Robinhood reported first quarter 2026 revenue of $1.07 billion and diluted EPS of $0.38, missing analyst expectations. The results were driven by strong growth in net interest revenue and certain transaction categories, offset by a significant decline in cryptocurrency trading revenue.
Key Highlights
- Cryptocurrency transaction revenue declined 47% year-over-year to $134 million, weighing on overall results.
- Net Deposits remained a bright spot, totaling $17.7 billion for the quarter, representing a 22% annualized growth rate.
- Robinhood Gold subscribers grew 36% year-over-year to 4.3 million, meeting analyst estimates and driving a 32% increase in subscription revenue to $50 million.