In a strong indication of renewed interest from retail investors, Robinhood has announced a staggering 232% year-over-year growth in its cryptocurrency trading revenue for the first quarter of 2025.
Robinhood revealed that its Q1 2025 revenue reached $927 million, marking a 50% increase compared to the previous year, and slightly surpassing expectations. Earnings per share rose to $0.37, a 106% increase year-over-year, while adjusted EBITDA stood at $470 million, a 90% rise. The total revenue from transactions amounted to $583 million, with $252 million coming from crypto trading.
— Wu Blockchain (@WuBlockchain) April 30, 2025
Robinhood’s Resurgence
The trading platform garnered $126 million solely from its crypto department, enabling it to exceed Wall Street’s earnings forecasts and demonstrating robust engagement from digital asset traders.
According to the latest earnings report, Robinhood’s overall net revenue amounted to $618 million, reflecting a 40% increase compared to the same quarter last year. While trades in stocks and options experienced only slight gains, crypto ended up leading the surge, bolstered by rising interest in prominent cryptocurrencies like Bitcoin and Ethereum.
Robinhood’s crypto revival emerges at a time when market trends indicate strengthening confidence among retail users. The platform reported holding $26 billion in crypto assets, significantly up from the previous quarter. Meanwhile, its monthly active users reached 13.7 million, up from 11.8 million in Q4 2024.
“This quarter’s performance reflects the strength of our platform and the growing excitement around crypto,” stated CEO Vlad Tenev during the earnings call, emphasizing their commitment to expand access to digital assets while improving security and transparency.
$HOOD | Robinhood Q1'25 Earnings Highlights
🔹 EPS: $0.37 (Expectation: $0.36) 🟢; UP +106% YoY
🔹 Revenue: $927M (Expectation: $921.7M) 🟢; UP +50% YoY
🔹 Adj EBITDA: $470M (Expectation: $486.3M) 🔴; UP +90% YoY
🔹 Buyback Authorization Increased: +$500M to $1.5B total— Wall St Engine (@wallstengine) April 30, 2025
The revival of Robinhood is particularly noteworthy given its earlier difficulties during the 2022-2023 bearish market when revenue from crypto plummeted significantly. With a resurgence in retail participation and the return of positive market sentiment, it appears the platform is on track to reclaim its status as a major player in crypto trading, especially for newer investors seeking a comprehensive mobile trading experience.
Moving forward, Robinhood aims to enhance its crypto services, considering support for more tokens and expanding staking options, which have gained traction in select international markets. The platform is also exploring educational resources and new features to simplify crypto for novice investors. These strategies could enable Robinhood to tap into a larger segment of the upcoming retail trading community as interest in decentralized finance (DeFi) and blockchain assets continues to grow.
As the crypto landscape heats up in 2025, Robinhood’s rebound may foreshadow a larger movement characterized by retail-driven momentum, a trend closely observed by veterans of cryptocurrency’s previous bull run.
