← Robinhood Markets, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($106.6m) | $7.4m | ($3.7b) | ($1.0b) | ($541.0m) | $1.4b | $1.9b | |
| Net Income From Continuing Operations | — | — | — | ($1.0b) | ($541.0m) | $1.4b | $1.9b | |
| Depreciation and amortization | $5.4m | $9.9m | $25.5m | $61.0m | $71.0m | $77.0m | $86.0m | |
| Amortization Cash Flow | — | — | — | $35.0m | $55.0m | $63.0m | $72.0m | |
| Amortization Of Intangibles | — | — | — | $35.0m | $55.0m | $63.0m | $72.0m | |
| Depreciation Amortization Depletion | — | — | — | $61.0m | $71.0m | $77.0m | $86.0m | |
| Deferred income taxes | — | — | — | $0 | $0 | ($369.0m) | $181.0m | |
| Deferred Income Tax | — | — | — | $0 | $0 | ($369.0m) | $181.0m | |
| Deferred Tax | — | — | — | $0 | $0 | ($369.0m) | $181.0m | |
| Share-based compensation | $26.7m | $24.3m | $1.6b | $654.0m | $871.0m | $304.0m | $305.0m | |
| Asset Impairment Charge | — | — | $0 | $45.0m | $5.0m | $2.0m | — | |
| Provision for credit losses | $11.1m | $59.1m | $78.3m | $36.0m | $43.0m | $76.0m | $114.0m | |
| Other | $141k | $0 | ($1.6m) | ($20.0m) | ($1.0m) | $1.0m | $0 | |
| Securities segregated under federal and other regulations | $0 | ($135.0m) | $135.0m | $0 | $0 | ($397.0m) | $197.0m | |
| Receivables from brokers, dealers, and clearing organizations | ($9.1m) | ($103.8m) | $36.2m | $12.0m | ($13.0m) | ($382.0m) | $62.0m | |
| Receivables from users, net | ($64.7m) | ($2.8b) | ($3.4b) | $3.4b | ($298.0m) | ($4.6b) | ($9.1b) | |
| Securities borrowed | — | $0 | $0 | ($517.0m) | ($1.1b) | ($1.6b) | $828.0m | |
| Deposits with clearing organizations | ($85.5m) | ($103.0m) | ($102.4m) | $142.0m | ($152.0m) | ($151.0m) | ($213.0m) | |
| Current and non-current prepaid expenses | — | $0 | ($135.0m) | $33.0m | $37.0m | ($25.0m) | ($28.0m) | |
| Current and non-current deferred customer match incentives | — | — | — | $0 | ($30.0m) | ($265.0m) | ($318.0m) | |
| Other current and non-current assets | ($47.8m) | ($46.1m) | ($189.0m) | ($26.0m) | ($48.0m) | ($415.0m) | ($152.0m) | |
| Accounts payable and accrued expenses | $13.9m | $67.1m | $134.1m | ($62.0m) | $134.0m | ($35.0m) | ($18.0m) | |
| Payables to users | $802.8m | $3.5b | $578.5m | ($1.8b) | $396.0m | $2.4b | $3.4b | |
| Securities loaned | $674.0m | $1.2b | $1.7b | ($1.8b) | $1.7b | $3.9b | $4.2b | |
| Other current and non-current liabilities | $39.6m | $86.8m | $121.5m | ($31.0m) | $45.0m | ($27.0m) | $228.0m | |
| Purchases of property, software, and equipment | $7.3m | $24.4m | ($63.0m) | ($28.0m) | ($2.0m) | ($13.0m) | ($15.0m) | |
| Capitalization of internally developed software | ($5.2m) | ($7.9m) | ($20.5m) | ($29.0m) | ($19.0m) | ($37.0m) | ($39.0m) | |
| Consideration transferred for business acquisitions and asset acquisitions | — | — | — | — | ($107.0m) | ($134.0m) | ($399.0m) | |
| Purchases of non-marketable securities | — | — | — | — | ($1.0m) | ($1.0m) | ($244.0m) | |
