Robinhood Stock Down 8% As Crypto Revenue Plunges 38%

by | Feb 11, 2026 | General

Robinhood (NASDAQ:HOOD) is down 8% in premarket after reporting crypto revenue decreased by 38% to $221 million in Q4.

The Earnings Miss

Total revenue rose 27% to a record $1.28 billion in Q4, but crypto dragged performance.

Cryptocurrency transaction revenue fell 38% year-over-year to $221 million, down from $268 million in Q3.

Moreover, total crypto notional volume reached $82 billion, but most came from Bitstamp, the exchange Robinhood acquired mid-2025. 

Trading volumes on the Robinhood app itself dropped 52% year-over-year, reflecting weaker retail participation.

Meanwhile, other segments performed. Options revenue rose 41% to $314 million while equities trading climbed 54% to $94 million. 

Net interest revenue jumped 39% to $411 million and Robinhood Gold subscribers climbed 58% to 4.2 million.

HOOD Price Forecast

HOOD closed yesterday at $85.60 and trading 8% down in premarket.

The stock broke below all moving averages: 20 EMA at $96.42, 50 EMA at $108.13, 100 EMA at $111.83, and 200 EMA at $101.93.

The $90 support failed. This level held on previous tests but broke decisively. 

Critical support now sits at $70-$75, marked by earlier consolidation. With premarket near $78, HOOD already tests the upper end before the market opens.

The RSI at 34.68 approaches oversold but shows no bullish divergence. The indicator trends lower with price, confirming downside momentum rather than reversal.

If $75-$78 fails, limited support exists until $65-$70. For recovery, HOOD needs to reclaim $90 and close above the 20 EMA near $96—unlikely given current momentum.

The Strategic Shift

General Manager Johann Kerbrat told CoinDesk’s Consensus Hong Kong that Robinhood sees customers “buying the dip” and growing portfolios—different from prior downturns when people kept distance.

On stablecoin yields, Kerbrat said platforms should pass yield to consumers while disclosing risks like lack of FDIC insurance. 

He argued customers should choose between high-yield savings, stablecoins, or tokenized payments once fully informed.

The tokenization push continues.

Robinhood announced Robinhood Chain, an Ethereum (CRYPTO: ETH) Layer-2 on the Arbitrum stack, enabling 24/7 trading of tokenized stocks and ETFs.

However, sources said round-the-clock trading won’t arrive until late 2026 when NYSE or Nasdaq launch digital platforms.

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