Robinhood Markets, Inc.HOODEarnings & Financial Report
Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds, options, index options, futures contracts, event contracts on prediction markets, and cryptocurrency. It also offers cryptocurrency wallets, wealth management, credit cards and other banking services, some in partnership with banks insured by the FDIC, as well as a news website, Sherwood.News.
Revenue
$927.0M
Gross Profit
N/A
Operating Profit
$371.0M
Net Profit
$336.0M
Gross Margin
N/A
Operating Margin
40.0%
Net Margin
36.2%
YoY Growth
50.0%
EPS
$0.37
Financial Flow
Robinhood Markets, Inc. Q1 2025 Financial Summary
Robinhood Markets, Inc. reported revenue of $927.0M (up 50.0% YoY) for Q1 2025, with a net profit of $336.0M (up 114.0% YoY) (36.2% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $927.0M |
|---|---|
| Net Profit | $336.0M |
| Gross Margin | N/A |
| Operating Margin | 40.0% |
| Report Period | Q1 2025 |
Revenue Breakdown
Robinhood Markets, Inc. Q1 2025 revenue of $927.0M breaks down across 8 segments, led by Other at $290.0M (31.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $290.0M | 31.3% |
| Cryptocurrencies | $252.0M | 27.2% |
| Options | $240.0M | 25.9% |
| Equities | $56.0M | 6.0% |
| Robinhood Gold Subscription Revenues | $38.0M | 4.1% |
| Other Transaction Based Revenues | $35.0M | 3.8% |
| Proxy Revenues | $9.0M | 1.0% |
| Other Revenue | $7.0M | 0.8% |
Robinhood Markets, Inc. Revenue by Segment — Quarterly Trend
Robinhood Markets, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Cryptocurrencies) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Other | $365.0M | $456.0M | — | $290.0M |
| Cryptocurrencies | $221.0M | $268.0M | — | $252.0M |
| Options | $314.0M | $304.0M | — | $240.0M |
| Equities | $94.0M | $86.0M | — | $56.0M |
| Robinhood Gold Subscription Revenues | — | $47.0M | — | $38.0M |
Robinhood Markets, Inc. Annual Revenue by Year
Robinhood Markets, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.5B |
| 2024 | $3.0B |
| 2023 | $1.9B |
| 2022 | $1.4B |
Robinhood Markets, Inc. Quarterly Revenue & Net Profit History
Robinhood Markets, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.3B | +26.5% | $605.0M | 47.2% |
| Q3 2025 | $1.3B | +100.0% | $556.0M | 43.6% |
| Q2 2025 | $989.0M | +45.0% | $386.0M | 39.0% |
| Q1 2025 | $927.0M | +50.0% | $336.0M | 36.2% |
| Q4 2024 | $1.0B | +115.3% | $916.0M | 90.3% |
| Q3 2024 | $637.0M | +36.4% | $150.0M | 23.5% |
| Q2 2024 | $682.0M | +40.3% | $188.0M | 27.6% |
| Q1 2024 | $618.0M | +40.1% | $157.0M | 25.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $618.0M | $682.0M | $637.0M | $1.01B | $927.0M | $989.0M | $1.27B | $1.28B |
| YoY Growth | 40.1% | 40.3% | 36.4% | 115.3% | 50.0% | 45.0% | 100.0% | 26.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $46.09B | $41.35B | $43.24B | $26.19B | $27.52B | $35.32B | $41.45B | $38.14B |
| Liabilities | $39.20B | $34.22B | $36.04B | $18.21B | $19.56B | $27.25B | $32.88B | $28.99B |
| Equity | $6.88B | $7.12B | $7.21B | $7.97B | $7.95B | $8.07B | $8.57B | $9.15B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-623.0M | $54.0M | $1.81B | $-1.40B | $642.0M | $3.51B | $-1.58B | $-937.0M |