For a stock once treated as an ASX tech darling, that's a reversal.
When a stock trades on lofty multiples built around rapid expansion, like Hub24 shares, even a modest slowdown can wipe out a large chunk of the share price.
FY2026 delivered record results: group underlying EBITDA rose 30% to $211.4 million, underlying NPAT climbed 40% to $137.3 million, and total revenue grew 23% to $501.1 million.
According to TradingView data, 14 of 18 brokers now rate Hub24 a buy or strong buy.
5 sentences from our version of the report,
chosen to cover it. Nothing here is written; every line is in the article below.
How
Summarized version
Hub24 Ltd shares are firmly in the line of fire. In FY26, net inflows fell 4% year-on-year to $18.9 billion.
The report’s most important sentence, shortened and in plain words. How
Headline check
Headline as published: Hub24 shares have crashed 35%. What's actually going on?
The one thing this headline claims is in the report.
Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. One claim in this headline could be checked, so this is a narrow pass and not a thorough one. How this is checked
PIIGS Mk 4 map
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The article, shortened and in plain language
Hub24 Ltd shares are firmly in the line of fire. The ASX financial stock slipped another 1% on Wednesday to $69.31, extending a rough run that's seen it fall 9% over the past month, 28% year to date, and a 35% over the past 12 months.
For a stock once treated as an ASX tech darling, that's a reversal.
In FY26, net inflows fell 4% year-on-year to $18.9 billion.
When a stock trades on lofty multiples built around rapid expansion, like Hub24 shares, even a modest slowdown can wipe out a large chunk of the share price.
Add in a broader wobble across the tech sector with investors reassessing valuations and grappling with how AI could reshape competitive dynamics, and growth stocks like Hub24 have been caught in the crossfire.
FY2026 delivered record results: group underlying EBITDA rose 30% to $211.4 million, underlying NPAT climbed 40% to $137.3 million, and total revenue grew 23% to $501.1 million.
More than 5,200 advisers now use Hub24.
According to TradingView data, 14 of 18 brokers now rate Hub24 a buy or strong buy.
Shortened to 1 minute
of reading, this version reads 13.3 on the Niral Score.
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