Robinhood Markets, Inc.

Unknown Unknown Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.5B
                    3y CAGR +48.8%
                    
                    P100
                    
                    +51.6%
                    
                    Net income
                    FY2025
                
$1.9B
                    Net margin +42.1%
                    
                    P83
                    
                    +33.5%
                    
                    Total assets
                    FY2025
                
$38.1B
                    ROA +4.9%
                    
                    P17
                    
                    +45.6%
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    
                    +1143.3%

7 yrs · FY2019–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $38.1B

Total liabilities $29.0B

Shareholders equity $9.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	11.2%	16.5%	15.0%
Prepaid Expenses	0.3%	0.3%	0.2%
Other Current Assets	2.1%	2.2%	0.6%
Total Current Assets	95.2%	95.9%	98.3%
Property,Plant and Equipment	0.4%	0.5%	0.4%
Operating Lease Assets	0.5%	0.4%	0.2%
Goodwill	1.0%	0.7%	0.5%
Intangible Assets	0.4%	0.1%	0.1%
Deferred Tax Assets	1.4%	2.1%	13.2%
Other Noncurrent Assets	1.8%	2.0%	0.4%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	1.2%	1.5%	1.2%
Accrued Liabilities	75.4%	69.1%	79.0%
Deferred Revenue	31.4%	28.4%	15.8%
Operating Lease Liabilities	0.1%	0.1%	0.1%
Other Current Liabilities	2.4%	1.0%	0.7%
Total Current Liabilities	75.4%	69.1%	79.0%
Operating Lease Liabilities Noncurrent	0.5%	0.4%	0.3%
Deferred Tax Liabilities	0.6%	0.4%	11.4%
Other Noncurrent Liabilities	0.6%	0.4%	0.3%
Total Liabilities	76.0%	69.6%	79.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	29.6%	45.9%	37.6%
Retained Earnings	-5.6%	-15.4%	-16.8%
Accumulated Other Comprehensive Income	0.0%	-0.0%	-0.0%
Noncontrolling Interest	0.0%	0.0%	—
Total Stockholders Equity	24.0%	30.4%	20.7%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $4.5B

Operating income $1.9B

Net income $1.9B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	11.7%	11.3%	5.8%
Expenses Research and Development	0.9%	1.2%	1.1%
Expenses Selling,General and Administrative	1.6%	1.7%	3.6%
Expenses Depreciation and Amortization	0.1%	0.1%	0.0%
Expenses Share Based Compensation	0.8%	1.2%	2.7%
Expenses Operating Expenses	6.2%	7.2%	7.4%
Other Income Expense Operating Income	4.9%	5.4%	-1.7%
Other Income Expense Interest Expense	4.0%	4.2%	2.9%
Other Income Expense Other Income/expense	0.0%	0.0%	0.0%
Other Income Expense Income Before Tax	5.5%	4.1%	-1.6%
Income Tax Income Tax Expense	0.6%	-1.3%	0.0%
net Income net Income	4.9%	5.4%	-1.7%
net Income Comprehensive Income	5.0%	5.4%	-1.7%
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	2.3%	3.4%	2.8%
Earnings Per Share Weighted Average Shares Diluted	2.4%	3.5%	2.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $1.6B

Investing cash flow $141.0M

Financing cash flow $-590.0M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	4.9%	5.4%	-1.7%
Operating Activities Depreciation and Amortization	0.1%	0.1%	0.0%
Operating Activities Stock Based Compensation	0.8%	1.2%	2.7%
Operating Activities Deferred Income Taxes	0.5%	-1.4%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	24.0%	17.6%	0.9%
Operating Activities Other Non Cash Items	0.0%	0.0%	0.0%
Operating Activities net Cash From Operating Activities	4.3%	-0.6%	3.7%
Investing Activities Business Acquisitions	1.0%	0.0%	0.3%
Investing Activities Purchases of Investments	0.0%	0.0%	0.0%
Investing Activities Other Investing Activities	0.0%	-0.0%	-0.0%
Investing Activities net Cash From Investing Activities	0.4%	-0.6%	-1.8%
Financing Activities Proceeds From Debt	12.5%	0.1%	0.1%
Financing Activities Repayment of Debt	12.5%	0.1%	0.1%
Financing Activities Repurchase of Common Stock	1.7%	1.0%	1.9%
Financing Activities Proceeds From Stock Issuance	0.0%	0.1%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	1.1%	0.9%	0.0%
Financing Activities net Cash From Financing Activities	-1.5%	-1.3%	-1.9%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%
Cash Reconciliation net Change In Cash	3.1%	-2.5%	-0.0%
Cash Reconciliation Cash At Beginning of Period	25.9%	33.2%	28.9%
Cash Reconciliation Cash At End of Period	25.9%	33.2%	28.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+42.1%	+47.8%	-29.0%
Net margin	+42.1%	+47.8%	-29.0%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+48.8%	+17.6%	+24.9%
Returns
ROE	+20.6%	+17.7%	-8.1%
ROA	+4.9%	+5.4%	-1.7%
ROIC	—	—	—
Liquidity
Current ratio	1.26x	1.39x	1.24x
Quick ratio	—	—	—
Leverage
D/E	3.17x	2.28x	3.83x
Interest coverage	1.24x	1.27x	-0.58x
Efficiency
Asset turnover	0.12x	0.11x	0.06x
Cash conversion cycle	—	—	—

Valuation

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FY2025 fundamentals · no price

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Robinhood Markets, Inc.

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