Robinhood Q1 Revenue Hits $1.1B; Deposits $18B as Shares Crash 11%

HOODHOOD

Robinhood reported Q1 net revenue of $1.1 billion, a 15% year-over-year increase, and net deposits of $18 billion. Shares plunged over 11% in a single session after crypto revenue collapsed, despite plans to launch a dividend tracker this year and invest an extra $100 million in its Trump accounts project.

1. Q1 Financial Results

Robinhood reported net revenue of $1.1 billion, a 15% increase year-over-year, and net deposits totaling $18 billion, representing over 20% annualized growth from the prior quarter. These metrics underscore continued user engagement and platform monetization outside its crypto business.

2. Strategic Initiatives Underway

The firm is on track to launch a dividend tracker this year that could accelerate dividend payouts by up to 17 days, while committing an additional $100 million to its Trump accounts project aimed at expanding financial services to younger investors. Robinhood is integrating AI across operations—with over 90% of staff using AI tools—and plans to extend crypto services to Canada and brokerage services to Singapore.

3. Share Price Plunge Following Crypto Weakness

Following a dramatic drop in crypto transaction revenue, Robinhood’s stock fell more than 11% in a single session. The slide reflects investor concern over the company’s crypto segment performance despite solid core trading metrics.

Sources

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