Robinhood posts strong Q1 2025 financial results with major year-over-year growth in revenue, profit, and user engagement.
Robinhood posts strong Q1 2025 financial results with major year-over-year growth in revenue, profit, and user engagement.
Robinhood has posted strong results for Q1 of 2025, following a record-breaking Q4 driven by a surge in crypto trading after Donald Trump’s election. Although Q1 figures did not surpass the previous quarter, they still marked one of the most impressive quarters in the company’s history. Revenues totaled $927 million, down 9% from Q4 but up 50% year-over-year.
Net profit came in at $336 million, a 63% decline from the previous quarter but a 114% increase from Q1 2024. Diluted earnings per share rose 106% to $0.37, reflecting solid underlying growth. The market reacted positively, pushing Robinhood’s shares up by 1% in after-hours trading. Though currently priced around $49, the stock remains below its February high of $66.08, which came before recent market pullbacks.
Nevertheless, Robinhood continues to attract investor confidence, as the Board of Directors expanded its share repurchase program by $500 million to a total of $1.5 billion.
CEO Vlad Tenev stated, “This quarter, we significantly accelerated product innovation,” pointing to new offerings like Robinhood Strategies, Banking, and Cortex. CFO Jason Warnick emphasized disciplined spending and successful acquisitions, noting, “We started the year off strong, driving market share gains, closing the acquisition of TradePMR, and remaining disciplined on expenses. As a result, in Q1 we grew revenues by 50 percent year-over-year and EPS by over 100 percent. It’s also great to see strong customer engagement to start Q2.”
Robinhood’s transaction-based revenues soared 77% year-over-year to $583 million, with crypto trading contributing $252 million, up 100%. Options and equities also posted strong gains, up 56% and 44% respectively. Net interest revenues climbed 14% to $290 million, while other revenues rose 54% to $54 million, boosted by a growing number of Robinhood Gold subscribers, which jumped 90% to 3.2 million.
Operational momentum remained strong, with 1.9 million new funded customers and platform assets reaching $221 billion. Net deposits totaled $18 billion in Q1 alone, growing at an annualized rate of 37%. Meanwhile, the acquisition of TradePMR and the upcoming closure of the Bitstamp deal reflect the firm’s broader ambition to build a global financial ecosystem. Robinhood also continues to enhance its trading platform, including advanced tools in Robinhood Legend and prediction market features. As customer engagement rises, Robinhood appears well-positioned for sustained growth through 2025 and beyond.
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