New York, Feb 5, 2026, 10:51 EST — Regular session
- Robinhood shares slid roughly 8% amid another sharp plunge in bitcoin
- Crypto-linked stocks slide as traders step away from risk
- Investors are eyeing the Feb. 10 results to gauge crypto activity and revenue
Robinhood Markets shares dropped 8.1% to $74.09 Thursday morning, dragged down by declines in bitcoin and other crypto-related stocks. Coinbase tumbled 8.9% as bitcoin fell roughly 9%, hitting $67,374.
This shift is significant since Robinhood’s business still hinges on retail trading activity, with crypto dominating the headlines whenever markets turn risk-averse.
This comes mere days ahead of the company’s quarterly earnings report, with investors eager for clues on whether falling token prices are cutting into trading volumes and fee income.
Bitcoin slipped below $70,000, dropping to its lowest since November 2024. Traders blamed the sell-off on President Donald Trump’s pick of Kevin Warsh as the next Federal Reserve chair, sparking concerns the Fed might tighten by shrinking its balance sheet. “The market fears a hawk with him,” said Manuel Villegas Franceschi of Julius Baer. Jefferies strategist Mohit Kumar also flagged the risk of forced liquidations from crypto miners if the price slide continues. (Reuters)
Robinhood is expanding its revenue streams with new offerings, pushing further into the UK market. The company has launched a stocks and shares ISA—a tax-advantaged account—and is sweetening the deal with a 2% cash bonus on qualifying contributions made before April 5, 2026. Users also benefit from zero platform fees, no trading commissions, and a 0.10% foreign-exchange fee per trade, according to a note from Zacks on Nasdaq.com. (Nasdaq)
A Form 4 filed on Feb. 3 revealed some insider equity moves. Chief Brokerage Officer Steven Quirk had his restricted stock units converted into shares, with 17,795 of those shares withheld to cover taxes. The filing clarified this was not a sale. (SEC)
Robinhood plans to release its fourth-quarter and full-year 2025 earnings on Feb. 10, after the market closes. The company will also hold a video call with CEO Vlad Tenev and incoming CFO Shiv Verma at 5:00 p.m. ET. (GlobeNewswire)
Traders are set to zero in on crypto transaction revenue, options activity, and net interest income — the earnings Robinhood pulls from customer cash and balances. They’ll also be watching for any early 2026 insights on user engagement.
However, the setup works both ways. If bitcoin continues to drop, risk appetite might stay weak, dragging the stock down to the print. Any letdown in activity or guidance could make the decline even sharper.
The next major event arrives on Feb. 10, when Robinhood’s earnings and call could reveal if this week’s crypto downturn is starting to impact user activity.
