Robinhood posts $1.42B quarter as its stock slides 16%

Robinhood pulled in $1.42 billion in revenue for its fiscal third quarter, an 11.8% jump from a year earlier and roughly in line with analyst expectations. The brokerage did beat on EBITDA, but that wasn't enough to keep it from posting the weakest performance against estimates among the four fintech stocks tracked. Its user base hit 28.7 million, up 7.1% year over year.

The market's answer was blunt: shares are down 16% since the print and currently trade at $79.48. CEO Vlad Tenev framed the bigger mission in the release, saying, 'Our vision is to make everyone an owner, because broad ownership is essential to a free, stable, and prosperous society.'

Coinbase fared no better on the tape. The crypto exchange brought in $1.22 billion in revenue, a 35% drop from the same quarter last year, though it still beat consensus by 0.8% and delivered a solid EBITDA beat. Its stock has fallen 14.4% since reporting and sits at $137.39.

Across the group, revenue came in 1.3% above analysts' consensus, but guidance for the next quarter landed 2.9% below expectations. Share prices have collectively dropped 3.5% on average since the results rolled out, a reminder that the fintech story — digital payments, blockchain rails, AI-driven credit underwriting — is still fighting regulatory scrutiny and pushback from legacy banks.