Robinhood has achieved its highest ever quarterly profit, reporting an astonishing 700% increase in its cryptocurrency revenue during the fourth quarter.
On February 12, 2025, Robinhood released its Q4 and Full Year 2024 Results. The company’s Q4 revenues rose 115% year-on-year to reach a record of $1.01 billion.
FOR THE FIRST TIME EVER
Robinhood $HOOD just had its first quarter with more than $1 Billion of Revenue
— Evan (@StockMKTNewz) February 12, 2025
“Q4 was a record-breaking quarter that concludes a record-setting year in 2024,” said Jason Warnick, Chief Financial Officer of Robinhood.
Robinhood’s cryptocurrency transaction volumes skyrocketed over 400% year-on-year, totaling $71 billion in the last quarter of 2024, buoyed by the launch of seven new crypto assets in the US and the debut of Ethereum (ETH) staking in the EU.
Vlad Tenev, CEO and Co-Founder of Robinhood, commented, “We accelerated our product development in 2024, introducing a platform for active traders, launching the Gold Card, and expanding our product offerings in the UK and EU.”
Additionally, Warnick noted that they achieved new highs for Assets Under Custody, Net Deposits, Gold Subscribers, Revenues, Net Income, Adjusted EBITDA, and EPS.
Major Strategic Moves by Robinhood
Robinhood plans to expand into the Asia-Pacific region in 2025, establishing its headquarters in Singapore. Furthermore, it has recently started to offer options trading to its UK clientele.
In June 2024, the platform announced the acquisition of Bitstamp, which is expected to finalize in the first half of 2025.
“We are entering 2025 with significant momentum as we strive for profitable growth,” Warnick stated.
The company’s guidance for combined Adjusted Operating Expenses and SBC for the full year 2025 is between $2.0 billion to $2.1 billion.
Tenev added, “We see great potential ahead as we aim to enable anyone, anywhere to buy, sell, or hold any financial asset and to conduct any financial transaction via Robinhood.”
Company Expansion in Europe
Robinhood Crypto announced its launch in Spain on January 21, 2025, allowing users in the country to access its trading, staking, and investing services. This move signals the company’s strategy to enhance its European footprint following the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulations in late December 2024.
Johann Kerbrat, General Manager of Robinhood Crypto, emphasized, “With the introduction of crypto transfers in Europe, we are simplifying self-custody and making decentralized finance (DeFi) more accessible for our customers.”
Robinhood is now positioned to provide European users with greater flexibility and control over their digital assets.
