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Robinhood Shares Slip After $180M Insider Sell-Off Despite Crypto-Led Q2 Rally

Directors’ sale of about $180 million has heightened investor unease over valuation despite Robinhood’s Q2 revenue hitting $989 million with record user metrics.

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Overview

  • Robinhood posted Q2 net revenues of $989 million, driven by a 65% year-over-year rise in transaction-based revenue and a doubling of crypto income.
  • In July, funded customers reached 26.7 million and total platform assets climbed to $298 billion, while equity, options and crypto trading volumes surged year-over-year.
  • The company expanded its crypto footprint through the mid-2025 Bitstamp acquisition and is rolling out tokenized real-world asset trading under EU regulations.
  • Directors Baiju Bhatt and Daniel M. Gallagher Jr. sold a combined $180 million in shares, intensifying investor concerns over valuation and sentiment.
  • Shares fell about 4.5% intraday to $108.94 before recovering slightly in after-hours trade, reflecting valuation pressures alongside evolving digital-asset oversight.