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Robinhood, the trading and prediction market platform, has announced its Q3 financial results for 2025. Headlining the quarterly report is that revenue is up “100% year-over-year to a record $1.27 billion”. Helping this along is that Robinhood now has “11 business lines,” making around $100 million or more in annual revenue.
Robinhood Markets has just released financial results for the third quarter of 2025.
Check out the highlights from @vladtenev below, and catch our earnings call live at: https://t.co/pFOYygGBa9 pic.twitter.com/zgSRLqB6yI
— Robinhood (@RobinhoodApp) November 5, 2025
Speaking in the press release, Vlad Tenev, the Chairman and CEO of Robinhood, said:
“Our team’s relentless product velocity drove record business results in Q3, and we’re not slowing down — Prediction Markets are growing rapidly, Robinhood Banking is starting to roll out, and Robinhood Ventures is coming.”
Adding to Tenev’s comments, Jason Warnick, the Chief Financial Officer, said:
“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues.
“And Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances.”
Kalshi and Robinhood are about to get closer
Robinhood’s explosion in growth is thanks to the partnership it’s built with Kalshi. Rather than providing its own prediction market for people to gamble on, it piggybacks off of Kalshi, letting people make bets within the Robinhood ecosystem rather than directly through Kalshi.
Robinhood Markets, Inc. Q3 2025 Earnings Call https://t.co/rMTgNiQCUU
— Robinhood (@RobinhoodApp) November 5, 2025
In Q3 alone, Robinhood saw event contracts being traded more than double to 2.3 billion. The report claims that October 2025 saw this hit 2.5 billion alone, “more than all of Q3 2025.”
Robinhood will now begin to increase its investments in the prediction market game, as it shows no signs of slowing down. It expects that its full year 2025 Adjusted Operating Expenses and Stock Base Compensation (SBC) will total $2.28 billion.
Kalshi and Polymarket, the two leading prediction markets, have generated billions over the last year. While it is technically gambling, it’s overseen by the Commodity Futures Trading Commission, allowing for prediction markets to provide gambling options not typically allowed in several states. As such, when it began to host sports and NFL bets, it saw revenue spike in the first week that matched the entirety of its bets on the presidential election in November 2024.
Featured image: Robinhood, Pexels
