Robinhood stuns Wall Street with shocking revenue hike originally appeared on TheStreet .
Robinhood Markets (Nasdaq: HOOD), the trading exchange offering stocks and cryptocurrencies, recorded a 45% year-over-year (YoY) hike in its total net revenue for the second quarter of 2025.
The company's net revenue in Q2 2025 stood at $989 million. In contrast, the figure stood at $927 million in Q1 2025 and $682 million in Q2 2024.
Transaction-based revenues rose 65% YoY to $539 million, with crypto transaction revenue rising by an extraordinary 98% to $160 million.
Total platform assets increased 99% YoY to $279 billion, driven by higher equity and crypto valuations, among other factors.
Net income grew 105% YoY to $386 million. Diluted earnings per share (EPS) grew by an astonishing 100% YoY to $0.42.
Its earnings before interest, tax, depreciation and amortization (EBITDA non-GAAP) increased 82% YoY to $549 million.
Robinhood App's crypto notional trading volume rose 32% YoY to $28 billion.
Cash and cash equivalents totaled $4.2 billion, as compared to $4.5 billion at the end of Q2 2024.
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Extraordinary June launch
On June 2, Robinhood closed the acquisition deal of Bitstamp, a leading crypto exchange , at approximately $200 million.
On June 30, the trading exchange launched an array of new crypto products, including over 200 tokenized U.S. stocks and exchange-traded funds (ETFs) to its EU customers, crypto perpetual futures to eligible EU customers, and crypto staking to eligible U.S. customers.
Robinhood chairman and CEO Vlad Tenev said:
“We delivered strong business results in Q2 driven by relentless product velocity, and we launched tokenization— which I believe is the biggest innovation our industry has seen in the past decade.”
Robinhood's chief financial officer Jason Warnick said:
“Q2 was another great quarter as we drove market share gains, closed the acquisition of Bitstamp and remained disciplined on expenses. And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories.”
The HOOD stock, which hit a record high of $113.44 on July 18, closed at $106.10 on July 30 as the company released the earnings report after the closing bell.
Robinhood stuns Wall Street with shocking revenue hike first appeared on TheStreet on Jul 30, 2025
This story was originally reported by TheStreet on Jul 30, 2025, where it first appeared.
