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.
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.
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. Investing
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. Investing
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. Investing
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.
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.
