Robinhood Markets, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.5B | $3.0B | $1.9B | $1.4B | $1.8B |
| Research and development | $355.0M | $323.0M | $349.0M | $381.0M | $438.0M |
| Operating expenses | $2.4B | $1.9B | $2.4B | $2.4B | $3.5B |
| Pretax income | $2.1B | $1.1B | -$533.0M | -$1.0B | -$3.7B |
| Income tax expense | $225.0M | -$347.0M | $8.0M | $1.0M | $2.0M |
| Net income | $1.9B | $1.4B | -$541.0M | -$1.0B | -$3.7B |
| Balance Sheet | |||||
| Cash and equivalents | $4.3B | $4.3B | $4.8B | $6.3B | $6.3B |
| Current assets | $36.3B | $25.1B | $17.1B | $22.9B | $19.3B |
| Total assets | $38.1B | $26.2B | $17.6B | $23.3B | $19.8B |
| Current liabilities | $28.8B | $18.1B | $10.8B | $16.3B | $12.3B |
| Total liabilities | $29.0B | $18.2B | $10.9B | $16.4B | $12.5B |
| Stockholders' equity | $9.2B | $8.0B | $6.7B | $7.0B | $7.3B |
| Cash Flow Statement | |||||
| Cash from operations | $1.6B | -$157.0M | $1.2B | -$852.0M | -$885.0M |
| Depreciation and amortization | $86.0M | $77.0M | $71.0M | $61.0M | $26.0M |
| Stock-based compensation | $305.0M | $304.0M | $871.0M | $654.0M | $1.6B |
| Capital expenditure | — | — | — | $28.0M | $63.0M |
| Free cash flow | — | — | — | -$880.0M | -$948.0M |
| Share repurchases | $653.0M | $257.0M | $608.0M | $0 | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 900.5M · Free float 21.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.