Robinhood reported weaker first-quarter crypto activity, with $134 million in crypto revenue and $24 billion in in-app notional trading volume, while stating its Ethereum Layer 2 blockchain has processed more than 100 million transactions.
Robinhood reported first-quarter 2026 revenue of $1.07 billion, up 15% year over year, while diluted EPS rose 3% to $0.38. The company said net deposits totaled $17.7 billion, representing a 22% annualized growth rate, and total platform assets increased 39% to $307 billion. In its crypto business, Robinhood reported Q1 crypto revenue of $134 million and in-app notional trading volume of $24 billion, down 47% and 48% year over year, respectively. The company also said its Ethereum Layer 2 blockchain has processed more than 100 million transactions. Robinhood shares fell more than 6% to $76.99 in after-hours trading.