Key Takeaways
- • Robinhood Markets (HOOD) fell 4.4% on Oct. 28, 2026, as investors weighed third-quarter results that combined record revenue with weaker earnings, according to Quiver Quantitative.
- • Q3 revenue reached a record $1.42 billion, but net income fell 14% year over year and diluted EPS declined to $0.51.
- • Crypto revenue dropped 55% year over year to $120 million, while crypto notional trading volumes fell 38%.
- • Total operating expenses rose 16% and net interest revenue slipped 9% year over year, pressuring margins even as deposits and subscribers grew.
- • The quarter included $67 million of unrealized losses tied mainly to Robinhood Ventures Fund I.
Summary
Robinhood Markets (HOOD) shares were down 4.4% on Oct. 28, 2026, according to Quiver Quantitative, which attributed the pullback to the company's third-quarter results. The quarter delivered record revenue of $1.42 billion, but the headline profitability picture weakened: net income fell 14% from a year earlier and diluted earnings per share declined to $0.51. Quiver's analysis suggests investors focused more on margin pressure and softer revenue mix than on the company's continued growth in trading activity and customer assets.
The most pronounced weakness was in crypto. Crypto revenue fell 55% year over year to $120 million, and crypto notional trading volumes declined 38%, reflecting cooler digital-asset activity. Net interest revenue slipped 9% year over year, while total operating expenses rose 16%. Robinhood nonetheless added deposits and subscribers during the period, though the cost growth outpaced that top-line momentum.
Quiver also flagged $67 million of unrealized losses tied mainly to Robinhood Ventures Fund I, which may have added to investor caution around bottom-line performance. The source figures are drawn from Robinhood Investor Relations and SEC filings, per Quiver.
Quiver's insider data shows 103 open-market trades by HOOD insiders over the past six months, of which 100 were sales and three were purchases. Chief Executive Vladimir Tenev sold 1,250,000 shares for an estimated $148.9 million across 14 sales. Quiver's 13F data shows 831 institutional holders added HOOD shares in the most recent quarter and 568 reduced positions, with JPMorgan Chase and FMR LLC among the larger buyers in Q2 2026. Quiver also reports 11 analysts with a median 12-month price target of $113.0, and a single recent buy rating from BTIG.
The most pronounced weakness was in crypto. Crypto revenue fell 55% year over year to $120 million, and crypto notional trading volumes declined 38%, reflecting cooler digital-asset activity. Net interest revenue slipped 9% year over year, while total operating expenses rose 16%. Robinhood nonetheless added deposits and subscribers during the period, though the cost growth outpaced that top-line momentum.
Quiver also flagged $67 million of unrealized losses tied mainly to Robinhood Ventures Fund I, which may have added to investor caution around bottom-line performance. The source figures are drawn from Robinhood Investor Relations and SEC filings, per Quiver.
Quiver's insider data shows 103 open-market trades by HOOD insiders over the past six months, of which 100 were sales and three were purchases. Chief Executive Vladimir Tenev sold 1,250,000 shares for an estimated $148.9 million across 14 sales. Quiver's 13F data shows 831 institutional holders added HOOD shares in the most recent quarter and 568 reduced positions, with JPMorgan Chase and FMR LLC among the larger buyers in Q2 2026. Quiver also reports 11 analysts with a median 12-month price target of $113.0, and a single recent buy rating from BTIG.
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