New York, February 10, 2026, 17:19 EST — After-hours
Robinhood Markets (NASDAQ: HOOD) shares were down about 1% in after-hours trading on Tuesday at $85.60, after swinging between $77.51 and $88.19 in the session as the brokerage’s results hit the tape.
The move matters because Robinhood has become a quick read on how hard retail traders are leaning into U.S. equities and options — and how much the pullback in crypto is spilling into mainstream trading apps. Shares fell about 7% after the results before paring losses. (Reuters)
For the quarter ended Dec. 31, Robinhood said total net revenues rose 27% to $1.28 billion, while transaction-based revenues — fees tied to customer trading — grew 15% to $776 million even as cryptocurrencies revenue slid 38% to $221 million. Net income was $605 million, or 66 cents a share, and CEO Vlad Tenev said, “Our vision hasn’t changed: we are building the Financial SuperApp.” The company set 2026 adjusted operating expenses and share-based compensation at $2.6 billion to $2.725 billion and reported preliminary January net deposits of $4.5 billion.
The market focus was less on the earnings beat and more on top-line pressure from crypto. Revenue fell short of Wall Street’s estimate of about $1.35 billion, Barron’s reported, and the stock is down about 24% so far this year. (Barron’s)
Robinhood’s monthly active users fell 13% from a year earlier to 13 million, missing expectations, even as assets on the platform and Gold subscribers grew, Investors.com reported. (Investors)
On Monday, Wolfe Research analyst Steven Chubak upgraded Robinhood to Outperform, saying he wanted to “take advantage of the recent selloff and deterioration in sentiment surrounding the broader crypto ecosystem,” and set a $125 price target. (Investing)
KeyBanc, meanwhile, cut its price target to $130 and said the shares have been “unfairly beaten up,” citing what it called Robinhood’s “relatively moderate exposure to crypto,” while keeping a positive stance on fundamentals. (Investing)
One risk: analysts are still circling the same pressure points. Barclays said new launches “may not be as meaningful from a near-term P&L perspective,” and flagged uncertainty around prediction markets, pointing to “a number of ongoing state-level suits” and recent adverse outcomes for the industry. (Investing)
Investors now turn to management’s video call scheduled for 5 p.m. ET, watching for any fresh color on crypto trading, the pace of spending under the 2026 plan, and whether early-year deposit momentum is holding. (Taiwan News)
Options traders are braced for more churn: implied pricing before the report suggested the stock could swing about 9% in either direction by the end of the week, Investopedia reported — a setup that could keep HOOD in play into Wednesday’s session. (Investopedia)
