Robinhood: Customers Traded 1 Billion Contracts in the Past 6 Months

Robinhood Markets has published its Q1 2025 report. Among other things, the trading platform announced that a billion contracts have been traded in the past six months alone.

The Company Kicked 2025 off with a Bang

In the three months ended March 31, Robinhood’s total net revenues reached $927 million, up 50% year-on-year. The company added that transaction-based revenues increased 77% YOY to $583 million, driven by strong crypto, options and equities revenues ($252 million, $240 million, and $56 million, respectively).

Robinhood’s net interest revenues stood at $290 million, up 14% YOY, driven by growth in interest-earning assets and securities lending activity. Other revenues increased 54% YOY to $54 million, driven by more Robinhood Gold subscribers.

In the meantime, Robinhood reported a net income increase of a staggering 114% to $336 million. The company also reported an adjusted EBITDA of $480 million, up 90% YOY. At the same time, its operating expenses increased 21% YOY to $557 million.

Robinhood’s diluted earnings per share increased 106% YOY to $0.37. The company repurchased 7.2 million of its Class A common shares for a total of $322 million.

Robinhood ended the quarter with $4.4 billion in cash and cash equivalents, representing a modest decline from Q1 2024.

The company was unable to provide a clear financial outlook, citing various factors, such as the provision for credit losses and significant regulatory expenses which may be material.

Robinhood Advanced Its Strategy

In Q1 2025, the total number of paying players, Gold subscribers, and deposits increased substantially, highlighting Robinhood’s growth.

In addition to that, the trading platform published several other Q1 highlights, including its continued investment in cutting-edge products. Among other things, Robinhood expanded its prediction markets offering by launching a dedicated hub that allows customers to trade on the outcomes of some of the world’s biggest events.

Robinhood added that over the last six months alone, customers have traded more than 1 billion event contracts.

In the meantime, Robinhood also closed its acquisition of TradePMR, an RIA custodial platform. It also continued to build a global financial ecosystem and expand its international approach.

Robinhood’s board of directors furthermore authorized an additional $500 million in share repurchases.

The Leadership Hailed the Results

Robinhood’s chair and chief executive officer, Vlad Tenev, commented on the results, praising the acceleration of Robinhood’s innovation initiatives and the announcement of Robinhood Strategies, Banking, and Cortex, its new advisory, banking and AI offerings, and hailing the record-breaking customer activity.

Customers have clearly responded — demonstrated by record-breaking net deposits, Robinhood Gold subscriptions, and options volume, as well as robust year-over-year growth in trading across all asset classes.

Vlad Tenev, chair & CEO, Robinhood

Jason Warnick, the company’s chief financial officer, was likewise pleased with the results, highlighting the acquisition of TradePMR and the company’s financial discipline as major accomplishments.