Robinhood reports 106% year-over-year growth in total platform assets

MENLO PARK - Robinhood Markets, Inc. (NASDAQ:HOOD), now a $96 billion market cap company, announced Wednesday that its total platform assets reached $298 billion at the end of July 2025, representing a 7% increase from June and a 106% surge compared to the same period last year. According to InvestingPro data, the company’s stock has delivered an impressive 519% return over the past year, reflecting strong investor confidence. Analysis from InvestingPro suggests the stock is currently trading above its Fair Value.

The financial services company reported 26.7 million funded customers, adding approximately 160,000 new customers in July and 2.5 million over the past year. Net deposits for July totaled $6.4 billion, reflecting a 28% annualized growth rate relative to June’s total platform assets. The company maintains a healthy gross profit margin of 91.5% and has achieved revenue growth of 59.4% over the last twelve months.

Trading volumes showed significant increases across all categories. Equity notional trading volumes reached $209.1 billion, up 17% from June and doubling year-over-year. Options contracts traded rose to 195.8 million, a 16% monthly increase and 22% annual growth. Crypto trading on the Robinhood app surged to $16.8 billion, more than doubling from June and increasing 217% year-over-year.

Margin balances grew to $11.4 billion, up 20% from June and 111% year-over-year, while total cash sweep balances reached $33.6 billion, a 3% monthly increase and 54% annual growth.

The company’s securities lending revenue for July was $61 million, representing a 13% increase from the previous month and a 190% jump compared to July 2024.

This data was reported as part of Robinhood’s monthly operating metrics, which the company releases to provide transparency on its business performance. The information is preliminary and subject to financial closing procedures.

In other recent news, Robinhood Markets reported impressive second-quarter financial results, surpassing analysts’ forecasts. The company achieved earnings per share of $0.42, significantly higher than the expected $0.30, and generated revenue of $989 million, exceeding the anticipated $908.32 million. Following these results, Citizens JMP raised its price target for Robinhood to $130, highlighting the company’s strong earnings performance. Cantor Fitzgerald also increased its price target to $118, emphasizing Robinhood’s robust second quarter with revenue and adjusted EBITDA exceeding expectations. Mizuho raised its price target to $120, citing notable growth in funded accounts, which increased by 750,000 quarter-over-quarter. Compass Point maintained a Buy rating, noting the effectiveness of Robinhood’s promotional strategy in driving customer acquisition. These developments indicate a positive outlook from multiple analyst firms regarding Robinhood’s financial health and growth trajectory.

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