Group 1: Earnings Performance - Robinhood reported Q4 earnings with a per-share profit of $0.66, exceeding analysts' expectations of $0.64, but sales fell short at just under $1.3 billion compared to forecasts of over $1.3 billion [1][2] - Q4 sales increased by 28% year over year, driven by a 39% growth in interest income, while transaction-based revenues rose only 15% [2] - Despite beating earnings estimates, Robinhood's earnings for the quarter dropped by 35% [3] Group 2: Annual Performance - For the full year of 2025, Robinhood achieved a 52% sales growth, reaching $4.5 billion, with earnings increasing by 31% to $2.05 per share [3] Group 3: Market Reaction and Valuation - The stock price of Robinhood fell by 12.5% following the mixed Q4 results, indicating investor disappointment [1][4] - Robinhood's market capitalization is priced at $77 billion, with a trailing earnings multiple of just under 37 times, which may not seem expensive given the growth, but concerns arise if earnings continue to decline [5] - Free cash flow for Robinhood in 2025 is reported at $1.6 billion, which only covers 84% of reported profits, suggesting a potentially higher valuation when assessed on a price-to-free cash flow basis [6]

Economic Overview - The US stock market experienced a significant downturn, with the Dow Jones Industrial Average falling below 50,000, closing at 49,999.24, down 188.90 points (0.38%), while the Nasdaq dropped 192.48 points (0.83%) to 22,909.99 [3][13] - Despite the addition of 130,000 jobs in January 2026, surpassing forecasts of 75,000, the unemployment rate decreased to 4.3%, lower than the expected 4.4% [3][13] Labor Market Insights - The Bureau of Labor Statistics revised the total jobs added in 2025 down to 181,000 from a previously reported 584,000, indicating a significant reduction in average monthly job growth from 50,000 to 15,000 [2][9] - The 2025 labor market was characterized as a "hiring recession" across most sectors, with healthcare being the only exception, leading to a "K-shaped" market where only a few sectors thrive while the broader economy struggles [4][10] Market Reactions - The immediate market reaction to the stronger-than-expected hiring data was a spike in bond yields, which negatively impacted stock valuations, particularly for the S&P 500 and Nasdaq, heavily weighted towards companies with future cash flows [3][10] - Individual stocks faced dramatic declines, with Unity Software (U) plummeting 34.16% to $19.13 due to concerns over competition from Alphabet's generative AI tool, "Project Genie 3" [6][13] - Robinhood Markets (HOOD) saw a 12.78% drop to $74.66, reflecting a broader sell-off in retail-centric platforms as the Nasdaq Crypto Index fell 3.72%, dragging Bitcoin down to $66,227 [7][13] Commodities and Investment Trends - In contrast to equities, the commodities market showed resilience, with gold rising 1.12% to $5,087.10 and silver increasing by 3.91% to $83.53, as investors sought safe havens amid economic instability [11][14] - The current economic environment is marked by erratic trade policies and a transition in Federal Reserve leadership, leading to a "wait-and-see" approach among investors until the next Consumer Price Index (CPI) report is released [12][14]

Key Takeaways Robinhood Markets fell 7% after Q4 revenues missed estimates despite an earnings beat.HOOD posted 68% growth in Platform Assets and a 58% rise in Gold subscribers to 4.2M. ETFs like CRPT offer exposure to HOOD while reducing single-stock risk.Shares of Robinhood Markets (HOOD) lost 7% in the after-hours trading session yesterday (as cited in Yahoo Finance), following the company’s fourth-quarter 2025 revenue miss. The trading platform comfortably surpassed the quarterly earnings estimates. For ...

Core Viewpoint - Robinhood's stock fell over 12% after reporting fourth quarter revenue that missed expectations, despite achieving record annual revenue of $4.5 billion in 2025 [1][6]. Revenue Performance - Fourth quarter revenue was reported at $1.28 billion, falling short of the expected $1.35 billion [1]. - Crypto revenue for the fourth quarter was $221 million, below the estimated $248.2 million [2]. - Options revenue also missed expectations, coming in at $314 million versus the forecast of $331 million [2]. Market Reaction - Analysts noted that the top-line miss was detrimental, with one stating that the stock's reaction was justified given high expectations and its expensive valuation [2][3]. - The stock was down approximately 40% from its all-time high prior to the earnings report [5]. Analyst Sentiment - Despite the recent revenue miss, analysts remain optimistic about Robinhood's diversified business model, which includes app offerings and prediction markets, potentially mitigating the impact of a downturn in the crypto market [6]. - The stock has received 24 Buy recommendations, four Holds, and one Sell, indicating a generally positive outlook among analysts [6].

