EXCLUSIVE: Robinhood CFO Addresses HOOD Stock’s 14% Selloff — Says Market Is Misreading Q1 Earnings Miss

• Robinhood CFO Shiv Verma told Stocktwits that retail participation remains “healthy” despite the broader macro backdrop, with consistent user activity.
• He added that April trading activity is tracking toward one of the strongest months in company history.
• Verma said prediction markets are on track to hit $3 billion for the month.

Robinhood (HOOD) CFO Shiv Verma told Stocktwits on Tuesday that while the stock price has fallen nearly 15% on missed first-quarter earnings, the company is “winning” when it comes to expanding its user base.

HOOD’s stock fell as much as 14.5% in midday trade on Wednesday, wiping out April gains if the losses hold till market close. The downswing came after the company reported adjusted earnings of $0.47 per share for the first quarter (Q1) after market close on Tuesday, missing Wall Street’s estimate of $0.43, according to Koyfin data. Revenue came in at $1.07 billion, also below the consensus estimate of $1.13 billion. 

"Relative to consensus, we did come a little bit lighter," Verma told Michele Steele in an exclusive interview with Stocktwits. "Volumes are really healthy, but what was lower on the back end was the pricing." 

“We look at market share, and are we winning? Are we delivering value for customers? And everything we're seeing there is great.” 

– Shiv Verma, Chief Financial Officer, Robinhood

However, he said the driver wasn’t weak demand but more active traders, who sit on lower pricing tiers, flooding Robinhood in greater numbers than casual investors. "That brought down the overall pricing," Verma said. "That's a good thing. That means customers are engaged, they're using the platform."

Robinhood’s Crypto Revenue Takes Biggest Hit

The biggest drag on Robinhood’s quarterly earnings came from crypto. Transaction revenue from digital assets fell 47% year-over-year, dropping from $252 million to $134 million, as a crypto slump that began late last year extended into early 2026. Verma didn't dispute it, but he pushed back on what it means for the broader business. 

He said that net deposits came in at $17.7 billion, equivalent to a 22% annualized growth rate, adding that gold subscribers hit an all-time high. Verma also noted that banking pulled in over $2 billion in assets in its first full quarter as a product. "Retail is healthy," Robinhood CFO said. "Despite the macro backdrop, we saw really good engagement from retail." 

Q1 Was ‘Strange’ But April Is Better

Verma added that April is tracking equity and options volumes at the highest month of the year, and on pace to be the second-best month in company history. Prediction markets, one of Robinhood's fastest-growing new products, are on track to hit $3 billion for the month and mark the second-highest month ever. "So while it was a strange quarter," he said, "I think people were encouraged by what we said about our new products and also how April is starting off."

HOOD’s stock was among the top trending tickers on Stocktwits at the time of writing. Retail sentiment around the company on the platform improved to ‘extremely bullish’ from ‘bullish’ over the past day. Chatter jumped to ‘extremely high’ from ‘normal’ levels. 

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