Robinhood Markets Inc (NASDAQ:HOOD) reported first-quarter financial results Tuesday after market close.
Here are the key highlights.
Robinhood Q1 Earnings
Robinhood reported first-quarter revenue of $1.07 billion, up 15% year-over-year. The revenue total missed a Street consensus estimate of $1.18 billion, according to data from Benzinga Pro.
The company reported earnings per share of 38 cents in the quarter, missing a Street consensus estimate of 46 cents per share.
Transaction-based revenues were $623 million for the first quarter, up 7% year-over-year, broken down as follows:
- Other transaction revenue: $147 million, +320% year-over-year
- Options revenue: $260 million, +8% year-over-year
- Equities revenue: $82 million, +46% year-over-year
- Cryptocurrencies revenue: $134 million, down 47% year-over-year
The other category includes event contracts revenue. Event contracts were a record 8.8 billion traded in the first quarter.
The decline in cryptocurrencies revenue comes with the price of Bitcoin (CRYPTO: BTC) down in the first quarter compared to the end of 2025.
Net deposits were $18 billion in the first quarter. Chief Financial Officer …