Robinhood delivered adjusted EPS of 42 cents, beating analyst consensus of 31 cents. The company reported revenues of $989 million, exceeding estimates of $908 million. Funded customers climbed by 2.3 million to 26.5 million, surpassing expectations.
The company’s revenue jumped 45% year-over-year to $989 million, with net income more than doubling to $386 million. Investment accounts grew 10% year-over-year to 27.4 million, while total platform assets nearly doubled, rising 99% from a year earlier to $279 billion.
Robinhood is expanding its wealth management capabilities, closing the gap with Coinbase. The company has been offering deposit matches to attract clients from rival firms, and assets under management have grown with its TradePMR acquisition.
Total operating expenses increased 12% to $550 million, but adjusted EBITDA jumped 82% to $549 million, exceeding estimates of $448 million. Average revenue per user rose 34% year-over-year to $151, topping the consensus.
Robinhood’s growth is driven by its expansion into passive, long-term areas such as retirement accounts and betting markets. The company’s new betting and prediction markets have taken off, with customers trading nearly $1 billion worth of contracts last quarter. CEO Vlad Tenev plans to expand the offerings further.
Despite an earnings beat, shares slipped after Warnick mentioned costs tied to the Bitstamp acquisition. Robinhood is also set to launch its Banking product this fall, which will allow customers to bring more assets onto the platform.
The company’s stock has risen 180% this year, outpacing every tech company valued at $5 billion or more. However, it was excluded from the S&P 500 last month due to concerns over its expansion into crypto infrastructure and tokenized finance.
Source: https://www.cnbc.com/2025/07/30/robinhood-hood-q2-2025-earnings.html