Robinhood shares fell 7.66% in after hours on Tuesday to $79.04 after the company reported Q4 net revenue of $1.28 billion that missed Wall Street estimates of $1.34 billion. The move followed a regular session close at $85.60, down 1.1%.
The Robinhood Q4 earnings update also showed a decline in Robinhood crypto revenue.
Crypto-based revenue dropped 38% year over year to $221 million, after the crypto market moved into a longer drawdown starting in October.
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Robinhood reported net income of $605 million for the quarter, down 34% year over year. Earnings per share came in at 66 cents, slightly above analyst estimates of 63 cents.
Robinhood Q4 earnings miss pressures HOOD stock after hours
The HOOD stock reaction centered on the gap between reported revenue and expectations. Robinhood net revenue reached $1.28 billion in Q4, while analysts tracked a higher target of $1.34 billion.
The after-hours drop added to a broader pullback from last year’s peak. The HOOD stock is down more than 42% from its $148.67 high on Oct. 3, based on the price history referenced with Google Finance.
Robinhood still reported year-over-year growth in quarterly revenue. The company said Robinhood net revenue increased 27% from the same quarter last year, even as the market focus stayed on the earnings miss.
Robinhood crypto revenue falls while Bitstamp volumes set a quarterly high
The Robinhood crypto revenue line showed the sharpest decline in the report. Crypto revenue fell to $221 million, down 38% from the prior year, as the crypto market remained weak after October’s downturn.
At the same time, trading activity in crypto still expanded modestly. Robinhood trading volumes for crypto, measured as notional volumes across the app and its wholly owned exchange Bitstamp, rose 3% quarter over quarter to $82.4 billion, which the company described as a record.
Other product activity grew faster than crypto. Equity trade volumes climbed 10% quarter over quarter to $710 billion, and options contracts traded increased 8% to 659 million, according to the company’s quarterly figures.
Robinhood prediction markets and Kalshi push “other” revenue higher in Q4
Robinhood prediction markets contributed to a surge in “other” transaction-based revenue. The company said it launched prediction markets in March through a partnership with Kalshi.
“Other” transaction-based revenue reached $147 million in Q4. That number marked a 375% jump from the same period last year, and it was the first time this category exceeded equity-trading revenue, based on the company’s breakdown.
Vlad Tenev, Robinhood chair and CEO, addressed the company’s direction in a statement. He said, “Our vision hasn’t changed: we are building the Financial SuperApp.”
The quote appeared in the earnings coverage, alongside the Q4 breakdown of Robinhood net revenue, Robinhood net income, and transaction categories.
Full-year 2025 revenue rises as Robinhood reports annual net income
For the full year 2025, Robinhood reported net revenue of $4.5 billion, up 52% from 2024. The company also reported net income of $1.9 billion for the year, up 35% from the prior year.
The annual figures followed a quarter where Robinhood Q4 earnings missed revenue expectations, while Robinhood crypto revenue declined.
The company’s Q4 results also showed stronger growth in non-crypto transaction categories, including Robinhood prediction markets tied to Kalshi.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 11, 2026 • 🕓 Last updated: February 11, 2026
