The stock of Robinhood Markets (HOOD) is down 8% after the electronic trading platform reported mixed financial results.
The brokerage announced earnings per share (EPS) of $0.66 U.S. for the fourth quarter of 2025, which topped the $0.63 U.S. expected on Wall Street.
Revenue in the period totaled $1.28 billion U.S., which was below the $1.35 billion U.S. forecast among analysts who cover the company.
Management blamed the disappointing results on lower cryptocurrency-related revenue as the price of Bitcoin (BTC) tumbled from an all-time high of $126,000 U.S. reached last October.
Robinhood’s stock is down 24% so far this year, mirroring the decline in cryptocurrency prices.
The company’s executives stressed on their earnings call with analysts and media that they continue to try and diversify their business.
In recent years, Robinhood has added banking services and credit cards to its offerings. The company’s retirement assets more than doubled from a year ago to $26.5 billion U.S. in Q4.
Total platform assets rose 68% year-over-year to $324 billion U.S. in the fourth quarter of 2025.
Robinhood’s customers are also taking on more risk and trading on margin, meaning that they are borrowing money from the brokerage to buy stocks.
The company said its margin book increased 113% year-over-year to a record $16.8 billion U.S. Trading volumes for equities and option contracts reached record highs during the quarter.
Robinhood’s newest offering is a prediction market that enables people to wager on the outcome of events such as political elections and sports contests.
The company said its customers traded a record 8.5 billion event contracts during Q4 2025.
Despite its recent decline, HOOD stock is up 60% over the last 12 months and trading at $85.60 U.S. per share.
