Robinhood has reported Q4 revenue, the platform has crossed $1 billion, a 37% surge from the previous quarter. With a net income of $916 million, the company marks consecutive 5 years of profitability.
Robinhood has marked a milestone in its growth trajectory, hitting an astonishing $1.1 billion in total revenue, which is a 115% rise from last year. The massive rise in cryptocurrency trading, crossing $358 million, an increase of over 700%, plays a major part in this unexpected surge.
The huge surge in Robinhood’s revenue highlights the increased retail interest in crypto, as investors rushed to this trading platform during a market bull. Compared to Q4 2023, the 2025 revenue is more than a tenfold increase. In 2021, the company witnessed a similar peak, but only $233 million, mainly contributed by the Dogecoin trading.
Celebrating the success, CEO Vlad Tenev opened up his view on product innovation, including a new platform for active traders, service expansion in the United Kingdom and Europe, and the launch of the Gold Card. He also added that the company is working on strategies to enable everyone to buy, sell, and hold digital assets, increasing the company’s opportunity and development in the coming years. Jason Warnick, CFO of Robinhood, underlined the company’s steady growth momentum as it enters 2025 with a tempting record-breaking revenue.
In 2024 beginning, the company introduced Ether staking in Europe and also added seven crypto assets in the United States, resulting in a $71 billion crypto notional volume in Q4, 2024, a 700% increase from the previous year.
Q4 Revenue Highlights Robinhood’s Push To Digital Assets
Crypto trading is the main source of Robinhood’s revenue, the company has achieved the largest amount of revenue from crypto than any other sources available on the platform. When the transaction-based revenue crossed $672 million, the options and equities generated $222 million and $61 million respectively.
Europe cryptocurrency staking and seven crypto add-ons in the US have surged the Notional Crypto Volume to 400%. In addition, its agreement to acquire Bitstamp, the world’s oldest crypto exchange contributed to the growth momentum. Waiting for regulatory approval, the transaction is expected to close in the first half of 2025.
The Gold subscription offering has shown tremendous growth, achieving a subscription rate of 2.6 million. The increased user base and engagement propelled the Average Revenue Per User (ARPU), reaching $164. Asset Under Custody reached $193 million, an 88% increase from Q4 2023. The companies plan to expand to Asia and trading for UK customers shows promising growth in 2025.
The company’s strategy to acquire international traders and innovative products like index options and futures trading solidifies its scope among active traders. With the US service expansion, a new platform for active traders, and Gold Card, Robinhood’s goal to enable crypto access to everyone is near to reality.
Robinhood’s alluring Q4 shows how it molded with the dynamics of the market, it also highlights the importance of the platform for increasing the crypto adoption. With the continued momentum and the upcoming projects, we can see Robinhood’s kindled growth in the coming quarters.
