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US-based financial services company Robinhood outperformed Wall Street expectations in the second quarter of 2025.
According to the results announced by the company, significant increases were experienced in revenues and net profit, while remarkable growth was also recorded in the number of users and platform assets.
Here are Robinhood's results, according to LSEG analysts' estimates:
- Earnings per share (EPS): 42 cents (guess: 31 cents)
- Revenue: $989 million (expected: $908 million)
The company's revenue increased by 45% year-over-year to $989 million, while net income increased by 105% to $386 million.
The number of funded customer accounts increased by 2.3 million to 26.5 million, exceeding StreetAccount's forecast of 26.1 million. Investment accounts also grew by 10% year-over-year to 27.4 million.
Total assets on the platform increased by 99% year-over-year to $279 billion. This increase was driven by net deposits, acquired assets, and rising stock and cryptocurrency values.
Total operating expenses increased by 12% to $550 million. Adjusted expenses, excluding stock-based compensation, increased by 6% to $522 million. This increase was attributed to costs related to the Bitstamp acquisition.
Transaction-based revenue exceeded expectations at $539 million, while options revenue exceeded the $250 million estimate at $265 million. However, cryptocurrency revenue was $160 million, and equity revenue fell short of expectations at $66 million.
Net interest income came in at $357 million, beating expectations of $306 million. Adjusted EBITDA increased by 82% to $549 million (guess: $448 million).
Average revenue per user (ARPU) increased by 34% to $151 (expected: $142). Robinhood Gold, which offers high interest rates, instant money transfers, and advanced analytics tools, saw its subscriber base increase by 76% to 3.5 million.
“The third quarter, beginning in July, started with strong momentum. Customers made nearly $6 billion in net deposits and saw intense activity across all transaction categories,” Robinhood CFO Jason Warnick said in a statement.
*This is not investment advice.