Robinhood Reports Third Quarter 2025 Results

Core Insights - Robinhood Markets, Inc. reported a record revenue of $1.27 billion for Q3 2025, marking a 100% year-over-year increase [1][5] - The company achieved a net income of $556 million, up 271% year-over-year, with diluted EPS rising 259% to $0.61 [1][5] - Robinhood expanded its business lines to 11, each generating approximately $100 million or more in annualized revenues [1][3] Financial Performance - Total net revenues increased 100% year-over-year to $1.27 billion [5] - Transaction-based revenues rose 129% year-over-year to $730 million, driven by significant growth in cryptocurrencies, options, and equities [5] - Net interest revenues increased 66% year-over-year to $456 million, primarily due to growth in interest-earning assets [5] - Other revenues doubled year-over-year to $88 million, largely from increased Robinhood Gold subscribers [5] - Total operating expenses increased 31% year-over-year to $639 million, mainly due to marketing and growth investments [5] Customer Growth and Engagement - Funded customers grew by 2.5 million, or 10%, year-over-year, reaching 26.8 million [5] - Investment accounts increased by 2.8 million, or 11%, year-over-year, totaling 27.9 million [5] - Robinhood Gold subscribers rose by 1.7 million, or 77%, year-over-year, reaching 3.9 million [5][7] Product and Service Expansion - The company launched new products aimed at active traders, including Robinhood Social and AI-driven custom indicators [6] - Robinhood introduced Prediction Markets and Bitstamp, both generating approximately $100 million or more in annualized revenues [3][6] - The company is building momentum internationally, with nearly 700,000 funded customers across the UK and EU [8] Market Position and Strategy - Robinhood's total platform assets increased 119% year-over-year to $333 billion, driven by net deposits and higher asset valuations [5] - The average revenue per user (ARPU) increased 82% year-over-year to $191 [5] - The company is focused on growth investments in new products and international expansion while improving efficiency in existing businesses [15]