Robinhood Markets, Inc.

Financials Investment Banking & Brokerage Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.5B
                    3y CAGR +48.8%
                    
                    P98
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.9B
                    Net margin +42.1%
                    
                    P86
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$38.1B
                    ROA +4.9%
                    
                    P72
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    FCF margin +36.3%
                    
                    P65
                    
                    n/a

7 yrs · FY2019–FY2025 8 filed · 0 derived · 1 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

21 accounts · 1 year

Total assets $38.1B

Total liabilities $29.0B

Shareholders equity $9.2B

Account	2025	Trend
Assets
Cash and Cash Equivalents	26.2%
Other Current Assets	68.9%
Total Current Assets	95.2%
Property,Plant and Equipment	0.4%
Goodwill	1.0%
Intangible Assets	0.4%
Other Noncurrent Assets	2.9%
Total Assets	100.0%
Liabilities
Accounts Payable	1.2%
Deferred Revenue	31.4%
Other Current Liabilities	42.8%
Total Current Liabilities	75.4%
Other Noncurrent Liabilities	0.6%
Total Liabilities	76.0%
Equity
Preferred Stock	0.0%
Additional Paid In Capital	29.6%
Retained Earnings	-5.6%
Accumulated Other Comprehensive Income	0.0%
Total Stockholders Equity	24.0%
Noncontrolling Interest	0.0%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 1 year

Revenue $4.5B

Operating income Not reported

Net income $1.9B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	11.7%
Expenses Research and Development	2.4%
Expenses Selling,General and Administrative	2.7%
Expenses Other Operating Expenses	1.2%
Expenses Operating Expenses	6.2%
Other Income Expense Other Income/expense	0.0%
Other Income Expense Income Before Tax	5.5%
Income Tax Income Tax Expense	0.6%
net Income Other Items Below Tax	0.0%
net Income net Income	4.9%
net Income Comprehensive Income	5.0%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Diluted	2.4%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 1 year

Operating cash flow $1.6B

Investing cash flow $141.0M

Financing cash flow $-590.0M

Account	2025	Trend
CashFlow
Operating Activities net Income	4.9%
Operating Activities Depreciation and Amortization	0.2%
Operating Activities Stock Based Compensation	0.8%
Operating Activities Deferred Income Taxes	0.5%
Operating Activities Changes In Operating Assets and Liabilities	-2.4%
Operating Activities Other Non Cash Items	0.3%
Operating Activities net Cash From Operating Activities	4.3%
Investing Activities Capital Expenditures	-0.0%
Investing Activities Business Acquisitions	2.1%
Investing Activities Purchases of Investments	-0.6%
Investing Activities Proceeds From Sale of Investments	1.0%
Investing Activities Other Investing Activities	-2.1%
Investing Activities net Cash From Investing Activities	0.4%
Financing Activities Proceeds From Debt	13.7%
Financing Activities Repayment of Debt	-12.5%
Financing Activities Repurchase of Common Stock	-1.7%
Financing Activities Proceeds From Stock Issuance	0.1%
Financing Activities Tax Withholding On Stock Based Compensation	-1.1%
Financing Activities Other Financing Activities	-0.0%
Financing Activities net Cash From Financing Activities	-1.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%
Cash Reconciliation net Change In Cash	3.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	—
Operating margin	—
Net margin	+42.1%
FCF margin	+36.3%
Growth
Revenue CAGR (3y)	+48.8%
Returns
ROE	+20.6%
ROA	+4.9%
ROIC	—
Liquidity
Current ratio	1.26x
Quick ratio	—
Leverage
D/E	3.17x
Interest coverage	—
Efficiency
Asset turnover	0.12x
Cash conversion cycle	—

Valuation

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FY2025 fundamentals · no price

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Robinhood Markets, Inc.

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