New York, Feb 19, 2026, 14:45 (EST) — Regular session
- Robinhood stock slid roughly 1.5% in Thursday afternoon action
- The brokerage launched free tax filing within its app and pointed to a new concierge pilot designed for more hands-on service.
- Product spend is in focus for traders, who are also eyeing upcoming data on customer assets and net deposits.
Robinhood Markets, Inc. shares slipped 1.5% to $74.05 Thursday afternoon. That move followed a spate of tax-season product announcements and the company’s latest annual filing. So far during the session, the stock’s been changing hands between $73.65 and $76.07.
Tax tools are important for Robinhood right now, as the platform looks to hold onto users during quieter market stretches when trading slows. Wall Street’s watching for any indication the app can attract heftier balances and generate steadier revenue streams less tied to active day trading.
Robinhood turned in its annual report (Form 10-K) on Wednesday, covering the year that ended Dec. 31, 2025. Investors comb through these filings for a deeper look at strategy, risks, and financials than what comes with quarterly releases. (SEC)
On Wednesday, the company announced it’s working with april to let customers file their 2025 federal and state taxes for free through April 15. There’s also a separate pilot: eligible users can get complimentary tax and estate help via the Robinhood Concierge program. “Taxes are one of the biggest, most complicated, and stressful financial moments of the year,” said Oren Naim, Robinhood’s vice president of platforms. Ben Borodach, CEO at april, called the partnership a way to bring april’s “frictionless” filing experience to Robinhood clients. Robinhood clarified it doesn’t handle tax prep itself; April Tax Solutions runs the e-file service. (MarketScreener)
Analysts have been dialing back estimates following the company’s latest earnings and updated spending outlook. Autonomous Research lowered its price target on Robinhood, dropping it to $117 from $128 but stuck with its “Outperform” rating, according to an MT Newswires report on Wednesday. (MarketScreener)
Robinhood shares slid, while similar market-exposed brokers and trading firms lost ground too. Charles Schwab dropped roughly 1.9%. Coinbase gave up 0.3%, despite bitcoin tacking on nearly 1% this day.
Robinhood shares have seesawed since the Feb. 10 earnings release. The company delivered record revenue, but crypto trading numbers disappointed—an area that tends to fluctuate wildly, tied closely to token prices and retail activity. (Reuters)
Still, the tax push isn’t a slam dunk. If few people sign up, those features might fall flat—assets and engagement may stay put, despite the expense. And if support or data issues crop up, that risk could easily turn into a headache during a busy season.
Now, investors are watching for the first signs that these tools actually boost net deposits and keep balances from slipping — key points with the March 15 concierge pilot cutoff and the looming April 15 tax deadline on the horizon.
