Robinhood reports $386M Q2 profit on crypto and Bitstamp boost

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Robinhood Q2 revenue hits $989M

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Andrey Mastykin

31.07.2025

Robinhood reports $386M Q2 profit on crypto and Bitstamp boost — Robinhood's crypto revenue jumps 98%

Robinhood Markets, the U.S.-based fintech company known for democratizing investing, reported strong financial results for the second quarter of 2025. The company’s growth was driven by aggressive product rollouts and the successful completion of its acquisition of crypto exchange Bitstamp.

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In its press release, Robinhood announced total net revenue of $989 million for Q2 2025, representing a 45% increase compared to the same period last year. Transaction-based revenue rose 65% to $539 million, fueled by a 98% surge in cryptocurrency trading revenue and a 46% increase in options trading income. Net income soared 105% to $386 million, and diluted earnings per share doubled to $0.42.

CEO Vlad Tenev highlighted the innovative launch of tokenization, calling it “the biggest innovation our industry has seen in the past decade.” CFO Jason Warnick emphasized the importance of disciplined spending and strong customer engagement as key drivers of profitability. “Q3 got off to a great start in July, with customers increasing their net deposits to around $6 billion and actively engaging across categories,” he added, noting continued positive momentum.

User growth and global expansion

By the end of the quarter, Robinhood had 26.5 million funded customers and 27.4 million investment accounts, both up 10% year-over-year. Total platform assets nearly doubled to $279 billion, supported by strong deposit activity and rising valuations in crypto and equities. Notional crypto trading volume on the Robinhood app increased 32% to $28 billion, while Bitstamp contributed an additional $7 billion following the June acquisition.

The company’s global expansion accelerated. Robinhood launched trading of tokenized shares of over 200 U.S. companies and ETFs across 30 European countries and introduced crypto staking for U.S. customers. A recent agreement to acquire Canadian platform WonderFi underscores Robinhood’s ambition to broaden its digital asset footprint.

Products, spending, and outlook

On the product front, Robinhood Strategies—its new advisory service—surpassed $500 million in assets under management. Robinhood Retirement assets reached $19 billion, and Gold subscription memberships rose to 3.5 million.

The company’s Q2 success also reflected in its margins: adjusted EBITDA climbed 82% to $549 million, while adjusted operating expenses, including stock-based compensation, rose by only 6% to $522 million, despite costs tied to the Bitstamp acquisition.

Taking all factors into account, Robinhood revised its 2025 annual expense guidance to reflect Bitstamp-related costs. The company now expects total adjusted expenses between $2.15 billion and $2.25 billion. With a growing user base, strategic acquisitions, and expanding global presence in crypto, Robinhood remains firmly positioned as a leader in retail investing and digital finance.

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