Robinhood reported FY 2025 total net revenues of USD 4.5B, up 52.0% Y/Y, and diluted EPS of USD 2.05, up USD 0.49 Y/Y. Net income (GAAP) for FY 2025 was USD 1.9B, with a 42% net margin. Adjusted EBITDA for FY 2025 was USD 2.5B, up 76.0% Y/Y, with a 56% adjusted EBITDA margin and a 72% incremental adjusted EBITDA margin. Key business metrics as of December 31, 2025 included 27.0M funded customers (+1.8M Y/Y), total platform assets of USD 322B (+67.0% Y/Y), LTM net deposits of USD 68B (35% annualized growth rate), and 4.2M Robinhood Gold subscribers (+58.0% Y/Y). The company also highlighted capital allocation in 2025 of about USD 2.0B, including about USD 650M in share repurchases under a USD 1.5B authorization, about USD 500M in M&A (including TradePMR and Bitstamp, with WonderFi and two Indonesia acquisitions pending close), and about USD 850M toward organic growth (including about USD 450M of customer matches on deposits and transfers and about USD 400M of marketing). Robinhood said it ended Q4 2025 with more than USD 4B of corporate cash, investments, and stablecoin, and reiterated product priorities and initiatives including prediction markets, superapp design, Cortex and social features, family investing, private markets, tokenization and Robinhood Chain, and launching in new markets.

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