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

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	$4.3B -1.6%	$4.3B -10.4%	$4.8B
Prepaid Expenses	$127.0M 69.3%	$75.0M 19.0%	$63.0M
Other Current Assets	$798.0M 36.6%	$584.0M 182.1%	$207.0M
Total Current Assets	$36.3B 44.6%	$25.1B -21.0%	$31.8B
Property,Plant and Equipment	$154.0M 10.8%	$139.0M 15.8%	$120.0M
Operating Lease Assets	$182.0M 93.6%	$94.0M 38.2%	$68.0M
Goodwill	$385.0M 115.1%	$179.0M 2.3%	$175.0M
Intangible Assets	$168.0M 342.1%	$38.0M -20.8%	$48.0M
Deferred Tax Assets	$515.0M -8.5%	$563.0M -86.8%	$4.3B
Other Noncurrent Assets	$697.0M 30.8%	$533.0M 336.9%	$122.0M
Total Assets	$38.1B 45.6%	$26.2B -19.0%	$32.3B
Liabilities
Accounts Payable	$463.0M 16.6%	$397.0M 3.4%	$384.0M
Accrued Liabilities	$28.8B 58.9%	$18.1B -29.1%	$25.5B
Deferred Revenue	$12.0B 60.9%	$7.4B 46.1%	$5.1B
Operating Lease Liabilities	$22.0M 4.8%	$21.0M 5.0%	$20.0M
Other Current Liabilities	$914.0M 243.6%	$266.0M 22.6%	$217.0M
Total Current Liabilities	$28.8B 58.9%	$18.1B -29.1%	$25.5B
Operating Lease Liabilities Noncurrent	$199.0M 80.9%	$110.0M 23.6%	$89.0M
Deferred Tax Liabilities	$231.0M 122.1%	$104.0M -97.2%	$3.7B
Other Noncurrent Liabilities	$215.0M 93.7%	$111.0M 22.0%	$91.0M
Total Liabilities	$29.0B 59.1%	$18.2B -28.9%	$25.6B
Equity
Preferred Stock	$0	$0	$0
Additional Paid In Capital	$11.3B -6.0%	$12.0B -1.1%	$12.1B
Retained Earnings	$-2.2B 46.7%	$-4.0B 25.9%	$-5.4B
Accumulated Other Comprehensive Income	$8.0M 900.0%	$-1.0M 66.7%	$-3.0M
Noncontrolling Interest	$11.0M	$0	—
Total Stockholders Equity	$9.2B 14.8%	$8.0B 19.1%	$6.7B
Total Liabilitiesand Equity	$38.1B 45.6%	$26.2B -19.0%	$32.3B

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	$4.5B 51.6%	$3.0B 58.2%	$1.9B
Expenses Research and Development	$355.0M 9.9%	$323.0M -7.4%	$349.0M
Expenses Selling,General and Administrative	$628.0M 38.0%	$455.0M -61.1%	$1.2B
Expenses Depreciation and Amortization	$23.0M 15.0%	$20.0M 42.9%	$14.0M
Expenses Share Based Compensation	$305.0M 0.3%	$304.0M -65.1%	$871.0M
Expenses Operating Expenses	$2.4B 25.4%	$1.9B -21.0%	$2.4B
Other Income Expense Operating Income	$1.9B 33.5%	$1.4B 360.8%	$-541.0M
Other Income Expense Interest Expense	$1.5B 36.5%	$1.1B 19.4%	$929.0M
Other Income Expense Other Income/expense	$14.0M 40.0%	$10.0M 233.3%	$3.0M
Other Income Expense Income Before Tax	$2.1B 98.1%	$1.1B 299.6%	$-533.0M
Income Tax Income Tax Expense	$225.0M 164.8%	$-347.0M -4437.5%	$8.0M
net Income net Income	$1.9B 33.5%	$1.4B 360.8%	$-541.0M
net Income Comprehensive Income	$1.9B 33.9%	$1.4B 359.7%	$-544.0M
Earnings Per Share Basic Eps	$2 32.5%	$2 362.3%	$-1
Earnings Per Share Diluted Eps	$2 31.4%	$2 355.7%	$-1
Earnings Per Share Weighted Average Shares Basic	$888.5M 0.8%	$881.1M -1.1%	$890.9M
Earnings Per Share Weighted Average Shares Diluted	$918.8M 1.4%	$906.2M 1.7%	$890.9M

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	$1.9B 33.5%	$1.4B 360.8%	$-541.0M
Operating Activities Depreciation and Amortization	$23.0M 15.0%	$20.0M 42.9%	$14.0M
Operating Activities Stock Based Compensation	$305.0M 0.3%	$304.0M -65.1%	$871.0M
Operating Activities Deferred Income Taxes	$181.0M 149.1%	$-369.0M	$0
Operating Activities Changes In Operating Assets and Liabilities	$9.2B 99.0%	$4.6B 1438.1%	$299.0M
Operating Activities Other Non Cash Items	$3.0M	$0 -100.0%	$8.0M
Operating Activities net Cash From Operating Activities	$1.6B 1143.3%	$-157.0M -113.3%	$1.2B
Investing Activities Business Acquisitions	$399.0M 6550.0%	$6.0M -93.5%	$93.0M
Investing Activities Purchases of Investments	$0	$0	$0
Investing Activities Other Investing Activities	$0 100.0%	$-2.0M 80.0%	$-10.0M
Investing Activities net Cash From Investing Activities	$141.0M 195.3%	$-148.0M 74.6%	$-582.0M
Financing Activities Proceeds From Debt	$4.8B 21500.0%	$22.0M 10.0%	$20.0M
Financing Activities Repayment of Debt	$4.8B 21500.0%	$22.0M 10.0%	$20.0M
Financing Activities Repurchase of Common Stock	$653.0M 154.1%	$257.0M -57.7%	$608.0M
Financing Activities Proceeds From Stock Issuance	$16.0M -11.1%	$18.0M 260.0%	$5.0M
Financing Activities Tax Withholding On Stock Based Compensation	$437.0M 79.1%	$244.0M 1933.3%	$12.0M
Financing Activities net Cash From Financing Activities	$-590.0M -71.0%	$-345.0M 43.4%	$-610.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$9.0M 1000.0%	$-1.0M	$0
Cash Reconciliation net Change In Cash	$1.2B 284.0%	$-651.0M -5818.2%	$-11.0M
Cash Reconciliation Cash At Beginning of Period	$9.9B 13.8%	$8.7B -7.0%	$9.3B
Cash Reconciliation Cash At End of Period	$9.9B 13.8%	$8.7B -7.0%	$9.3B

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	—	—	—

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Robinhood Markets, Inc.

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