🔴 HOOD is trading 10% down today following a Q1 earnings miss and a 47% plunge in crypto revenue

HOOD is trading at $73.83 (-10%) after missing Q1 2026 earnings expectations, driven primarily by a sharp contraction in retail crypto trading activity.

• Revenue hit $1.07B with EPS coming in $0.38 below analyst estimates, largely due to a 47% YoY collapse in crypto trading revenue to $134M.
• The pre-market sell-off extends a -2.24% decline from the previous session, despite the company reporting $17.7B in positive net deposits and maintaining steady forward guidance.
• The sharp drop occurs despite a mild recovery in broader crypto markets (BTC +0.77%, ETH +1.10%), suggesting the miss is tied to platform-specific volume rather than market pricing.