Robinhood has announced strong financial results for the third quarter of 2025, driven primarily by a surge in cryptocurrency transactions. Revenue from crypto trading jumped 300% to $268 million, contributing to the company’s total revenue of $1.27 billion.
Compared to Q3 2024, overall transaction revenue rose by 129% to $730 million. Revenue from options trading increased by 50% to $304 million, while securities trading grew 132% to $86 million. The company’s net income reached $556 million, up 271% year-over-year, with earnings per share (EPS) of $0.61, surpassing analyst expectations of $0.53.
For comparison, Q2 2025 showed more modest growth, with crypto revenue increasing 98% year-over-year and net income at $386 million. Robinhood’s total assets also climbed to $333 billion, marking a 119% increase from Q3 2024, alongside gains in the number of premium clients and average revenue per user (ARPU).
During the Q3 earnings call, executives were asked about the potential creation of a crypto reserve similar to treasury-backed structures (DAT). Robinhood’s VP of Finance and Strategy, Shiv Verma, indicated that the company is taking a cautious approach, noting that acquiring crypto assets requires capital and carries inherent risks.
Despite a temporary dip in Robinhood’s stock price on November 5, shares rebounded in pre-market trading, showing a daily gain of over 4%.
The results underscore Robinhood’s growing reliance on cryptocurrency trading as a key driver of revenue and its ongoing focus on strategic financial planning in the evolving crypto market.
