Robinhood (NASDAQ:HOOD) is down 8% in premarket after reporting crypto revenue decreased by 38% to $221 million in Q4.
The Earnings Miss
Total revenue rose 27% to a record $1.28 billion in Q4, but crypto dragged performance.
Cryptocurrency transaction revenue fell 38% year-over-year to $221 million, down from $268 million in Q3.
Moreover, total crypto notional volume reached $82 billion, but most came from Bitstamp, the exchange Robinhood acquired mid-2025.
Trading volumes on the Robinhood app itself dropped 52% year-over-year, reflecting weaker retail participation.
Meanwhile, other segments performed. Options revenue rose 41% to $314 million while equities trading climbed 54% to $94 million.
Net interest revenue jumped 39% to $411 million and Robinhood Gold subscribers climbed 58% to 4.2 million.
HOOD Price Forecast
