Robinhood Shares Fall 8% as Q4 Crypto Revenue Drops 38% to $221M
Robinhood’s Q4 cryptocurrency revenue plunged 38% year-over-year to $221 million, sending premarket shares down 8%. Overall revenue climbed 27% to a record $1.28 billion, driven by 41% options growth to $314 million, a 54% equities uptick to $94 million, and a 39% net interest rise to $411 million.
1. Crypto Segment Plunges
Robinhood’s Q4 cryptocurrency transaction revenue fell 38% year-over-year to $221 million as trading activity weakened, with total crypto notional volume at $82 billion largely reflecting Bitstamp volume from the mid-2025 acquisition.
2. Other Segments Drive Growth
Total Q4 revenue reached $1.28 billion, up 27% from a year earlier, fueled by a 41% surge in options income to $314 million, a 54% rise in equities trading revenue to $94 million, and a 39% increase in net interest revenue to $411 million.
3. Subscriber Growth and Market Reaction
Robinhood Gold subscriptions climbed 58% year-over-year to 4.2 million members, yet shares slid 8% in premarket trading following the earnings release as investors weighed the crypto downturn against gains in other segments.