Robinhood reported a 50% year-on-year jump in revenue to $927 million for the first quarter of 2025, fuelled by record net deposits, increased trading activity, and demand for its premium subscription product, Robinhood Gold.
Robinhood Revenues Rise in Q1, Gold Subscribers Hit 3.2m
The number of Gold subscribers rose by 90% to 3.2 million, helping lift other revenues by 54% to $54 million.
Net income more than doubled to $336 million, while diluted earnings per share rose 106% to $0.37.
Customer engagement was also said to be strong, with 1.9 million more funded customers added over the year, bringing the total to 25.8 million.
Investment accounts increased to 27 million, and platform assets surged 70% year-on-year to $221 billion, including $41 billion managed by Registered Investment Advisors on TradePMR’s platform.
Transaction-based revenues climbed 77% to $583 million, driven by a 100% rise in cryptocurrency trading revenues to $252 million, along with solid gains in options and equities trading. Net interest revenues rose 14% to $290 million.
In response to the strong results, Robinhood’s board approved an additional $500 million share buyback, raising its total repurchase authorisation to $1.5 billion.
CEO Vlad Tenev said the company had “significantly accelerated product innovation,” citing the rollout of Robinhood Strategies, Banking, and its AI-powered Cortex platform.
Robinhood also confirmed the Bitstamp acquisition is on track to close mid-year, as the company continues to build a global financial ecosystem.
