Robinhood Q3 Revenue Hits Record $1.42B, but Crypto Revenue Halves and Shares Slide 8%
HOOD sits 42% above its 52-week low of $63.515 on elevated volume (1.9× avg).
Summary
Robinhood's Q3 revenue rose 12% to a record $1.42B, with transaction revenue up 19% to $867M on event contracts, options and equities. The offset is crypto: revenue fell about 55% to $120M and volume dropped 38% to roughly $50B, and GAAP EPS slipped to $0.51 even as adjusted EPS came in at $0.60. Shares were down about 8% premarket. Management declined to give a 2026 operating expense outlook, citing uncertainty in forecasting credit loss provisions and potential regulatory costs — that removes a key input for modeling next year. On the regulatory side, the Ohio Casino Control Commission issued a cease-and-desist over sports-related event contracts; Robinhood will stop new Ohio offerings by Nov. 2 while it appeals in federal court. Growth metrics still look strong: 28.7M+ funded accounts, $396B platform assets versus $333B a year ago, 1.3M Gold subscribers, and over $13B of October net deposits so far, about $6B of which came from accounts funded by Michael and Susan Dell.
At the time of this announcement, HOOD was trading at $90.06 on NASDAQ in the Finance sector, with a market capitalization of approximately $82.2B. The 52-week trading range was $63.52 to $150.47. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.