Wall Street · Decrypt
Hours before the report, Robinhood announced a deal with Ripple that brings RLUSD
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Robinhood shares closed Tuesday at about $94.61 and slipped in after-hours trading- The stock is down roughly 18% this year and about 37% below its 52-week high of $150.47.
Key facts
- Robinhood, the trading app where more than 28 million people keep money to buy stocks and crypto and now bet on sports and elections, reported third-quarter revenue of $1.42 billion billion
- Earnings came in at $0.51 per share, missing the $0.55 analysts projected and down from $0.61 a year ago
- Net income was $476 million, down 14% from $556 million a year earlier and 17% from $573 million in the second quarter
- The quarter included a $67 million unrealized loss, meaning a drop in value on paper, on Robinhood Ventures Fund the reporter, which cost $0.07 per share
Summary
Robinhood reported record third-quarter revenue of $1.42 billion, slightly below the roughly $1.43 billion expected, and earnings of $0.51 per share versus $0.55 expected. Event contracts revenue rose to $173 million from $156 million in the second quarter, and crypto revenue rose to $120 million from $100 million but fell 55% from a year earlier. Robinhood trimmed the top of its 2026 cost guidance to a range of $2.675 billion to $2.75 billion, and shares slipped in after-hours trading. Robinhood, the trading app where more than 28 million people keep money to buy stocks and crypto and now bet on sports and elections, reported third-quarter revenue of $1.42 billion billion on Tuesday, missing the roughly $1.43 billion Wall Street expected. Earnings came in at $0.51 per share, missing the $0.55 analysts projected and down from $0.61 a year ago.