Robinhood’s latest earnings report sent shares tumbling before the market even opened, and crypto took the blame. But the real story behind the revenue collapse is more complicated than a simple retail exodus.
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Robinhood’s crypto revenue fell 55% from last year to $120 million in the third quarter. Robinhood Markets (NASDAQ: HOOD | HOOD Price Prediction) reported the news after market close on October 27, 2026. The company’s earnings per share came in at $0.51, below analyst expectations of $0.56.
Before the earnings report, Robinhood’s shares closed at $95 on October 27, but fell to $88…
