Robinhood reported record quarterly revenue but fell just short of Wall Street expectations, while stronger crypto activity and unexpected momentum for its Robinhood Chain became the main focus of its earnings call. The company’s results highlighted how newer businesses, including crypto and event contracts, are becoming a larger part of its operations.
A modest earnings miss, with crypto activity improving
Revenue reached $1.42 billion, compared with the $1.43 billion expected, while earnings per share came in at $0.51 against a forecast of $0.55, according to Decrypt. Despite the shortfall, the company’s quarterly revenue was a record.
Robinhood’s crypto revenue rose to $120 million from $100 million in the second quarter, a 20% sequential increase. However, the figure remained 55% below the $268 million recorded a year earlier. Total crypto trading volume was $50 billion, including $29 billion conducted through Bitstamp.
Event contracts were a larger source of revenue than crypto during the period. Revenue from the contracts increased to $173 million from $156 million, while users traded a record 16.4 billion contracts. That was more than seven times the level from a year earlier.
The figures show the growing importance of businesses that were much smaller or largely absent from Robinhood’s offering two years ago. Decrypt reported that prediction markets and crypto together now account for more than one-fifth of the company’s revenue.
Robinhood Chain exceeds internal expectations
The most notable developments came during the earnings call, when Vlad Tenev discussed Robinhood Chain, the company’s blockchain network launched on July 1. Tenev said the network had grown faster than Robinhood’s internal forecasts and that the company had needed to expand its team to keep up.
By late August, Robinhood Chain was generating more fees over a rolling 30-day period than Ethereum or Base, according to the source report. Tenev also said developers had been urging Robinhood to do more to support the ecosystem. In response, the company indicated that it planned to increase its investment in the network.
The broader idea outlined by Tenev is to make tokenized stocks programmable in a way that allows other developers to build financial products and applications around them. He raised the possibility of tokenized options contracts as one example.
That approach treats tokenized equities not simply as a feature offered to Robinhood customers, but as a building block for other projects. Decrypt cited Long.xyz, which pairs meme coins with tokenized shares of Nvidia and Tesla, and Orbio, which uses fees paid in tokenized Nvidia to fund artificial-intelligence inference credits. Neither project was created by Robinhood, but both rely on the availability of stock tokens.
The response from the market was sharp. Tokens associated with Robinhood Chain rose broadly after the call, with reported gains ranging from about 20% to 50% in the source report. Pons rose 18%, AI increased 33%, and Orbio gained 57%. Other listed movers included Cashcat, Boner and Priors, while Robinhood Crypto posted updates supporting Long and Priors.
Broader crypto and financial-market picture
Major cryptocurrencies rebounded ahead of the Federal Open Market Committee meeting. Bitcoin was reported at about $81,200, up 2%, while Ether rose 2% to $2,360 and Solana gained 3% to $103. Hyperliquid increased 5% to $81.40 and Zcash climbed 4% to $1,300. Bitcoin exchange-traded funds recorded $176 million in net inflows on Tuesday, while Ether ETFs saw $60 million in net outflows.
Other developments showed continued institutional and regulatory activity around digital assets:
- Ripple received final approval from the Office of the Comptroller of the Currency for Ripple National Trust Bank, which will hold and act as collateral trustee for reserves backing the company’s $2.6 billion RLUSD stablecoin.
- Google began a private preview of a crypto-custody service for banks. The system divides a signing key across separate environments and checks transactions through a policy engine before signing. Commercial availability is targeted for early 2027.
- Robinhood launched RLUSD on Robinhood Chain and Bitstamp, and said it would use Ripple Treasury for global cash operations and RLUSD on the XRP Ledger for institutional settlement across Bitstamp.
- Intel, Oracle, IBM and IonQ joined companies objecting to tokenized versions of their shares on the OKX-ICE venue, bringing the reported number of objecting issuers to 26 in 12 days.
Moneyiar market data
Moneyiar data at the stated times show mixed performance among the tracked assets. Audiera (BEAT) was priced at $0.0966461527, up 28.94% over 24 hours but down 22.33% over seven days, as of September 12, 2026, at 03:59 +03:30.
Decimal (DEL) stood at $0.458442584, with no 24-hour change and a 4.16% seven-day gain, as of October 25, 2026, at 22:39 +03:30. RedStone (RED) was $0.1452603192, down 2.72% over 24 hours and up 6.36% over seven days, at the same time. Espresso (ESP) was $0.0856958115, up 0.5% over 24 hours and 1.41% over seven days, as of October 25, 2026, at 22:38 +03:30.
For Robinhood, the earnings figures themselves were below expectations, but the call placed the company’s blockchain strategy at the center of attention. The scale of the reported activity will now be measured against the additional investment and support Robinhood has said it intends to provide to the network.
