New York, Feb 5, 2026, 17:30 EST — Trading after hours.
Shares of Robinhood Markets, Inc. (HOOD) dropped 9.9% to $72.68 in after-hours trading Thursday, following a sharp decline in bitcoin that dragged crypto-related stocks lower. The online broker’s shares fluctuated between $69.82 and $79.87 during the session, with roughly 55.3 million shares traded.
The decline is significant because Robinhood now acts as a quick barometer for retail risk appetite. Sharp moves in crypto prices often trigger sudden changes in trading volume and sentiment on the platform.
Robinhood plans to release its fourth-quarter and full-year 2025 results on Feb. 10 after the market closes. The announcement will be followed by a 5:00 p.m. ET video call with CEO Vlad Tenev and incoming CFO Shiv Verma.
Bitcoin’s decline picked up pace as investors dumped risky assets across the board, triggering forced selling of leveraged crypto wagers. Data from CoinGlass revealed roughly $1 billion in bitcoin positions were liquidated over the last 24 hours. Analysts linked the sell-off to a combination of tech-stock weakness and unease over President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair. “It’s clear the crypto market is now in full capitulation mode,” said Nic Puckrin, co-founder of Coin Bureau. Reuters
Pressure rippled through the sector. Coinbase Global plunged 13.4%, Interactive Brokers dipped 5.3%, and SoFi Technologies lost 6.2% on the day.
Robinhood now faces the question of whether the drop in tokens will shrink its transaction-based revenue or if market volatility will lure retail traders back, even if just for a short stint. Investors will also scrutinize any updates on net interest income, the spreads on customer cash and margin loans, and clues about customer balances.
A separate SEC filing revealed Chief Brokerage Officer Steven M. Quirk sold 52,540 Robinhood shares on Feb. 3, with prices averaging between $85.54 and $90.06. These sales followed a Rule 10b5-1 plan, which allows insiders to automate stock transactions on a predetermined schedule.
The setup works both ways. A strong bounce in bitcoin might boost Robinhood and similar platforms, but a further drop in crypto could drag down trading volumes and intensify questions about how much recent growth leaned on risky bets.
Traders are shifting focus to see if bitcoin holds steady into Friday. For Robinhood, all eyes are on the Feb. 10 earnings report after the close, hoping for a clearer picture of crypto activity and customer demand.
