Robinhood, a U.S.-based fintech company known for its commission-free trading platform, has posted a strong set of results for the second quarter, with its total revenue rising 45% to $989 million. The firm shared crypto trading played a big role in the increase in revenue, as more users returned to markets and started trading amid heightened market activity.
The company’s net income doubled to $386 million, or 42 cents per share. Analysts’ surveys had expected lower results, with revenue forecasts averaging $921.5 million. Robinhood’s share price rose over 3% in extended trading following the update.
As per Robinhood’s filing to the U.S. Securities and Exchange Commission (SEC), the firm’s revenue from cryptocurrency trading alone jumped 98% year-on-year to $160 million. This came just short of continuing a streak of triple-digit growth that had lasted five straight quarters. This surge shows that crypto remains a key part of the firm’s business.
Crypto Trading Activity Remains High
June brought attention to Robinhood’s latest blockchain push as the company began offering tokenized equities to users across 30 countries. Tokenized stocks are blockchain-based assets that track the value of any specific company’s shares. These financial instruments lower barriers to international investing by enabling 24/7 fractionalized trading of U.S. equities.
The filing noted that the trading volumes carried into July too as customer activity remained strong.
“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,” said Robinhood’s Chief Financial Officer Jason Warnick in the Q2 2025 earnings release.
Robinhood’s Unique Growth Approach
Robinhood has taken a different approach from some of its rivals in fintech. While others apply for bank charters, the company’s CEO, Vladimir Tenev, said they prefer to work with banks instead of becoming one. He confirmed the company’s partnership with Coastal Community Bank remains central to its strategy for rolling out new banking-style products.
Robinhood’s stock, listed as HOOD, has risen 185% this year. The company’s results come as crypto prices recover and more retail investors return to the market.
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