TechFlow, May 1 — According to The Block, Robinhood released its first-quarter 2025 financial results on Wednesday, showing that its crypto business generated $252 million in revenue, a 100% year-on-year increase but down from $358 million in the fourth quarter of 2024.
Robinhood's crypto trading volume reached $46 billion in the first quarter, up 28% year-on-year but notably lower than the previous quarter's $70 billion. In contrast, the company's stock trading volume surged 84% year-on-year to $413 billion. For the full year 2024, Robinhood's crypto trading volume exceeded $141 billion, driven largely by strong growth in the fourth quarter.
Robinhood reported total revenue of $927 million for the first quarter, a 50% year-on-year increase, with diluted earnings per share of $0.37, up 10% year-on-year—both figures surpassing market expectations. CFO Jason Warnick said: "We delivered a strong start to the year, expanded our market share, completed the acquisition of TradePMR, and maintained disciplined spending."
According to JPMorgan analysis, uncertainty surrounding U.S. fiscal policy in March dampened trading activity, leading to "risk-off sentiment in the latter part of the quarter weighing on crypto ecosystem market valuations and reducing activity levels."
Robinhood's stock has risen 21% year-to-date, closing at $49.11 on Wednesday, giving the company a market capitalization of $43.6 billion. The company also increased its share buyback authorization by $500 million to $1.5 billion, reflecting management's confidence in its financial strength and future growth prospects.