Core Insights - Robinhood's stock fell over 12% after reporting revenue that missed expectations, with fourth quarter revenue at $1.28 billion compared to the anticipated $1.35 billion [1][2] - The company achieved record annual revenue of $4.5 billion in 2025, but the fourth quarter results raised concerns among analysts [1][6] Revenue Performance - Crypto revenue for the fourth quarter was $221 million, falling short of the $248.2 million estimate [2] - Options revenue also missed expectations, reported at $314 million against an estimate of $331 million [2] Analyst Commentary - Analysts expressed concerns about the top-line miss, indicating it was not favorable for the company's outlook [2] - Christian Bolou from Autonomous Research noted that net deposit growth has decelerated, which could impact future performance [3] Market Sentiment - Despite the recent stock decline, analysts remain optimistic about Robinhood's diversified business model, which includes app offerings and prediction markets [6] - The stock has received 24 Buy recommendations, four Holds, and one Sell, indicating a generally positive outlook from analysts [6]

Stock Market Today: Dow Rises Ahead Of Jobs Report; Astera, Robinhood Plunge | Investor's Business DailyBREAKING: [Futures Rise With Robinhood, Astera, Cloudflare Big Movers]---Futures for the Dow Jones Industrial Average and other major stock indexes traded higher Wednesday, as Wall Street awaited the January jobs report. Two early losers on the stock market today were Astera Labs (ALAB) and Robinhood Markets (HOOD), both of which plunged on earnings. On Wednesday, Dow Jones futures rose 0.2%, as did the S ...

Group 1 - The S&P 500 is projected to achieve a 13% increase in earnings per share for the fourth quarter, marking the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth [1] - As of February 6, 59% of S&P 500 companies have reported their fourth quarter results, indicating a strong earnings season [1] - Analysts had initially expected an 8.3% increase in earnings per share before raising expectations, particularly for technology companies, which have been significant contributors to earnings growth in recent quarters [3] Group 2 - Major capital expenditures by Big Tech are influencing the AI trade, with ongoing themes such as artificial intelligence and economic policies continuing to impact market dynamics [4] - Upcoming earnings reports from companies including Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase are anticipated to provide further insights into market trends [4]

Robinhood (NASDAQ:HOOD) is down 8% in premarket after reporting crypto revenue decreased by 38% to $221 million in Q4.The Earnings MissTotal revenue rose 27% to a record $1.28 billion in Q4, but crypto dragged performance. Cryptocurrency transaction revenue fell 38% year-over-year to $221 million, down from $268 million in Q3.Moreover, total crypto notional volume reached $82 billion, but most came from Bitstamp, the exchange Robinhood acquired mid-2025. Trading volumes on the Robinhood app itself dropped 5 ...

来源：市场资讯 （来源：君实财经） 营收未达预期，股价重挫：拆解 Robinhood (HOOD) 财报中的"增长陷阱" Robinhood(HOOD) 2025 年财报发布后股价出现剧烈调整。尽管从绝对值看营收和净利均有增长，但细 究这份成绩单，市场对不及预期的失望情绪完全有迹可循。 以下是导致股价承压的几个核心逻辑： • 不可控的监管成本： 财报中明确将"重大监管费用"排除在 2026 年展望之外，理由是"无法准确预 测"。这相当于告诉投资者，随时可能出现大额罚单。 • 降息周期的负面影响： Q4 净利息收入虽然增长，但已明确受到"短期利率下降"的对冲影响。随着美 联储降息路径延续，Robinhood 的高息红利期已接近尾声。 4. 估值逻辑重塑 此前市场给予 HOOD 高估值是基于其高成长性。但随着 Crypto 业务负增长、获客成本 上升以及预测市场（Prediction Markets）面临合规不确定性，市场开始重新审视其高估值的合理性。 表面光鲜的"创纪录"数据掩盖不了核心业务的疲态。在监管未知、成本失控和核心交易量下滑的三重打 击下，此次股价大跌是对预期的一次剧烈修正 • 数据惨淡： Q4 加密 ...

Robinhood Skids On Q4 Miss, Cues 'Prediction Markets Supercycle' | Investor's Business DailyBREAKING: [Jobs Report Strong: Payrolls Up 130,000 While Jobless Rate Falls]---Robinhood tumbled early Wednesday after posting a big fourth-quarter revenue miss and a decline in monthly active users. Shares of the mobile broker have taken a four-week skid amid a cryptocurrency sell-off, with the price of bitcoin down about 22% since the end of January. Robinhood Markets (HOOD) reported a 35% decline in earnings to 66 ...