Robinhood reported record third-quarter revenue of $1.42 billion, below the roughly $1.43 billion analysts expected. Earnings were $0.51 per share, below the $0.55 forecast; net income fell to $476 million from $556 million a year earlier. The quarter included a $67 million unrealized loss on Robinhood Ventures Fund I, equal to $0.07 per share.
Event-contract revenue rose to $173 million from $156 million in the second quarter. Crypto revenue rose to $120 million from $100 million, but was down 55% from a year earlier. Robinhood narrowed its 2026 cost outlook to $2.675 billion–$2.75 billion, lowering the top of the range, and its shares slipped in after-hours trading.
