Robinhood Markets said Funded Customers increased to 25.8 million from 23.9 million, a 8% increase, for the quarter ended March 31, 2025, and Total Platform Assets increased to $220.6 billion from $129.6 billion, a 70% increase. The company cited Net Deposits and the TradePMR acquisition as drivers of the Total Platform Assets increase.

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Robinhood Markets said Funded Customers increased to 25.8 million from 23.9 million, a 8% increase, for the quarter ended March 31, 2025, and Total Platform Assets increased to $220.6 billion from $129.6 billion, a 70% increase. The company cited Net Deposits and the TradePMR acquisition as drivers of the Total Platform Assets increase.
Robinhood Markets said Net Deposits for the quarter were $18.0 billion, representing an annualized growth rate of 37% relative to Total Platform Assets at the end of Q4 2024, compared to $11.2 billion in the prior-year quarter, which represented an annualized growth rate of 44%. Over the past 12 months, Net Deposits were $57.3 billion.
Robinhood Markets said transaction-based revenues increased by $254 million, citing increases of $126 million in cryptocurrencies, $86 million in options, and $17 million in equities. The company attributed the cryptocurrency increase to a higher rebate rate from crypto market makers effective in May 2024.
Robinhood Markets said net cash provided by operating activities increased by $1.27 billion compared to the prior-year quarter. The company cited an increase of $967 million in securities loaned and a decrease of $1.31 billion in payables to users as key items.

Key figures

Quarter ended March 31, 2025

Revenue: $927M
Net income: $336M
EPS: $0.37
Operating cash flow: $642M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Funded Customers and Total Platform Assets Rise

Robinhood Markets said Funded Customers increased to 25.8 million from 23.9 million, a 8% increase, for the quarter ended March 31, 2025, and Total Platform Assets increased to $220.6 billion from $129.6 billion, a 70% increase. The company cited Net Deposits and the TradePMR acquisition as drivers of the Total Platform Assets increase.

Source · Based on the MD&A text of the filing

Net Deposits $18.0 billion

Robinhood Markets said Net Deposits for the quarter were $18.0 billion, representing an annualized growth rate of 37% relative to Total Platform Assets at the end of Q4 2024, compared to $11.2 billion in the prior-year quarter, which represented an annualized growth rate of 44%. Over the past 12 months, Net Deposits were $57.3 billion.

Source · Based on the MD&A text of the filing

Transaction-Based Revenues Up $254 million

Robinhood Markets said transaction-based revenues increased by $254 million, citing increases of $126 million in cryptocurrencies, $86 million in options, and $17 million in equities. The company attributed the cryptocurrency increase to a higher rebate rate from crypto market makers effective in May 2024.

Source · Based on the MD&A text of the filing

Operating Cash Flow Increases $1.27 billion

Robinhood Markets said net cash provided by operating activities increased by $1.27 billion compared to the prior-year quarter. The company cited an increase of $967 million in securities loaned and a decrease of $1.31 billion in payables to users as key items.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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