Short answer
Robinhood Markets (HOOD) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.3B (up 100.0% year over year) with net income of $556M.
Q3 2025 key financials · XBRL
- Revenue
- $1.3B
- +100.0% YoY · +28.8% QoQ
- Net income
- $556M
- +270.7% YoY · +44.0% QoQ
- EPS (diluted)
- $0.60
- +252.9% YoY · +42.9% QoQ
Source: XBRL data from the Robinhood Markets (HOOD) Q3 2025 10-Q on SEC EDGAR. USD.
Robinhood Markets Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,274M, up 100% YoY from $637M in Q3 2024
- Net income $556M, up 271% YoY from $150M; operating expenses $639M, up 31% from $486M
- Cryptocurrencies segment best performer: revenues up $207M YoY driven by user growth and volume; equities up $49M; options up $102M
- Cash & cash equivalents $4.33B; operating cash flow $2.575B for nine months, up $1.33B YoY; increased share repurchases by $456M
- Management optimistic with 29% annualized Net Deposits growth, but notes potential Fed rate cuts may negatively impact net interest revenues
Risk Factors
- Newly added risk: SEC Rule 612 quote transparency effective Nov 2025 may contract spreads, reducing PFOF revenue and increasing compliance costs
- Most materially updated risk: Event contracts face escalated regulatory scrutiny and litigation; suspensions/demands from CFTC and states, uncertain jurisdictional status
- Impactful regulatory/legal risk: Multiple SEC and FINRA settlements in 2025 totaling $71 mil penalties, plus $3.76 mil customer restitution, increasing compliance burden
- Operational/market risk: Rapid international expansion (e.g., Bitstamp acquisition June 2025) introduces complex compliance, local customs, fraud, and competitive challenges
- Financial risk: New SEC customer protection rule effective June 2026 requires daily reserve calculations, elevating operational complexity and liquidity management demands
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Robinhood Markets quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.