- Robinhood’s Q3 crypto revenue increased to $268 million, more than 300% year-on-year.
- Total net revenue rose to $1.27 billion, driven by crypto, options, and equities.
- Funded customers grew to 26.8 million, reflecting broader platform engagement and account expansion.
Robinhood Markets reported a strong rebound in cryptocurrency trading during the third quarter, with crypto-related revenue climbing to $268 million, up over 300% year-on-year.
Total net revenues reached $1.27 billion, supported by gains in options and equities trading. The company also reported growth in funded accounts, signaling broader platform engagement.
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Q3 Results Show Crypto Revenue Recovery
Robinhood disclosed in its Q3 2025 earnings release that crypto-related revenue reached $268 million, representing more than a 300% increase from the same quarter last year. Total net revenues rose 100% year-on-year to $1.27 billion, while transaction-based revenues increased 129% to $730 million, reflecting contributions from crypto, options ($304 million), and equities ($86 million).
Funded customers grew by 2.5 million to 26.8 million, and investment accounts rose to 27.9 million, according to the company’s SEC Form 10-Q filing. Net income for the quarter increased 271% year-on-year to $556 million, while diluted earnings per share reached $0.61, reflecting broad-based revenue gains.
Initial market response remained mixed after the results were released. Some analysts highlighted that crypto revenue fell short of Wall Street expectations, even as options revenue exceeded estimates, according to Yahoo Finance.
A portion of the retail trading community reacted more favorably.
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“$HOOD is the only platform that has a diverse range of products across crypto, equities, options and prediction markets. They are working hard to keep people in their ecosystem.” Crypto commentator @samsolid57 stated on X.
$HOOD is the only platform that has a diverse range of products across crypto, equities, options and prediction markets.
They are working hard to keep people in their ecosystem.
— Sam Badawi (@samsolid57) November 5, 2025
Other market participants pointed to user profile concerns, arguing that spreads and execution costs remain disadvantages for traders with larger portfolios, as evidenced by public posts on X.
“No one with big portfolio size should be using HOOD. HOOD rips you off on spreads, bad fills, even worse for crypto.” One commentator stated.
no one w