Robinhood reported first-quarter 2026 revenue of $1.07 billion, up 15% year over year, while diluted EPS rose 3% to $0.38. Net deposits totaled $17.7 billion, representing a 22% annualized growth rate, and total platform assets increased 39% to $307 billion. In crypto, Robinhood reported $134 million in revenue and $24 billion in in-app notional trading volume, down 47% and 48% year over year, respectively. Robinhood also said its Ethereum Layer 2 blockchain has processed more than 100 million transactions. After the results, Robinhood shares sold off, with the new report saying the stock fell about 11% on Wednesday as weaker-than-expected first-quarter results and slower crypto activity weighed on revenue and profit.