Q3 2025 Business Performance - Robinhood's Funded Customers reached 268 million, a 10% increase year-over-year and a sequential increase of 320 thousand[10] - Robinhood Gold Subscribers increased to 388 million, a 77% increase year-over-year and a sequential increase of 400 thousand, representing 145% of Funded Customers[10] - Total Platform Assets reached a record $333 billion, a 119% increase year-over-year and a 19% sequential increase[10, 29] - Net Deposits were a record $204 billion in Q3, translating to a 29% annualized growth rate, and were approximately $68 billion over the last twelve months, translating to a 45% growth rate[10, 48] Q3 2025 Financial Performance - Total Net Revenues reached a record $1274 million, a 100% increase year-over-year and a 29% sequential increase[14, 69] - Adjusted Operating Expenses increased 35% year-over-year to $535 million[14, 83] - Adjusted EBITDA increased 177% year-over-year to a record $742 million[14, 100] - Net income increased by $406 million year-over-year to $556 million, and diluted EPS increased by $044 to $061[14, 97] Share Repurchase and Outlook - The company returned $107 million to shareholders by repurchasing approximately 1 million shares in Q3 2025, and approximately $810 million by repurchasing approximately 22 million shares since starting the repurchase program[115, 116] - The company now expects its 2025 full year Adjusted Operating Expenses and SBC to be approximately $228 billion[96]

Core Insights - Robinhood Markets reported a record third-quarter revenue of $1.27 billion, marking a 100% year-over-year increase and surpassing the consensus estimate of $1.19 billion [2][3] - The company achieved a quarterly earnings per share of 61 cents, exceeding the expected 48 cents [2] Financial Performance - Transaction-based revenue reached $730 million, up 129% year-over-year [2] - Net deposits for the quarter were $20 billion, setting a new record [3] - Average revenue per user increased by 82% year-over-year to $191 [3] Customer Growth - Robinhood Gold Subscribers grew to a record 3.9 million [3] - Funded Customers reached 26.8 million, a 10% increase year-over-year, with total Investment Accounts at 27.9 million, up 11% year-over-year [3] Business Diversification - The company now has 11 business lines generating $100 million or more in annualized revenues [3] - Prediction Markets and Bitstamp each contributed over $100 million in annualized revenues [5] Trading Activity - Event Contracts traded in Prediction Markets more than doubled to 2.3 billion in the quarter, with October totals reaching 2.5 billion [6] - Monthly trading volumes across various segments, including equities and options, set records in October [7] Future Outlook - The company anticipates full-year adjusted operating expenses and share-based compensation to be $2.28 billion [7] - The new CFO, Shiv Verma, will succeed Jason Warnick, who plans to retire next year [8] Revenue Breakdown - Cryptocurrencies revenue was $268 million, up over 300% year-over-year [9] - Options revenue reached $304 million, a 50% increase year-over-year [9] - Equities revenue totaled $86 million, up 132% year-over-year [9]

Core Insights - Robinhood reported third-quarter earnings and revenue that exceeded expectations, with adjusted earnings of 61 cents per share and record revenue of $1.27 billion, representing a 100% increase year-over-year [3][6] - Despite strong overall results, transaction-based revenue of $730 million fell short of the projected $743 million, although it still marked a 129% increase from the previous year [3][6] - The stock experienced a decline of approximately 1% in after-hours trading, having dropped as much as 5% immediately following the earnings report [3][4] Financial Performance - The company achieved record revenue of $1.27 billion, up 100% from the previous year, driven by significant increases in transaction-based revenue [3][6] - Transaction-based revenue was boosted by cryptocurrencies revenue of $268 million, options revenue of $304 million, and equities revenue of $86 million [3][6] - Analysts expect Robinhood to report adjusted earnings of $1.79 per share on revenue of $4.34 billion for the full year, including $2.6 billion in transaction revenue [8] Business Developments - The company is expanding its product offerings, with new business lines such as Prediction Markets and Bitstamp generating approximately $100 million or more in annualized revenue [7] - Robinhood is positioning itself as a comprehensive consumer financial services platform, with plans to expand its prediction markets product internationally [9] - The current fourth quarter is reportedly off to a strong start, with record monthly trading volumes across various segments [7] Management Changes - CFO Jason Warnick will retire next year, transitioning to a strategic advisor role, while Shiv Verma, a long-time finance veteran at Robinhood, will take over as the new CFO [10]

Robinhood Q3 Earnings Top Analysts' Expectations as Crypto Revenue Surges Over 300%► https://t.co/14QBKPBf9a https://t.co/14QBKPBf9a ...

Morgan. So Robin Hood shares falling a little over 2% in after hours trading despite beating on the top and bottom line. The company posted earnings of 61 cents a share above the 53 cents that analysts expected and revenue of 1.27% billion versus the 1.19% billion estimate.Transaction-based revenue that was a little bit light at 730 million despite record trading volume in equities and options. But that shortfall was offset by strong gains in net interest income. Now funded accounts also a slight miss at 26 ...

Morgan. So Robin Hood shares falling a little over 2% in after hours trading despite beating on the top and bottom line. The company posted earnings of 61 cents a share above the 53 cents that analysts expected and revenue of 1.27% billion versus the 1.19% billion estimate.Transaction-based revenue that was a little bit light at 730 million despite record trading volume in equities and options. But that shortfall was offset by strong gains in net interest income. Now funded accounts also a slight miss at 26 ...

Core Insights - Robinhood reported third-quarter earnings with revenue of $1.27 billion, which represents a year-on-year increase of 100% [1] - The company achieved a profit of 61 cents per share, marking a 259% increase compared to the previous year [1] Financial Performance - Revenue doubled year on year to $1.27 billion [1] - Profit per share increased to 61 cents, up 259% from last year [1]

来源：市场资讯 （来源：吴说） 吴说获悉，Robinhood 公布 2025 年第三季度财报，净营收为 12.7 亿美元，超出市场预期，同比增长 100%；GAAP 每股收益为 0.61 美元，同比增长 259%。交易相关收入达 7.3 亿美元，其中加密交易收入 为 2.68 亿美元，同比增长超 300%；期权和股票交易收入分别为 3.04 亿和 8,600 万美元，分别增长 50% 和 132%。调整后 EBITDA 为 7.42 亿美元。平台总资产达 3,330 亿美元，同比增长 119%；活跃投资账 户 2,790 万个。 ...

The retail trading platform's new business lines, prediction markets and Bitstamp, are generating about $100 million in annualized revenue CFO Jason Warnick said. ...

Robinhood Markets (HOOD) stock slipped 1.8% in Wednesday after-hours trading as the company increased its guidance for full-year expenses after its Q3 total operating expenses came in higher than expected. The stock and crypto trading app raised its 2025 guidance for ...