Robinhood shares (HOOD) are rising after reporting record first quarter results. The company's cryptocurrency revenue jumped 232% to $126 million, and its net income increased year-over-year.

Robinhood Gold, its subscription service, also gained momentum in the last quarter as subscriber numbers increased. Yahoo Finance hosts Seana Smith and Brad Smith break down the company's earnings report and what it means for its stock valuation.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl