Robinhood Tumbles 11%, Webull Drops 5%, Coinbase Slides 8% – Here’s Why

1 hour ago 1

David Moadel

Wed, April 29, 2026 astatine 9:13 AM CDT 4 min read

Quick Read

Robinhood (HOOD) reported Q1 2026 gross of $1.07B, missing estimates by $70M, with crypto transaction gross plunging 47% year-over-year and adjusted EPS of $0.38 missing forecasts by 10%.
Webull (BULL) and Coinbase (COIN) shares fell successful sympathy trading contempt nary nonstop vulnerability to Robinhood’s net miss.
Robinhood’s disappointing cryptocurrency gross has sparked questions astir whether retail crypto enactment is contracting wide oregon rotating to competitors similar Coinbase, which reported grounds organization derivatives gross past quarter.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Webull wasn't 1 of them. Get them present FREE.

Shares of Robinhood (NASDAQ:HOOD) are down astir 12% successful aboriginal trading Wednesday aft the brokerage delivered a disappointing Q1 2026 net report. The banal is changing hands adjacent $72 aft closing Tuesday astatine $82.07.

The selloff stands retired arsenic Robinhood's peers are pursuing to the downside. Webull (NASDAQ:BULL) banal is down 5% to $6.77, and Coinbase (NASDAQ:COIN) shares are down 8% to $179.16.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Webull wasn't 1 of them. Get them present FREE.

This could chiefly beryllium a single-name lawsuit tied to Robinhood's quarterly setup, with BULL and COIN shares suffering collateral damage.

Earnings Miss Sparks the Selloff

Robinhood reported Q1 2026 gross of $1.07 billion, missing the $1.14 cardinal statement estimate. Adjusted net per stock (EPS) came successful astatine $0.38, missing forecasts by 10%.

The biggest culprit was crypto. Crypto transaction gross dropped 47% twelvemonth implicit twelvemonth (YoY), echoing the brushed retail crypto inclination absorption had already flagged. Robinhood's wide gross inactive grew 15% YoY, but the premix displacement hurt.

Robinhood's absorption besides raised 2026 adjusted operating disbursal guidance to $2.7 cardinal to $2.825 billion, signaling borderline unit ahead. That includes an further $100 cardinal concern successful the Trump Accounts initiative.

The intraday portion was brutal. The archetypal 5-minute HOOD banal candle aft the net study saw 1,611,520 shares alteration hands arsenic institutions deed the exits.

Webull and Coinbase Fall successful Tandem

Webull doesn't study contiguous and has nary vulnerability to Robinhood's circumstantial catalysts. Still, BULL banal headed southbound successful aboriginal trading connected Wednesday.

Coinbase, the largest U.S. listed pure-play cryptocurrency exchange, is besides undergoing a selloff. COIN shares are seemingly taking a hit, perchance implicit a dislocation tied to Robinhood's print.

Read Entire Article