Robinhood has published its financial results for Q2 2025, highlighting significant growth in cryptocurrency revenue despite a quarterly decline and market challenges.
Cryptocurrency Revenue and Overall Financial Performance
Robinhood reported $160 million in cryptocurrency revenue for Q2 2025, which is a 98% increase from the same period last year. However, it reflects a 36% decline from $252 million posted in Q1 2025. The overall revenue for the company reached $989 million, exceeding analyst estimates by 7.4% and representing a 45% year-over-year increase. Robinhood's net income was $0.42 per share, surpassing Wall Street estimates by over 35%.
Expansion of Robinhood's Crypto Infrastructure
Q2 2025 also saw Robinhood processing $28.3 billion in cryptocurrency trading volume. The firm attributed the quarter-over-quarter decline to broader market headwinds, including ongoing trade conflicts and lower retail risk appetite. The recently completed acquisition of Bitstamp in June is expected to strengthen Robinhood’s global crypto infrastructure moving forward. Additionally, in July, Robinhood launched Ethereum and Solana staking services for retail users to earn passive income.
Overall Business Momentum of Robinhood
By the end of Q2, Robinhood had 26.5 million funded customers, a 9.5% increase from the previous year. Revenue per user rose to $151, demonstrating a 33.1% increase compared to last year. Adjusted EBITDA reached $549 million, reflecting a 55.5% margin. CEO Vlad Tenev cited "relentless product velocity" as a driver of growth, labeling tokenization as the most important innovation in the industry over the past decade.
Despite temporary challenges with cryptocurrency activity, Robinhood exhibits positive growth trends and focuses on expanding its services, positioning the company advantageously for future development.
