NASDAQ$HOOD

Robinhood Markets Inc. · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Robinhood reported Q1 2025 total net revenues of $927M with net income of $336M and diluted EPS of $0.37.

Total net revenues were $927 million for the quarter ended March 31, 2025, up from $618 million a year ago, on higher transaction-based and net interest revenues. Net income was $336 million ($0.37 diluted EPS) versus $157 million ($0.18 EPS) in Q1 2024. Crypto, options, and cash sweep balances remain volume drivers.

  • Q1 total net revenues $927M; transaction revenue $583M.
  • Net income $336M; diluted EPS $0.37.
  • Net interest revenue $290M on higher balances and rates.
  • Regulatory and crypto volatility affect engagement metrics.

Headline financials

Total Revenue

$927M

Previous: $618M+50.0%
EPS (adj)

$0.37

Previous: $0.18+105.6%
Funded Customers

25.8M

Previous: 23.9M+7.9%
Investment Accounts

27.0M

Previous: 24.3M+11.0%
Total Platform Assets

$221B

Previous: $130B+70.0%
Net Deposits

$18B

No prior period
Gold Subscribers

3.2M

Previous: 1.7M+90.0%
ARPU

$145.00

Previous: $104.00+39.4%
Net Income

$336M

Previous: $157M+114.0%
Operating Income

$370M

Previous: $158M+134.2%

Revenue & EPS history

Robinhood · Revenue · Quarterly

$927M

Q1 2025+50%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Robinhood · $282M total across 2 segments · Q3 2023

  • Net interest
    $251M+96.1%
  • Other revenue
    $31M+24.0%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.4%

Avg return

Earnings day

-2.8%

Avg return

5 days after

+1.9%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+14.1%

Q4 2024

Best reaction

-16.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-6.7%+14.9%
Q4 2025+0.0%-26.9%-20.8%
Q3 2025-8.8%-7.4%-7.4%
Q2 2025-2.9%-0.6%-2.0%
Q1 2025-5.1%-0.9%+34.7%
Q4 2024+14.1%+2.3%-9.7%
Q3 2024-16.2%-13.2%+33.9%
Q2 2024+3.0%+7.7%+10.1%
Q1 2024-3.8%-6.1%+23.3%
Q4 2023+11.4%-4.1%+50.6%
Q3 2023-12.8%-14.2%+19.7%
Q2 2023-10.3%-11.9%-13.7%
Q1 2023+5.9%-5.0%+3.3%
Q4 2022-4.5%+5.8%-5.2%
Q3 2022+3.4%+0.9%-16.2%
Q2 2022+14.0%+15.0%+6.5%
Q1 2021-10.5%-23.2%-13.6%
Q1 2022+3.1%+6.2%+9.1%
Q4 2019+6.9%+8.4%+14.1%
Q4 2021+2.6%+18.0%-6.4%
Q3 2020-1.7%+4.4%-21.3%
Q3 2021-9.2%-10.4%-28.3%
Q2 2020-4.2%-3.0%-9.2%
Q2 2021-4.2%-3.0%-9.2%
Q4 2020-4.2%-3.0%-9.2%
Q3 2019
Q2 2019
Q1 2019

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