Crypto Revenue of $252M in Q1

Robinhood (HOOD) topped tempered analyst estimates in the primary quarter of 2025, reporting adjusted earnings per share of $0.37 towards forecasts for $0.33.

The fashionable buying and selling platform reported $927 million in complete income, down from $1 billion in the fourth-quarter, however beating Street expectations of $920.1 million. Crypto-related income was $252 million, up 100% from year-ago ranges.

Transaction-based income of $583 million slipped 13% from $672 million in the fourth quarter.

Robinhood had seen explosive numbers in the fourth quarter, in half due to a surge in crypto buying and selling amid euphoria stemming from U.S. President Donald Trump’s presidential win. But the froth in crypto and conventional markets shortly reversed following Trump’s inauguration.

The firm added $500 million to its current $1 billion share repurchase program. To date, HOOD has purchased again $667 million, leaving one other$833 million below the authorization.

Robinhood’s month-to-month crypto volumes have traditionally proven excessive correlation with Coinbase’s (COIN) retail volumes, however Barclays analyst Benjamin Buddish believes the COIN could have seen a much less significant decline in buying and selling volumes in the primary quarter.

Coinbase is reporting earnings on May 8 and is predicted to put up a slight decline in income to $2.1 billion from $2.27 billion in the earlier quarter, whereas change quantity is predicted to have dropped to $403.8 from $439 billion, in accordance with analysts at FactSet.

HOOD shares are down 2.2% in after hours motion.