Early Access

10-KPeriod: FY2025

Robinhood Markets, Inc. Annual Report, Year Ended Dec 31, 2025

Filed February 18, 2026For Securities:HOOD

Summary

Robinhood Markets, Inc. reported strong financial performance for the year ended December 31, 2025, with total net revenues increasing 52% to $4.47 billion 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 billion, 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.

Key Highlights

  • 1Total net revenues surged 52% to $4.47 billion in 2025, up from $2.95 billion in 2024.
  • 2Net income increased 33% to $1.88 billion in 2025, compared to $1.41 billion in 2024.
  • 3Total Platform Assets grew 67% to $322.1 billion by year-end 2025, up from $192.9 billion in 2024.
  • 4Funded Customers increased by 1.8 million to 27.0 million, and Robinhood Gold Subscribers grew by 58% to 4.18 million.
  • 5The company completed strategic acquisitions of TradePMR and Bitstamp in 2025, enhancing its brokerage and cryptocurrency offerings.
  • 6Key revenue drivers included a 60% increase in transaction-based revenues and a 37% rise in net interest revenues.
  • 7Robinhood continues to invest in growth initiatives, including AI development and international expansion, with plans to open an APAC headquarters in Singapore.

Frequently Asked Questions