Robinhood’s stock dropped in after-hours trading following Q4 earnings missing analyst expectations. Despite a 27% increase in net revenues to $1.28 billion, crypto revenues fell 38% to $221 million. The company’s net income decreased by 34% to $605 million, with earnings per share slightly beating estimates at 66 cents. Shares fell by 7.66% to $79.04.

Full-year net revenues for Robinhood in 2025 increased by 52% to $4.5 billion, while net income rose by 35% to $1.9 billion. In Q4, crypto volumes reached a record $82.4 billion, up 3% quarter-on-quarter. Equity trade volumes saw a larger jump at 10% to $710 billion, while options contracts traded rose 8% to 659 million.

Prediction markets launched by Robinhood in partnership with Kalshi in March saw event contract demand soar, boosting Q4 revenues. “Other” transaction-based revenues hit a record $147 million, a 375% increase from last year, surpassing equity trade revenues for the first time. Robinhood’s CEO, Vlad Tenev, stated, “Our vision hasn’t changed: we are building the Financial SuperApp.”

Read more at Cointelegraph: Robinhood Shares Drop On Q4 Revenue Miss