Robinhood Slides ~7% Premarket as Q3 Revenue and EPS Miss, Crypto Revenue Halves
HOOD sits 39% above its 52-week low of $63.515.
Summary
Robinhood's Q3 came in light where it counted: revenue of $1.42B (up 12% year over year) missed the $1.43B consensus, and GAAP diluted EPS of $0.51 fell 16% and missed the $0.55 estimate. Crypto was the hole — transaction revenue dropped 55% to $120M and crypto notional volume fell 38% to $50B, while app trading volume slid 48% to $21B. Options ($399M, +31%) and equities ($121M, +41%) grew, and event contracts contributed $173M, but not enough to offset the crypto slump. Costs added pressure: operating expenses rose 16% to $739M, faster than revenue, and net interest revenue fell 9% to $415M. Management said early Q4 trading spreads had tightened, which would trim per-transaction revenue, and cut the top end of its FY2026 adjusted opex and stock-based comp range by $25M to $2.675B–$2.75B. Shares closed at $94.56 on Oct 27 and were down roughly 7-8% premarket, below $90.
At the time of this announcement, HOOD was trading at $88.60 on NASDAQ in the Finance sector, with a market capitalization of approximately $85B. 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: Coinpedia.