← Robinhood Markets, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $1.4b | $6.3b | $6.3b | $4.8b | $4.3b | $4.3b | |
| Cash, cash equivalents, and securities segregated under federal and other regulations | — | — | — | $4.4b | $4.7b | $5.7b | |
| Receivables from brokers, dealers, and clearing organizations | $124.5m | $88.3m | $76.0m | $89.0m | $471.0m | $426.0m | |
| Receivables from users, net | $3.4b | $6.6b | $3.2b | $3.5b | $8.2b | $18.0b | |
| Other current assets, including current prepaid expenses of $75 as of December 31, 2024 and $127 as of December 31, 2025 | $48.7m | $120.8m | $72.0m | $207.0m | $509.0m | $798.0m | |
| Other non-current assets, including non-current prepaid expenses of $17 as of December 31, 2024 and $11 as of December 31, 2025 | $62.5m | $180.8m | $132.0m | $122.0m | $533.0m | $697.0m | |
| Total current assets | $10.9b | $19.3b | $22.9b | $31.8b | $25.1b | $36.3b | |
| Property, software, and equipment, net | $45.8m | $146.4m | $146.0m | $120.0m | $139.0m | $154.0m | |
| Goodwill | $0 | $100.5m | $100.0m | $175.0m | $179.0m | $385.0m | |
| Intangible assets, net | $185k | $34.1m | $25.0m | $48.0m | $38.0m | $168.0m | |
| Securities borrowed | — | $0 | $517.0m | $1.6b | $3.2b | $2.4b | |
| Deposits with clearing organizations | $225.5m | $327.9m | $186.0m | $338.0m | $489.0m | $702.0m | |
| User-held fractional shares | $802.5m | $1.8b | $997.0m | $1.6b | $2.5b | $3.8b | |
| Held-to-maturity investments | — | — | $0 | $413.0m | $398.0m | $0 | |
| Deferred customer match incentives | — | — | — | $11.0m | $100.0m | $185.0m | |
| Non-current deferred customer match incentives | — | — | — | $19.0m | $195.0m | $428.0m | |
| Payables to users | $5.9b | $6.5b | $4.7b | $5.1b | $7.4b | $12.0b | |
| Securities loaned | $1.9b | $3.7b | $1.8b | $3.5b | $7.5b | $11.6b | |
| Fractional shares repurchase obligation | $802.5m | $1.8b | $997.0m | $1.6b | $2.5b | $3.8b | |
| Other current liabilities | $90.6m | $133.8m | $105.0m | $217.0m | $266.0m | $914.0m | |
| Other non-current liabilities | $48.0m | $128.7m | $128.0m | $91.0m | $111.0m | $215.0m | |
| Non-controlling interest | — | — | — | — | $0 | $11.0m | |
| Total stockholders’ equity | ($55.3m) | $7.3b | $7.0b | $6.7b | $8.0b | $9.2b | |
| Total assets | $11.0b | $19.8b | $23.3b | $32.3b | $26.2b | $38.1b | |
| Total liabilities and stockholders’ equity | $11.0b | $19.8b | $23.3b | $32.3b | $26.2b | $38.1b | |
| Accounts payable and accrued expenses | $104.6m | $252.3m | $185.0m | $384.0m | $397.0m | $463.0m | |
| Total current liabilities | $8.8b | $12.3b | $16.3b | $25.5b | $18.1b | $28.8b | |
| Total liabilities | $8.9b | $12.5b | $16.4b | $25.6b | $18.2b | $29.0b | |
| Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and December 31, 2025. | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, value | $1k | $86k | $0 | $0 | $0 | $0 | |
| Additional paid-in capital | $134.3m | $11.2b | $11.9b | $12.1b | $12.0b | $11.3b | |
| Accumulated other comprehensive income (loss) | $473k | $405k | $0 | ($3.0m) | ($1.0m) | $8.0m | |
| Accumulated deficit | ($190.1m) | ($3.9b) | ($4.9b) | ($5.4b) | ($4.0b) | ($2.2b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.