Robinhood Markets reported fourth-quarter 2025 revenue of US$1.28 billion versus US$1.01 billion a year earlier, while quarterly net income fell to US$605 million and diluted EPS to US$0.66; for 2025 overall, revenue rose to US$4.47 billion with net income of US$1.88 billion and diluted EPS of US$2.05.

Despite record full-year results and continued diversification into areas such as prediction markets and Robinhood Chain, the company’s latest quarter exposed how a sharp 38% drop in crypto transaction revenue can weigh on growth expectations and investor confidence in its evolving “financial super app” model.

We’ll now examine how the quarterly revenue miss, driven by weaker crypto trading, may alter Robinhood’s…