Robinhood (HOOD) topped temperate analyst estimates in the first quarter of 2025 and reported adjusted earnings per Share of $ 0.37 against forecasts for $ 0.33.

The popular trading platform reported $ 927 million in total revenue, down from $ 1 billion in the fourth quarter, but beat the street expectations of $ 920.1 million. Crypto-related revenue was $ 252 million, an increase of 100% from the previous year.

Transaction -based revenue of $ 583 million slipped 13% from $ 672 million in the fourth quarter.

Robinhood had seen explosive numbers in the fourth quarter, partly thanks to an increase in crypto trade in the middle of Euphoria, originating from US President Donald Trump’s president. But the foam on crypto and traditional markets quickly turned after Trump’s initiation.

The company added $ 500 million to its existing $ 1 billion -dollar repurchase program. To date, Hood has bought back $ 667 million, leaving another $ 833 million under permission.

Robinhood’s monthly crypto oils have historically shown high connection with Coinbase’s (coin) retail volumes, but Barclays analyst Benjamin Buddish believes the coin will have seen a less meaningful fall in trading in the first quarter.

Coinbase reports earnings on May 8 and is expected to send a slight decrease in revenue to $ 2.1 billion from $ 2.27 billion in the previous quarter, while Exchange Volume is expected to have fallen to $ 403.8 from $ 439 billion, according to analysts in the fact.

Hood shares are down by 2.2% in action after hours.