Catenaa, Tuesday, February 10, 2026- Robinhood shares fell in post-market trading after the company reported a sharp fourth-quarter slowdown in cryptocurrency activity, even as total revenue reached a quarterly record.
Shares declined about 8% shortly after results were released, dropping from about $85.60 to near $78.80. The move followed earnings that showed crypto as the main area of weakness in an otherwise expanding business.
Total net revenue rose 27% from a year earlier to $1.28 billion. Transaction-based revenue increased 15% to $776 million, supported by strong growth in options and equities trading. Options revenue climbed 41% to $314 million, while equities trading revenue rose 54% to $94 million.
Cryptocurrency transaction revenue fell 38% from a year earlier to $221 million, marking a slowdown from the third quarter, when crypto revenue reached $268 million. Trading volumes showed a similar pattern. Total crypto notional volume reached $82 billion, though much of that activity came from Bitstamp, the exchange Robinhood acquired in mid-2025.
Crypto trading volumes on the Robinhood app declined 52% year over year, reflecting softer retail participation.
Other parts of the platform continued to grow. Net interest revenue rose 39% to $411 million, driven by interest-earning assets and securities lending. Robinhood Gold subscribers increased 58% to a record 4.2 million, lifting subscription revenue.
Funded customers grew 7% to 27 million, while total platform assets climbed 68% to $324 billion. The results highlight a shift in Robinhood’s revenue mix as it relies less on crypto trading swings and expands into banking, retirement products, and new market structures.
