Robinhood Markets, Inc. is a U.S.–based financial services company founded in 2013 by Vladimir Tenev and Baiju Bhatt. Headquartered in Menlo Park, California, it pioneered commission‑free trading in stocks, ETFs, options, and, later, cryptocurrencies. The company is reshaping the retail‑investing landscape. The platform’s mobile‑first design and zero‑commission model attracted millions of new investors. The platform is helping the company grow to more than 13 million users and positioning it as a major force in democratizing access to markets.
Robinhood continues to expand its offerings, including cash‑management tools and broader financial‑services features. With thousands of employees and billions in annual revenue, the company remains a central player in the fintech ecosystem, serving customers across the U.S., U.K., and EU. Its mission centers on lowering barriers to entry for everyday investors while maintaining a streamlined, technology‑driven trading experience.
Robinhood Fiscal Q4 2025
Robinhood (HOOD) reported strong results for both the fourth quarter and the full year of 2025.
The company delivered record annual revenue of $4.5 billion, with $1.28 billion in Q4 (below expectations).
Earnings also hit new highs, with full‑year diluted EPS reaching $2.05 and Q4 EPS coming in at $0.66 (above expectations).
Net deposits were another standout, totaling $68 billion for the year and $16 billion in the fourth quarter. Also, Robinhood Gold continued to grow rapidly, reaching 4.2 million subscribers.
Highlights:
- Total Q4 net revenues rose 27% year‑over‑year to $1.28 billion, driven by strong options, equities, and other transaction revenues.
- Net interest revenues grew 39% year‑over‑year to $411 million, supported by higher interest‑earning assets and securities lending.
- Q4 net income reached $605 million, though lower than last year due to a prior‑year tax benefit.
- Adjusted EBITDA for Q4 increased 24% year‑over‑year to $761 million.
- Funded Customers grew 7% year‑over‑year to 27 million, and Total Platform Assets surged 68% to $324 billion.
- Net Deposits totaled $15.9 billion in Q4, contributing to $68.1 billion over the past twelve months.
- Robinhood Gold Subscribers climbed 58% year‑over‑year to 4.2 million, reflecting strong adoption of premium features.
- Full‑year revenues increased 52% to $4.5 billion, with full‑year Adjusted EBITDA up 76% to $2.5 billion.
- Product expansion in 2025 fueled momentum across active trading, retirement accounts, advisory products, and global markets.
- Key operating metrics hit records, including margin balances, equity and options volumes, retirement assets, and event contracts traded.
Boards Statements
Vlad Tenev, Chairman and CEO of Robinhood, emphasized that the company’s vision remains unchanged, reaffirming its commitment to building what he describes as the Financial SuperApp. He highlighted that 2025 marked a record‑setting year for the company, with new highs in net deposits, Gold subscribers, trading volumes, revenues, and profits.
Shiv Verma, Robinhood’s Chief Financial Officer, noted that the company closed the year with a particularly strong fourth quarter and that momentum has carried into 2026. He expressed confidence in the company’s strategic direction and enthusiasm for the year ahead, underscoring Robinhood’s focus on delivering high‑quality products for customers while driving profitable growth for shareholders.
Impact on the Stock Market
Even though the company reported strong results, beating earnings expectationsand delivering record annual revenue, the stock fell after the announcement.
The main reason was that Q4 revenue came in slightly below forecasts, which overshadowed the EPS beat.
Investors also reacted to signs of slowing growth in certain areas, especially compared to last year’s unusually strong results, boosted by one‑time tax benefits.
As a result, HOOD shares dropped sharply in pre-market trading. This reflects a market that focused more on the revenue miss than on the company’s overall record‑setting year.
