HOOD is trading at $74.29 (-9.5%) following a Q1 2026 earnings miss driven by a significant slowdown in crypto trading activity.
- Revenue of $1.07B and EPS of $0.38 missed analyst estimates as crypto trading revenue plunged 47% YoY to $134M.
- Despite the transaction-based miss, the platform reported strong underlying growth with $17.7B in net deposits for the quarter.
- The stock's decline reflects post-earnings digestion, as the broader crypto market remains slightly positive with BTC up 0.86% and ETH up 1.00%.