You probably think of Robinhood (NASDAQ:HOOD) as the free stock trading app, or maybe the crypto one. Crypto trading revenue fell 38% year over year and 25% from the prior quarter, and it’s sitting at less than 30% of where it peaked back in late 2024. Total revenue growth slowed from triple digits a year ago to 32% this quarter. Hedge funds are still betting on Robinhood, with 84 funds holding it in Q1 2026 versus 83 the quarter before. SoFi Technologies (NASDAQ:SOFI), on the other hand, was held by 47 hedge funds at the end of the quarter, down from 56.