Robinhood's Q4 revenue missed expectations, sending its stock nearly 8% down in after-hours trading; crypto revenue declined 38% year-over-year.

According to ME News, on February 11 (UTC+8), Robinhood released its Q4 2025 financial report, showing record net revenue of $1.28 billion, a 27% year-over-year increase, but below Wall Street's expectations of $1.34 billion. As a result, Robinhood's (HOOD) stock price fell as much as 7.66% to $79.04 in after-hours trading, a drop of over 42% from its high of $148.67 on October 3. Looking at the business segments, crypto revenue declined 38% year-over-year to $221 million, as the crypto market entered a sustained correction phase starting in October. However, the company's net profit for the quarter was $605 million, a 34% year-over-year decrease; earnings per share were $0.66, slightly higher than the market expectation of $0.63. In terms of trading volume, the notional cryptocurrency trading volume on the platform and its subsidiary Bitstamp exchange increased by 3% quarter-over-quarter to $82.4 billion in Q4; during the same period, equity trading volume increased by 10% quarter-over-quarter to $710 billion, and options contract trading volume increased by 8% quarter-over-quarter to 659 million contracts. Furthermore, driven by products such as prediction markets and futures, the company's "other" trading revenue reached $147 million in Q4, a year-over-year increase of 375%, surpassing equity trading revenue for the first time. For the full year, Robinhood's net revenue for 2025 increased by 52% year-over-year to $4.5 billion, and net profit increased by 35% to $1.9 billion. CEO Vlad Tenev stated that the company remains committed to building a "financial super app." (Source: ME)