Robinhood reported record-breaking Q4 2024 results with total net revenues up 115% year-over-year to $1.01 billion. 

Net income increased over 10X to $916 million, with diluted EPS of $1.01. Transaction-based revenues surged 200% to $672 million, driven by cryptocurrency revenue of $358 million (up 700%) and options revenue of $222 million (up 83%).

The company achieved significant growth metrics with Assets Under Custody increasing 88% to $193 billion, record Net Deposits of $16.1 billion, and Gold Subscribers up 86% to 2.6 million. For full-year 2024, total net revenues increased 58% to $2.95 billion with net income of $1.41 billion.

Key developments include planned acquisitions of Bitstamp and TradePMR, expansion into Asia-Pacific, and the launch of new trading features. The company repurchased $257 million in shares during 2024 and provided a 2025 outlook for Adjusted Operating Expenses and SBC between $2.0-2.1 billion.