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Apr 29, 2026 12:01 PM

Robinhood, SoFi Stocks Sink After Earnings As Fintech Investors Punish Misses

Robinhood Markets Inc. (NASDAQ:HOOD) and SoFi Technologies Inc. (NASDAQ:SOFI) shares traded sharply lower on Wednesday after quarterly results suggested investors are growing less forgiving toward fintech names where headline growth is offset by misses, margin pressure or segment-specific weakness.

SOFI stock is dropping. See the chart and price action here. 

HOOD Q1 Disappoints 

Robinhood shares were down 12.25% at $72.02 after the company reported first-quarter revenue of $1.07 billion, below estimates of $1.14 billion. 

Earnings came in at 38 cents per share, missing estimates of 40 cents.

The selloff came even as Robinhood reported 15% year-over-year revenue growth, $346 million in net income, $17.7 billion ...