In 2025, Robinhood reported record revenues of $4.5 billion, with $1.28 billion in Q4. Diluted EPS reached $2.05 for the year, including $0.66 in Q4. Net deposits hit $68 billion in 2025, $16 billion in Q4. Robinhood Gold subscribers peaked at 4.2 million. Financial results were announced by CEO Vlad Tenev and CFO Shiv Verma. Q4 saw total net revenues increase by 27% to $1.28 billion, with net interest revenues up 39% to $411 million and other revenues up 109% to $96 million. Adjusted EBITDA grew 24% to $761 million in the same period. Funded Customers increased by 7% year-over-year to 27 million, Investment Accounts by 8% to 28.4 million, and Total Platform Assets by 68% to $324 billion. Net Deposits were $15.9 billion in Q4, $68.1 billion over the past twelve months. Robinhood Gold Subscribers grew by 58% to 4.2 million. Cash and cash equivalents remained at $4.3 billion. Share repurchases totaled $100 million in Q4. Full-year results saw total net revenues increase by 52% to $4.5 billion, with net income at $1.9 billion and diluted EPS at $2.05. Total operating expenses increased by 25% to $2.38 billion. Adjusted EBITDA grew by 76% to $2.5 billion. Share repurchases totaled $653 million, representing 12 million shares. Product Expansion drove strong momentum in 2025, with Robinhood becoming the #1 Platform for Active Traders, #1 in Wallet Share for the Next Generation, and #1 Global Financial Ecosystem. Additional Q4 operating data showed growth across various metrics, including Robinhood Retirement AUC, Cash Sweep, Margin Book, Equity Notional Trading Volumes, Options Contracts Traded, Crypto Notional Trading Volumes, and Event Contracts Traded. Preliminary January 2026 operating data showed continued growth in Net Deposits, Margin Book, Equity Notional Trading Volumes, Options Contracts Traded, Crypto Notional Trading Volumes, and Event Contracts Traded. CFO Shiv Verma was appointed Chief Financial Officer, effective February 6, 2026, following the retirement of former CFO Jason Warnick. Robinhood will host a video call today to discuss its results. The company provided a financial outlook for 2026, focusing on accelerating product velocity, driving Net Deposit growth, and growing revenues. Adjusted Operating Expenses and SBC for 2026 are projected to be $2.6 billion to $2.725 billion, representing 18% year-over-year growth. Non-GAAP financial measures were used to supplement GAAP financial information. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Operating Expenses, and Adjusted Operating Expenses and SBC were key metrics analyzed. Forward-looking statements were provided regarding Robinhood’s financial performance and strategic plans. Key performance metrics such as Funded Customers, Total Platform Assets, Assets Under Custody, Net Deposits, ARPU, and Robinhood Gold Subscribers were defined and explained. Glossary terms, including Investment Accounts, Robinhood Gold Adoption Rate, and Growth Rate and Annualized Growth Rate with respect to Net Deposits, were outlined.

Read more at GlobeNewswire: Robinhood Reports Fourth Quarter and Full Year 2025