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Robinhood NEWS RELEASE Robinhood Reports Second Quarter 2021 Results 8/18/2021 MENLO PARK , Calif . , Aug. 18 , 2021 ( GLOBE NEWSWIRE ) -- Robinhood Markets , Inc. ( " Robinhood " ) ( NASDAQ : HOOD ) today announced financial results for the second quarter ended June 30 , 2021 . ● ● Total net revenues increased 131 % to $ 565 million in the second quarter of 2021 , compared with $ 244 million in the second quarter of 2020 . Transaction - based revenues increased 141 % to $ 451 million in the second quarter of 2021 , compared with $ 187 million in the second quarter of 2020 . Options increased 48 % to $ 165 million in the second quarter of 2021 , compared with $ 111 million in the second quarter of 2020 . ● ● Cryptocurrencies increased to $ 233 million in the second quarter of 2021 , compared to $ 5 million in the second quarter of 2020 . Equities transaction - based revenue decreased 26 % to $ 52 million in the second quarter of 2021 , compared with $ 71 million in the second quarter of 2020 . Loss before income taxes was $ 464 million in the second quarter of 2021 , compared with income before taxes of $ 58 million in the second quarter of 2020. Costs associated with the change in fair value of convertible notes and warrant liability totaled $ 528 million in the second quarter of 2021 . Net loss was $ 502 million in the second quarter of 2021 , or $ 2.16 per diluted share , compared with net income of $ 58 million , or $ 0.09 per diluted share in the second quarter of 2020 . Adjusted EBITDA ( non - GAAP ) was $ 90 million in the second quarter of 2021 , compared with $ 63 million in the second quarter of 2020 . Net Cumulative Funded Accounts increased 130 % to 22.5 million in the second quarter of 2021 , compared with 9.8 million in the second quarter of 2020 . 1