Robinhood Markets Inc (NASDAQ:HOOD) stock fell 8.03% (As on November 6, 11:17:29 AM UTC-4, Source: Google Finance) after the company reported earnings and revenue that topped forecasts and announced that its CFO would be leaving the company in the first quarter of next year. Transaction-based revenues increased 129% year-over-year to $730 million, primarily driven by cryptocurrencies revenue of $268 million, up over 300%, options revenue of $304 million, up 50%, and equities revenue of $86 million, up 132%. Equities revenue increased 132%. Alongside its results for the third quarter, the company announced that its CFO, Jason Warnick, would be retiring next year and transitioning out of his role in the first quarter. Insider Shiv Verma will take over as CFO after Warnick steps aside. Further, the company 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. The Menlo Park, California-based company’s profit nearly quadrupled to $556 million.

Moreover, Adjusted EBITDA (non-GAAP) increased 177% year-over-year to $742 million. Funded Customers increased by 2.5 million, or 10%, year-over-year to 26.8 million. Investment Accounts increased by 2.8 million, or 11%, year-over-year to 27.9 million. Total Platform Assets increased 119% year-over-year to $333 billion, driven by continued Net Deposits, higher equity and cryptocurrency valuations, and acquired assets. Net Deposits were $20.4 billion, an annualized growth rate of 29% relative to Total Platform Assets at the end of Q2 2025. Over the past twelve months, Net Deposits were $68.3  billion, a growth rate of 45% relative to Total Platform Assets at the end of Q3 2024. Robinhood Gold Subscribers increased by 1.7 million, or 77%, year-over-year to 3.9 million. Average Revenue Per User (“ARPU”) increased 82% year-over-year to $191. Cash and cash equivalents totaled $4.3 billion compared with $4.6 billion at the end of Q3 2024.

HOOD in the third quarter of FY25 has reported the adjusted earnings per share of 61 cents, beating the analysts’ estimates for the adjusted earnings per share of 53 cents, according to Bloomberg data. The company had reported the adjusted revenue growth of 100 percent to $1.27 billion in the third quarter of FY25, beating the analysts’ estimates for revenue of $1.2 billion.

The company raised its forecast for 2025 adjusted operating expenses, including stock-based compensation, to about $2.28 billion from $2.15 billion to $2.25 billion earlier. The company also said the fourth quarter was off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets and futures.