Robinhood Q4 Revenue Climbs 27% to $1.28B, Crypto Revenues Drop 38%
Robinhood’s Q4 revenue rose 27% year-over-year to $1.28 billion, driven by a 109% jump in Other Revenues from 4.18 million Gold subscribers, while crypto revenues plunged 38% as Bitcoin failed to break back above $70,000. The firm ended the quarter with $4.3 billion in cash after $100 million in buybacks and maintained an Outperform rating with a $160 target.
1. Q4 Financial Results
Robinhood reported Q4 revenue of $1.28 billion, up 27% year-over-year. Diluted EPS was $0.66 versus $1.01 in the prior year period, noting last year’s EPS benefited from tax advantages.
2. Gold Subscription Growth
Other Revenues, which include the Gold subscription service, surged 109% year-over-year as subscriber count rose by 1.5 million to 4.18 million. This segment was the primary driver of overall revenue growth in the quarter.
3. Crypto Revenue Decline and Outlook
Crypto trading revenue fell 38% year-over-year, influenced by Bitcoin’s inability to sustain levels above $70,000. Analysts project the crypto business could rebound by Q2 2026, while the prediction markets arm may reach $1 billion in annual revenue this year.
4. Cash Position and Share Repurchases
The company closed the quarter with $4.3 billion in cash and equivalents after spending $100 million on share repurchases. Since launching the buyback program in Q3 2024, Robinhood has returned $910 million and repurchased 22 million shares.