Key Takeaways:
Robinhood posted $1.07B Q1 revenue, up 15%, but crypto revenue fell 47% to $134M. Robinhood assets jumped 39% to $307B, showing shift from crypto to equities/options. Robinhood expands Cortex AI and Ethereum L2 in 2026 to drive future growth. Crypto Weakness Reshapes Revenue Mix for RobinhoodThe trading platform said first-quarter revenue rose 15% from a year earlier to $1.07 billion, while net income edged up 3% to $346 million. Diluted earnings per share came in at $0.38. Total platform assets surged 39% to $307 billion, supported by strong net deposits and rising equity valuations.
“Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer,” said Vlad Tenev, Chairman and CEO of Robinhood.
Customer activity remained robust. Net deposits reached $17.7 billion in the quarter, representing a 22% annualized growth rate. Funded accounts increased 6% to 27.4 million, while total investment accounts rose to 29.1 million. Average revenue per user grew 8% to $157.
“In Q1, customers remained engaged and rapidly adopted new products. We believe there are massive opportunities ahead as we invest for the long term, ship products faster than ever to customers, and deliver value for shareholders,” said Shiv Verma, Chief Financial Officer of Robinhood.
In capital markets, Robinhood repurchased $250 million of shares during the quarter and refreshed its buyback authorization to $1.5 billion.
