New York, February 10, 2026, 17:19 EST — Trading after hours
Shares of Robinhood Markets (NASDAQ: HOOD) dipped roughly 1% in after-hours trading Tuesday, settling at $85.60. During the session, the stock fluctuated between $77.51 and $88.19 as the brokerage’s earnings came in.
This matters because Robinhood offers a fast snapshot of just how aggressively retail traders are diving into U.S. stocks and options — and how the crypto selloff is bleeding into everyday trading platforms. After the earnings came out, shares dropped roughly 7% before clawing some ground back. 1
Robinhood reported total net revenues of $1.28 billion for the quarter ending Dec. 31, marking a 27% increase. Transaction-based revenues, which come from customer trading fees, rose 15% to $776 million, despite a 38% drop in cryptocurrency revenue to $221 million. Net income hit $605 million, or 66 cents per share. CEO Vlad Tenev reiterated, “Our vision hasn’t changed: we are building the Financial SuperApp.” The firm projected adjusted operating expenses and share-based compensation for 2026 to range between $2.6 billion and $2.725 billion. Additionally, preliminary net deposits for January totaled $4.5 billion.
Investors zeroed in less on the earnings beat and more on the hit to revenue from crypto headwinds. Revenue missed Wall Street’s $1.35 billion target, according to Barron’s, and the stock has slid about 24% this year.
Robinhood’s monthly active users dropped 13% compared to last year, hitting 13 million and falling short of forecasts, Investors.com reported. Despite this, both assets on the platform and Gold subscribers saw growth. 2
On Monday, Wolfe Research’s Steven Chubak upgraded Robinhood to Outperform, aiming to “take advantage of the recent selloff and deterioration in sentiment surrounding the broader crypto ecosystem.” He set a price target of $125. 3
KeyBanc lowered its price target to $130, arguing the stock has been “unfairly beaten up.” The firm pointed to Robinhood’s “relatively moderate exposure to crypto” while maintaining a bullish view on the company’s fundamentals. 4
One concern remains: analysts keep focusing on familiar pressure points. Barclays noted that new launches “may not be as meaningful from a near-term P&L perspective,” while highlighting uncertainty around prediction markets due to “a number of ongoing state-level suits” and recent setbacks in the sector. 5
Investors are focusing on management’s video call at 5 p.m. ET, eager for updates on crypto trading, how quickly the 2026 spending plan is unfolding, and whether the deposit momentum from earlier this year is still intact. 6
Options traders are gearing up for volatility: implied pricing ahead of the report indicated the stock might move roughly 9% up or down by week’s end, Investopedia noted — a scenario likely to keep HOOD active through Wednesday’s session. 7
