01—Abstract
Summary
Summary of the 10-K filed February 18, 2026. Cited figures are marked; the original filing is the authoritative source.
Robinhood Markets, Inc. reported strong financial performance for the year ended December 31, 2025, with total net revenues increasing 52% to $4.47 billiona and net income rising 33% to $1.88 billion.
This growth was driven by significant increases in transaction-based revenues across options, cryptocurrencies, and equities, alongside robust net interest revenues benefiting from higher interest-earning asset balances and increased Robinhood Gold subscribers. The company also saw substantial growth in Total Platform Assets, which increased 67% to $322.1 billionb, bolstered by net deposits and strategic acquisitions like TradePMR and Bitstamp, which are expected to accelerate international expansion and broaden service offerings. Looking ahead, Robinhood is focused on expanding its product ecosystem, including advancements in AI-driven tools like Robinhood Cortex and strategic investments in private companies through Robinhood Ventures Fund I.
The company continues to prioritize customer growth and engagement, aiming to become the top platform for active traders and secure greater wallet share among the next generation of investors. Despite facing a complex regulatory environment and market volatility, Robinhood remains committed to its mission of democratizing finance, underscored by its continued investment in technology and strategic global expansion plans.
02—Key points
Key Highlights
- Total net revenues surged 52% to $4.47 billion in 2025, up from $2.95 billion in 2024.
- Net income increased 33% to $1.88 billion in 2025, compared to $1.41 billion in 2024.
- Total Platform Assets grew 67% to $322.1 billion by year-end 2025, up from $192.9 billion in 2024.
- Funded Customers increased by 1.8 million to 27.0 million, and Robinhood Gold Subscribers grew by 58% to 4.18 million.
- The company completed strategic acquisitions of TradePMR and Bitstamp in 2025, enhancing its brokerage and cryptocurrency offerings.
- Key revenue drivers included a 60% increase in transaction-based revenues and a 37% rise in net interest revenues.
- Robinhood continues to invest in growth initiatives, including AI development and international expansion, with plans to open an APAC headquarters in Singapore.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 18, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $4.47B$2.95B | +51.6% |
| R&D Expenses | $355.00M$323.00M | +9.9% |
| Operating Expenses | $2.38B$1.90B | +25.4% |
| Net Income | $1.88B$1.41B | +33.5% |
| EPS (Basic) | $2.12$1.60 | +32.5% |
| EPS (Diluted) | $2.05$1.56 | +31.4% |
| Shares Outstanding (Basic) | 888.50M881.11M | +0.8% |
| Shares Outstanding (Diluted) | 918.78M906.17M | +1.4% |
05—Questions
Frequently Asked Questions
What was Robinhood's financial performance in 2025?
In 2025, Robinhood reported a 52% increase in total net revenues to $4.47 billion and a 33% rise in net income to $1.88 billion, demonstrating significant year-over-year growth. This strong performance was driven by increases in transaction-based revenues across its product offerings and growth in net interest revenues.
How did Robinhood's customer base and assets under custody change in 2025?
Robinhood expanded its customer base in 2025, with Funded Customers increasing by 7% to 27.0 million. Total Platform Assets also saw substantial growth, rising 67% to $322.1 billion, driven by customer deposits, acquisitions, and market appreciation. The number of Robinhood Gold Subscribers also grew significantly, up 58% to 4.18 million.
What were the key strategic moves made by Robinhood in 2025?
In 2025, Robinhood made significant strategic moves including the acquisitions of TradePMR, a RIA custodial platform, and Bitstamp, a global cryptocurrency exchange. These acquisitions are aimed at expanding Robinhood's service offerings, particularly in wealth management and international markets. The company also launched Robinhood Strategies and Robinhood Ventures Fund I, further diversifying its product and investment portfolio.
What are Robinhood's future growth strategies?
Robinhood's growth strategies focus on three key areas: becoming the number one platform for active traders through product innovation and enhanced tools, capturing wallet share for the next generation by expanding its product ecosystem to meet evolving financial needs, and building a global financial ecosystem through international expansion and strategic partnerships. The company is also investing in AI technologies and tokenization to drive future innovation.
06—Continue