(AsiaGameHub) –   Robinhood commenced 2026 with robust momentum, reporting first-quarter revenue of $1.07 billion, marking a 15% increase year-on-year. Net income saw a 3% rise to $346 million, with diluted earnings per share reaching $0.38.

User engagement remained strong, evidenced by a growth in funded accounts to 27.4 million and a 39% surge in total platform assets, which climbed to $307 billion.

CEO Vlad Tenev stated:

Fueled by our continuous product development and innovation, Robinhood is increasingly becoming central to our customers’ financial lives, particularly as we enter the initial stages of the Great Wealth Transfer.

During the first quarter, Robinhood recorded over $17.7 billion in new net deposits, a 22% increase compared to the previous year, bringing its total net deposits to over $67.8 billion by the quarter’s end.

CFO Shiv Verma commented that Robinhood is experiencing widespread growth across its platform, with ongoing adoption of equities and options, alongside significant new volume in emerging products such as prediction markets, futures, and index options.

Robinhood’s premium subscription service continues its expansion, with the total number of Gold Subscribers increasing by 36% year-on-year to 4.3 million.

Operating expenses rose by approximately 18% ($656 million), attributed to substantial marketing and customer acquisition efforts. Adjusted EBITDA saw an increase of approximately 14% ($534 million).

At the close of the quarter, the company held $5.0 billion in cash and equivalents and had completed its share repurchase program, totaling $1.5 billion.

The company outlined its 2026 strategy, which centers on the development of new, innovative products and the growth of deposits, supported by additional investment in new initiatives such as Trump Accounts.