Robinhood (HOOD) Q2 2025 earnings
Robinity On Wednesday, he defeated the Wall Street expectations for the second quarter and extended a warm line that made the US technology stock with the best performance this year.
According to the analysts participating in the survey by LSEG, Robinhood’s results are explained below compared to Wall Street forecasts:
- Earning per share: 42 cents and 31 cents are expected
- Revenues: 989 million dollars and 908 million dollars expected
Revenue increased by 105% compared to the same quarter of the previous year, increased from year to 4% to $ 989 million.
The number of funded customers completed the estimation of 26.1 million StreetCount and rose to 2.3 million to 26.5 million. Investment accounts have grown by 10% annually.
Total platform assets have doubled, increased by 99% compared to the previous year, strong net deposits, acquired assets and higher equity and crypto currency values.
Robinhood closes the gap Coin For full -scale reserve management because it goes beyond the retail trade. The company offers an aggressive deposit matches to attract customers from Fidelity and Schwab and grew with tradepmr acquisition.
Total operating expenses increased by 12% to $ 550 million. On a non -GAAP basis, corrected operating expenses and share -based compensation increased by 6% to 522 million dollars, reflecting costs due to Bitstamp intake.
The transaction -based income, a proxy for trade activity, was $ 539 million before Streetccount’s estimation of $ 517 million. The options trade contributed to 265 million dollars, and the estimated $ 250 million, crypto and stock revenues were slightly below estimates and pointed to a slope towards higher margs’ trade.
Crypto currency trade arrived in the light of estimates due to estimates of $ 168 million, and the stocks also missed Streetaccount’s estimated $ 66 million and $ 69 million.
Net interest income was $ 357 million and their expectations were $ 306 million. The corrected EBITDA increased by 82% to $ 549 million, far above $ 448 million estimates.
The average income per user rose to $ 151 with an increase of 34% annually and is based on a $ 142 consensus.
Robinhood Gold subscribers, which provide higher cash sweep rates, larger instant deposits and advanced research tools to customers, increased by 1.5 million with a 76% increase.
“We make a lot of progress in what I call more passive, long -term areas,” CFO Jason Warnick told CNBC. “At the end of the 2nd quarter, we had 19 billion dollars of retirement accounts and we are already over 20 billion dollars. One and a half customers have a pension account and more customers have a lot of fields to establish pension accounts and start to start the benefits early.”
In the company’s call for earnings, Warnick said that Robinhood’s new betting and forecasting markets set out, and customers have been making more than $ 2 billion transactions cumulatively since the launch of approximately 1 billion dollars of contract transactions and launch. He said that his engagement was the most powerful in sports betting, but implying his plans to expand to wider cultural and news -guided markets.
CEO Vlad Tenev said that the company has seen a “great opportunity” in sports betting and has developed technology to support many different types of contract “with its” many different types of contract “with its plans to expand its offers.
In this autumn, Tenev also angry the launch of Robinhood Banking and said the new product would allow customers to bring “more of their assets” to the platform.
“We put this in the full running base in an internal. Really good.” He said. “I think you really will like it. A very innovative offer.”
Despite a winning kick, Warnick said that the costs due to Bitstamp purchase will be 65 million dollars in 2025 and will increase full -year -old operating costs and stock -based compensation costs to $ 2.25 billion to $ 2.25 billion. This does not include the expected costs for the expected Wonderfi purchase or for credit losses.
Robinhood’s shares increased by more than 180% this year and left behind every technology companies worth 5 billion dollars or more after a 192% gain in 2024.
Despite the meteoric rise, Robinhood excluded S&P 500 last month – especially as the competitor Fintech block was added, some investors surprised.
Investors closely monitor the updates of Robinhood’s crypto infrastructure and tokenize financing to the token after the release of synthetic stock coins, especially for Openai and SpaceX. Through Robinhood’s crypto platform, assets traded in Europe provide indirect exposure to users through special purpose vehicles – but immediately recoil.
Openai explicitly rejected the offer by informing users that the coins were not open equality and the company was given without the approval of the company. Robinhood defended the presentation and called it a way to expand access to pre -IPO markets, and said that the program was based on regulatory examination.
WRISTWATCH: Robinhood, Wall Street enters the earnings on his warm line
