Robinhood Q4 Revenue Misses Estimates, Drops Nearly 8% After Hours, Crypto Revenue Down 38% YoY

BlockBeats News, February 11th, Robinhood announced its fourth-quarter 2025 earnings report, showing a record quarterly net revenue of $1.28 billion, a 27% year-over-year increase, but below Wall Street's expected $1.34 billion. As a result, Robinhood (HOOD) saw its after-hours stock price drop by as much as 7.66% to $79.04, down over 42% from its high of $148.67 on October 3rd.

Looking at the business segments, revenue from the crypto business declined by 38% year-over-year to $221 million, as the crypto market has been in a continuous pullback since October. However, the company's quarterly net profit was $605 million, a 34% year-over-year decrease; earnings per share were $0.66, slightly higher than the market's expected $0.63.

In terms of trading volume, the nominal volume of crypto transactions on the platform and its subsidiary Bitstamp in Q4 increased by 3% to $82.4 billion compared to the previous quarter; stock trading volume during the same period increased by 10% to $710 billion, and options contract volume increased by 8% to 659 million.

Furthermore, driven by trading products such as forecast markets and futures, the company's "other" trading revenue reached $147 million in Q4, a 375% year-over-year increase, surpassing stock trading revenue for the first time.

On an annual basis, Robinhood's 2025 net revenue increased by 52% year-over-year to $4.5 billion, with full-year net income growing by 35% to $1.9 billion. CEO Vlad Tenev stated that the company remains committed to building a "financial super app."