Record quarterly revenue beats estimates as event contracts surge over 10x year-over-year to $156 million.
Robinhood reported Q2 2025 revenue of $1.31 billion, a 32% year-over-year increase, surpassing the $1.26 billion estimate. The growth was driven by a 10x surge in event contracts, which reached $156 million, offsetting a 38% decline in crypto revenue to $100 million.
Net income rose to $573 million, or $0.62 per share, from $386 million and $0.42 per share in the prior year. Platform assets grew to $369 billion, while net deposits increased to $21.7 billion. Transaction-based revenues climbed 44% to $776 million.
The company expanded Robinhood Chain with tokenized stocks and decentralized lending, signaling a push into new crypto and prediction market products despite weaker crypto trading volumes.