Robinhood Markets Inc. posted second-quarter revenue that beat Wall Street estimates, boosted by strength in cryptocurrency trading.Total net revenue climbed 45% from a year earlier to $989 million, the company said Wednesday in a statement.

Robinhood’s crypto revenue doubled to $160 million in Q2 2025, fueled by increased trading and a deeper move into tokenized assets. Overall revenue climbed to $989 million, with profit hitting $386 million.

Robinhood reported $160 million in crypto trading revenue. Crypto trading accounted for only 16% of the company’s net revenue last quarter. Vlad Tenev called tokenisation the industry’s biggest innovation.