via investors.robinhood.com and streamed on Robinhood’s official YouTube and X.com (@RobinhoodApp) channels.

In advance of the call, shareholders are invited to submit and vote on questions for Robinhood’s leadership through Say Technologies. The Q&A platform opens on April 23 at 2:00 PM PT and will close on April 29 at the same time. Selected top-voted questions will be addressed during the earnings call. Questions about the Q&A process can be directed to [email protected].
Robinhood Expands Credit Facility and Appoints New Board Member

Robinhood Markets, Inc. has amended its existing revolving credit agreement, increasing the total borrowing capacity from $2.25 billion to $2.65 billion, with a potential expansion to $3.975 billion. The updated agreement, entered into on March 21, 2025, with JPMorgan Chase Bank as administrative agent, features a 364-day term and tiered tranches backed by various RHS assets. Interest rates range from Daily Simple SOFR plus 0.10% to higher fixed spreads, depending on the tranche.

In governance updates, Robinhood appointed **John Hegeman** as an independent director, expanding the board to 10 members. Hegeman also joins the Safety, Risk and Regulatory Committee. His appointment was announced in a company blog post on March 25.

The company highlighted its ongoing use of its investor relations site and newsroom for important disclosures under Regulation FD.
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