🔴 HOOD is trading 11.61% down today after Q1 earnings miss and a 47% plunge in crypto revenue

HOOD is trading at $72.54, down 11.61% today following a Q1 2026 earnings miss driven by a 47% year-over-year collapse in cryptocurrency transaction revenue to $134 million.

• The company reported revenue of $1.07B and diluted EPS of $0.38, missing analyst estimates despite recording strong net deposits of $17.7 billion.
• The sharp decline significantly decoupled from the broader crypto market (Bitcoin +0.69%), indicating the selloff is a direct reaction to internal earnings weakness rather than market trends.
• A strategic pivot toward federal trustee roles and primary banking partnerships signals a fundamental shift away from the core crypto trading business that historically anchored the company's profitability.