Robinhood has announced its financial results for the first quarter of 2025.
The company posted revenue of $927 million, up 50% YoY, beating analyst expectations of $921.7 million, while earnings per share (EPS) rose 106% to $0.37, beating estimates of $0.36.
Robinhood, which generated $583 million in total transaction-based revenue, saw its strongest items being cryptocurrency trading ($252 million) and options trading ($240 million). Crypto revenue was up 100% YoY, while options revenue was up 56%. Equity revenue was up 44%, to $56 million.
The company’s adjusted EBITDA figure increased by 90% to $470 million, but this figure fell short of the market expectation of $486.3 million. Operating expenses reached $460 million, up 16% annually.
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Robinhood’s total customer investments reached $221 billion, up 70% annually. The platform saw an all-time high with net deposits of $18 billion. The number of customers rose to 25.8 million, and the total number of investment accounts rose to 27 million.
The number of users subscribing to the company’s premium service Robinhood Gold increased by 90% to 3.2 million, while the average revenue per user (ARPU) was recorded at $145.
Robinhood has increased its stock repurchase authorization by $500 million, bringing its total to $1.5 billion. $322 million worth of stock repurchases were made in the first quarter of 2025, bringing the total to $667 million.
“We had a strong start to the year with 50% revenue and 106% EPS growth. Disciplined expense management coupled with expanded share repurchases reflect our confidence in our long-term growth,” said CFO Jason Warnick.
*This is not investment advice.
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