HOOD stock declines as Q1 2026 crypto revenue drops 47% sequentially to $134 million, raising growth consistency concerns.
Robinhood Markets (NASDAQ: HOOD) shares have fallen over 32% year-to-date, driven by inconsistent cryptocurrency revenue. The company’s Q1 2026 crypto revenue totaled $134 million, a 47% decline from the prior quarter, highlighting volatility in the segment.
In Q4 2024, Robinhood’s crypto revenue surged to $358 million, surpassing the combined total of the previous three quarters. However, 2025 saw no quarter exceed $268 million, underscoring the segment’s unpredictability. Management acknowledged crypto’s importance but emphasized its role relative to broader operations.
The earnings miss has fueled investor uncertainty, with traders assessing whether the stock has reached a bottom or faces further downside.