Briefly,
- Robinhood Markets has surpassed Wall Street’s expectation of $827 million for its first quarter in 2025.
- The digital assets division, which generated revenues of $252 millions, slightly exceeding analysts’ expectations, was a major contributor to this growth.
- Following its purchase of Bitstamp in the summer last year, Bitstamp has experienced a 100 percent increase in revenues related to digital assets.
Robinhood's revenue jumped 50% in the first quarter, driven by surging crypto activity, as the trading app beat Wall Street estimates.
Retail brokerage reported $927 millions in revenue. This was higher than the forecast of $920. Earnings also increased to 37 cents per share. The company’s profit surged by 114%, to $336 Million in the last year.
Robinhood’s financial success was partly driven by the crypto-business, which brought in $252 millions in revenue during the first quarter of this year, an increase of 100% over the previous period.
Robinhood’s revenue from crypto is $247.6 million, which was slightly higher than FactSet’s estimate. You may also like To MarketScreener.
Option- and equity-based transaction revenues also increased year over year by respectively 55% and 44 %.
The strong results of the company come in spite of ongoing tensions on trade between Washington D.C., and Beijing. These continue to cause choppy conditions even though some stocks are showing signs that they have recovered from April’s losses.
Stocks and crypto prices have swung between gains and losses since President Donald Trump unveiled tariffs on China and other U.S. trading partners earlier this year—plans he has since partially scaled back.
In the face of geopolitical uncertainty that has shaken global markets, investors are seeking crypto as a hedge against inflation. Meanwhile, gold’s price is surging in terms of its year-to date value.
CoinGecko estimates that the cryptocurrency market reached its local peak of $3.8 billion just prior to President Trump’s January inauguration. shows.
Bitcoin fell as low at $75,100 as early as April. Since then it has rebounded up to about $95,000. It’s still down 13.5% from the all-time price high of almost $109,000 on Trump’s inaugural day in January.
Robinhood began preparing for the growing demand of crypto investors last June. by acquiring the Bitstamp is a global exchange of digital assets In a cash deal worth $200 million
The company was successful last quarter, but not solely due to crypto.
Robinhood Gold—a program that offers IRA matches, professional research tools, and higher cash interest to subscribers for a few dollars per month—also boosted the free-to-trade digital platform’s finances.
It now boasts 3.2 million subscribers.
Robinhood’s shares closed at $49.11 on Tuesday. This is down about 1% over the last 24 hours, but 197% in the past 12 months.
Sebastian Sinclair edited the book
