Robinhood Posts Strong Q4 Growth Despite Crypto Trading Decline

Robinhood Markets Inc. reported a 27% year-over-year revenue increase to $1.28 billion in Q4, capping a record year with $4.5 billion in total revenue—a 52% surge from 2024. While net income dipped to $605 million from $916 million due to a one-time tax benefit in the prior year, adjusted EBITDA ROSE 24% to $761 million as the platform expanded its user base and diversified revenue streams.

Transaction-based revenue grew 15% to $776 million, led by a 41% jump in options trading and a 54% surge in equities. Crypto trading proved the sole weak spot, falling 38% to $221 million amid broader market volatility. Net interest revenue climbed 39% to $411 million, fueled by securities lending and interest-earning assets.

The platform added 7% more funded accounts, reaching 27 million, while assets under custody ballooned 68% to $324 billion. 'We're seeing the flywheel effect of product diversification,' said CEO Vlad Tenev, noting Robinhood Gold subscriptions now generate $50 million quarterly—a 56% increase.