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

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	$10.0B
Other Current Assets	$26.3B
Total Current Assets	$36.3B
Property,Plant and Equipment	$154.0M
Goodwill	$385.0M
Intangible Assets	$168.0M
Other Noncurrent Assets	$1.1B
Total Assets	$38.1B
Liabilities
Accounts Payable	$463.0M
Deferred Revenue	$12.0B
Other Current Liabilities	$16.3B
Total Current Liabilities	$28.8B
Other Noncurrent Liabilities	$215.0M
Total Liabilities	$29.0B
Equity
Preferred Stock	$0
Additional Paid In Capital	$11.3B
Retained Earnings	$-2.2B
Accumulated Other Comprehensive Income	$8.0M
Total Stockholders Equity	$9.2B
Noncontrolling Interest	$11.0M
Total Liabilitiesand Equity	$38.1B

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	$4.5B
Expenses Research and Development	$897.0M
Expenses Selling,General and Administrative	$1.0B
Expenses Other Operating Expenses	$455.0M
Expenses Operating Expenses	$2.4B
Other Income Expense Other Income/expense	$14.0M
Other Income Expense Income Before Tax	$2.1B
Income Tax Income Tax Expense	$225.0M
net Income Other Items Below Tax	$0
net Income net Income	$1.9B
net Income Comprehensive Income	$1.9B
Earnings Per Share Basic Eps	$2
Earnings Per Share Diluted Eps	$2
Earnings Per Share Weighted Average Shares Diluted	$918.8M

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	$1.9B
Operating Activities Depreciation and Amortization	$86.0M
Operating Activities Stock Based Compensation	$305.0M
Operating Activities Deferred Income Taxes	$181.0M
Operating Activities Changes In Operating Assets and Liabilities	$-934.0M
Operating Activities Other Non Cash Items	$117.0M
Operating Activities net Cash From Operating Activities	$1.6B
Investing Activities Capital Expenditures	$-15.0M
Investing Activities Business Acquisitions	$794.0M
Investing Activities Purchases of Investments	$-244.0M
Investing Activities Proceeds From Sale of Investments	$400.0M
Investing Activities Other Investing Activities	$-794.0M
Investing Activities net Cash From Investing Activities	$141.0M
Financing Activities Proceeds From Debt	$5.2B
Financing Activities Repayment of Debt	$-4.8B
Financing Activities Repurchase of Common Stock	$-653.0M
Financing Activities Proceeds From Stock Issuance	$38.0M
Financing Activities Tax Withholding On Stock Based Compensation	$-437.0M
Financing Activities Other Financing Activities	$-6.0M
Financing Activities net Cash From Financing Activities	$-590.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$9.0M
Cash Reconciliation net Change In Cash	$1.2B

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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