Crypto

Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb

Adam Forsyth

July 31, 2025

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Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb

Robinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents.

Robinhood has reported total revenue of $989 million, a staggering 45% year-on-year rise and a 7% sequential rise from Q1. On 30 July 2025, Robinhood released “strong business results in Q2 driven by relentless product velocity.”

The company recently launched tokenization. Robinhood CFO Jason Warnick said, “Q2 was another great quarter as we drove market share gains, closed (the $200) million acquisition of Bitstamp and remained disciplined on expenses.”

Crypto revenues almost doubled, reching $160 million – a 98% rise YoY.

And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories,” Warnick added.

The company reported 42 cents, doubling last year’s figure and beating Wall Street’s expectations of 31 cents.

Robinhood, $HOOD, Q2-25. Results:

Adj. EPS: $0.42
Revenue: $989M
Net Income: $386M
Strong quarter driven by crypto and options trading surge, record 3.5M Gold subscribers, and Bitstamp acquisition. pic.twitter.com/NV048RLOA6

— EarningsTime (@Earnings_Time) July 30, 2025

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Kraken To Raise $500M Ahead Of IPO

#Kraken is making waves in the crypto world!

They're raising $500M, valuing the company at $15B, and setting their sights on a potential IPO in early 2026.https://t.co/HLy8q8SwwL pic.twitter.com/V39Obuq6dg

— CCN (@CCNDotComNews) July 30, 2025

Kraken is planning to raise $500 million at $15 billion valuation ahead of potential 2026 initial public offering (IPO).

Moreover, Kraken reported $411.6 million – an 18% YoY increase. The company’s adjusted EBITDA, however, is down 7% YoY to $79.7 million. The company said, “in Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled.”

The company’s platform assets surged 47% YoY to a new high if $43.2 billion. Kraken’s funded accounts increased 37%, reaching 4.4 million active users.

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Key Takeaways

Robinhood’s crypto revenues almost doubled, reaching $160 million—a 98% rise YoY. However, this narrowly missed expectations, as analysts had projected $169 million

Kraken’s adjusted earnings dipped amid softer Q2 trading activity industry-wide—a seasonally slow quarter compounded by macroeconomic headwinds including US tariff impacts and volatility. Still, Kraken’s strong top-line growth, rising trading volumes, and asset inflows highlight solid platform engagement and retention.