Robinhood Reports Record $2.05 EPS for 2025, Names New CFO Shiv Verma
Robinhood Markets (NASDAQ: HOOD) delivered strong financial results for fiscal year 2025, with earnings per share reaching $2.05 on total revenue of $4.47 billion, according to the company's latest SEC filing. The online brokerage also announced a leadership transition, appointing Shiv Verma as its new Chief Financial Officer.
Key Numbers
The company's full-year 2025 performance showed significant profitability with net income of $1.88 billion on revenue of $4.47 billion. This translates to earnings per share of $2.05 for the fiscal year, demonstrating the company's ability to generate substantial profits in the evolving brokerage landscape.
Quarterly results showed consistent performance throughout 2025. The third quarter delivered particularly strong results with revenue of $3.19 billion and net income of $1.28 billion, translating to $1.39 in earnings per share. The second quarter contributed $1.92 billion in revenue and $0.72 billion in net income, or $0.79 per share.
The revenue trajectory represents meaningful growth for the company, which has successfully diversified its income streams beyond payment for order flow. The $4.47 billion in annual revenue marks a significant milestone for the relatively young public company, which went public in 2021.
Net income margins remained robust throughout the year, with the company converting approximately 42% of revenue into net income for the full year. This profitability level suggests strong operational efficiency and cost management as the company scales its platform.
What Management Said
While the 8-K filing did not include detailed management commentary on the quarterly results, the company scheduled an earnings video call for February 10, 2026, at 5:00 p.m. ET to discuss the financial performance in greater detail.
The most significant management decision disclosed was the CFO transition. The Board of Directors appointed Shiv Verma, age 40, as the new Chief Financial Officer, effective February 6, 2026. Verma has been with Robinhood since 2018, serving as Senior Vice President of Finance and Strategy, and Treasurer, with responsibilities for the Finance, Treasury, Corporate Strategy, and Corporate Development teams.
Verma's appointment represents an internal promotion, suggesting confidence in the existing leadership bench and continuity in financial strategy. His compensation package includes an annual base salary of $500,000, a target annual bonus of 60% of base salary ($300,000), and an annual equity target of $2,350,000, vesting quarterly over four years. This compensation structure aligns his interests with long-term shareholder value creation.
The transition follows the previously announced departure of Jason Warnick, the former CFO, who moved to an advisory role in November 2025 and will remain with the company until September 1, 2026. This extended transition period should ensure smooth continuity in financial operations and reporting.
What to Watch
Several key factors merit attention as Robinhood moves forward under new financial leadership. First, the company's ability to maintain its impressive profit margins will be crucial as competition in the retail brokerage space intensifies. The 42% net income margin achieved in 2025 sets a high bar for future performance.
The CFO transition comes at a critical time as Robinhood continues to evolve its business model. Verma's background in corporate strategy and development, combined with his treasury expertise, positions him well to navigate potential acquisitions or strategic partnerships that could further diversify revenue streams.
Investors should monitor how the company deploys its substantial profits. With $1.88 billion in net income for 2025, Robinhood has significant capital to invest in product development, international expansion, or shareholder returns through buybacks or dividends.
The upcoming earnings call on February 10 will provide crucial insights into management's outlook for 2026, including any guidance on revenue growth, margin expectations, and strategic priorities. Given the strong 2025 results, investors will be looking for signals about whether this performance level is sustainable.
Regulatory developments remain an ongoing consideration for Robinhood. The company's ability to navigate evolving regulations while maintaining profitability will be essential for long-term success.
The appointment of an internal candidate as CFO suggests stability in financial strategy, but Verma will need to quickly establish credibility with investors and analysts as he takes on this critical role during a period of strong financial performance.
*Source: Robinhood Markets, Inc. Form 8-K filed with the SEC on February 10, 2026*
*StockCliff Research*