Robinhood Profit Slumps as Crypto Slide Crimps Revenue

Online brokerage reports lower Q4 earnings as Bitcoin and other digital currencies decline

Published on Feb. 10, 2026

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Robinhood Markets Inc. reported a 34% drop in fourth-quarter net income to $605 million, or 66 cents per share, as sharp declines in Bitcoin and other cryptocurrencies weighed on results at the online brokerage. Total revenue of $1.28 billion fell short of Wall Street expectations.

Why it matters

Robinhood's business model is heavily dependent on cryptocurrency trading, so the late-year slide in crypto prices significantly impacted the company's bottom line. This highlights the volatility and risk associated with Robinhood's reliance on crypto-related revenue streams.

The details

Robinhood's net income tumbled 34% in Q4 compared to the prior year period, despite beating the average analyst estimate by 2 cents per share. However, the company's total revenue of $1.28 billion fell short of Wall Street forecasts, underscoring the impact of the crypto market downturn on Robinhood's performance.

  • Robinhood reported its Q4 2025 earnings on February 10, 2026.

The players

Robinhood Markets Inc.

An online brokerage firm based in Menlo Park, California that allows users to trade stocks, options, exchange-traded funds (ETFs), and cryptocurrencies.

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The takeaway

Robinhood's heavy reliance on cryptocurrency trading revenue leaves the company vulnerable to the volatility of digital asset markets. As the crypto slide in late 2025 weighed on Robinhood's bottom line, it highlights the need for the company to diversify its revenue streams beyond just crypto in order to provide more stability and resilience.