US neobroker Robinhood Markets Inc (NASDAQ:HOOD) has released its much anticipated results for the third quarter of 2025, showing record Revenues alongside continued improved profitability.

Revenues at Robinhood came in at $1.27 billion for Q3 2025, up by 29% from what was a strong Q2. Net Profit totaled $556 million in Q3, 44% up on Q2 and the company’s second most profitable quarter ever.

New CFO

There was one management surprise included with the results release, as well regarded CFO Jason Warnick announced his intention to retire next year. Jason will transition from his role as CFO in Q1 2026, and will continue as a strategic advisor for the Company through September 1, 2026. The Company will name long-time Robinhood finance veteran Shiv Verma as the next CFO.

Vlad Tenev, Chairman and CEO of Robinhood said,

“Our team’s relentless product velocity drove record business results in Q3 and we’re not slowing down – Prediction Markets are growing rapidly, Robinhood Banking is starting to roll out, and Robinhood Ventures is coming.”

Jason Warnick, Chief Financial Officer of Robinhood said,

“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines—Prediction Markets and Bitstamp—that are generating approximately $100 million or more in annualized revenues. And Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances.”

Robinhood Revenues Q3 2025

On the Revenue side of things, total net revenues increased 100% year-over-year to $1.27 billion. Transaction-based revenues increased 129% year-over-year to $730 million, primarily driven by cryptocurrencies revenue of $268 million, up over 300% y-o-y (and well above Q2 crypto revenue of $160 million), options revenue of $304 million, up 50%, and equities revenue of $86 million, up 132%.

Robinhood also benefitted from the continued higher interest rate environment, with net interest revenues increasing 66% year-over-year to $456 million, primarily driven by growth in interest-earning assets and securities lending activity, partially offset by lower short-term interest rates. Other revenues increased 100% year-over-year to $88 million, primarily due to increased Robinhood Gold subscribers.

Event Contracts

Robinhood reported that in Q3 2025, total Event Contracts traded more than doubled sequentially to 2.3 billion. Post Q3, October 2025 trading totaled 2.5 billion Event Contracts, more than all of Q3 2025.

As we have recently reported, Robinhood has been aggressively expanding its Event Contracts portfolio, to include betting on Sports events, Politics, and Entertainment.

Q3 highlights

Some other financial and operating highlights from Q3 at Robinhood include:

• Funded Customers increased by 2.5 million, or 10%, year-over-year to 26.8 million.
• Investment Accounts increased by 2.8 million, or 11%, year-over-year to 27.9 million.
• Total Platform Assets increased 119% year-over-year to $333 billion, driven by continued Net Deposits, higher equity and cryptocurrency valuations, and acquired assets.
• Net Deposits were $20.4 billion, an annualized growth rate of 29% relative to Total Platform Assets at the end of Q2 2025. Over the past twelve months, Net Deposits were $68.3 billion, a growth rate of 45% relative to Total Platform Assets at the end of Q3 2024.
• Robinhood Gold Subscribers increased by 1.7 million, or 77%, year-over-year to 3.9 million.
• Average Revenue Per User (“ARPU”) increased 82% year-over-year to $191.

The markets seemed somewhat ambivalent to Robinhood’s results release, with the company’s shares basically flat in after-market trading on Wednesday, at around $141-$142 per share. Robinhood shares are up more than 50% since the beginning of Q3 2025, and more than 280% year to date in 2025.

Robinhood’s full results release for Q3 2025 can be seen here.