Shares hit 7-month low as crypto-linked revenues face pressure ahead of February earnings.
Robinhood shares fell more than 10% on Monday, sliding to $89, their lowest level since late June 2025, as a broader crypto selloff and seasonal revenue slowdown triggered a wave of selling.
The drop follows Bitcoin’s weekend decline to $75,000, which prompted investors to rotate out of high-beta fintech names before BTC recovered modestly to around $78,500 by press time.
Robinhood’s stock often trades in tandem with crypto assets due to its integrated digital asset services. In 2025, crypto transaction revenue surged 200% to $268 million per quarter, making it the firm’s fastest-growing segment and accounting for nearly 40% of total transaction revenue.
Piper Sandler, which maintains an Overweight rating and a $155 price target on Robinhood, flagged three short-term headwinds: declining crypto volumes, the end of the NFL season impacting sports prediction markets, and limited near-term catalysts.
Robinhood had launched football-based contract trading in August 2025, and it quickly became the platform’s most active segment. CEO Vlad Tenev told investors the business was “growing rapidly,” citing 2.5 billion contracts traded in October alone.
With the NFL season ending in February, Robinhood is now betting on NBA and MLB contracts to offset the slowdown. Analysts warn that fintech names often see valuation resets when seasonal tailwinds fade.
Robinhood reports Q4 and full-year 2025 earnings on February 10 after market close, with Tenev set to host a video call at 5:00 PM ET.
Wall Street expects revenue of $1.34 billion, up 32% year-over-year, but earnings per share of $0.63, a 38% decline from the same period last year as operating costs rise.