| Purchases of credit card receivables by Credit Card Funding Trust | — | — | — | $0 | $0 | ($748.0m) | ($5.2b) | |
| Collections of purchased credit card receivables | — | — | — | $0 | $0 | $556.0m | $4.4b | |
| Proceeds from exercise of stock options | $2.6m | $8.6m | $13.8m | $6.0m | $5.0m | $18.0m | $16.0m | |
| Draws on credit facilities | $137.0m | $937.7m | $2.0b | $21.0m | $20.0m | $22.0m | $4.8b | |
| Repayments on credit facilities | ($137.0m) | ($937.7m) | ($2.0b) | ($21.0m) | ($20.0m) | ($22.0m) | ($4.8b) | |
| Borrowings by the Credit Card Funding Trust | — | — | — | $0 | $0 | $132.0m | $468.0m | |
| Repayments on borrowings by the Credit Card Funding Trust | — | — | — | $0 | $0 | ($1.0m) | $0 | |
| Change in principal collected from customers due to Coastal Bank | — | — | $0 | $0 | $1.0m | $6.0m | $0 | |
| Beginning Cash Position | — | — | — | $10.3b | $9.4b | $9.3b | $8.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | $0 | ($610.0m) | ($345.0m) | ($590.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($60.0m) | ($582.0m) | ($148.0m) | $141.0m | |
| Change In Account Payable | — | — | — | ($62.0m) | $134.0m | ($35.0m) | ($18.0m) | |
| Change In Other Current Assets | — | — | — | ($26.0m) | ($18.0m) | ($415.0m) | ($152.0m) | |
| Change In Other Current Liabilities | — | — | — | ($1.8b) | $1.8b | $3.9b | $4.4b | |
| Change In Other Working Capital | — | — | $135.0m | — | ($30.0m) | ($662.0m) | ($121.0m) | |
| Change In Payable | — | — | — | ($1.8b) | $530.0m | $2.3b | $3.4b | |
| Change In Payables And Accrued Expense | — | — | — | ($1.8b) | $530.0m | $2.3b | $3.4b | |
| Change In Prepaid Assets | — | — | — | $175.0m | ($115.0m) | ($176.0m) | ($241.0m) | |
| Change In Receivables | — | — | — | $2.9b | ($1.4b) | ($6.6b) | ($8.2b) | |
| Change In Working Capital | — | — | — | ($655.0m) | $729.0m | ($1.7b) | ($934.0m) | |
| Changes In Account Receivables | — | — | — | $3.4b | ($311.0m) | ($5.0b) | ($9.0b) | |
| Changes In Cash | — | — | — | ($912.0m) | ($11.0m) | ($650.0m) | $1.2b | |
| End Cash Position | — | — | — | $9.4b | $9.3b | $8.7b | $9.9b | |
| Financing Cash Flow | — | — | $5.2b | $0 | ($610.0m) | ($345.0m) | — | |
| Free Cash Flow | — | — | — | ($909.0m) | $1.2b | ($207.0m) | $1.6b | |
| Investing Cash Flow | — | — | — | ($60.0m) | ($582.0m) | ($148.0m) | $141.0m | |
| Issuance Of Capital Stock | — | — | $2.1b | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | $0 | ($93.0m) | ($9.0m) | $794.0m | |
| Net PPE Purchase And Sale | — | — | — | ($28.0m) | ($2.0m) | ($13.0m) | ($15.0m) | |
| Net Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Other Non Cash Items | — | — | — | $35.0m | $8.0m | ($2.0m) | $3.0m | |
| Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | $21.0m | $22.0m | $19.0m | $34.0m | — | |
| Provisionand Write Offof Assets | — | — | — | $36.0m | $43.0m | $76.0m | $114.0m | |
| Purchase Of Business | — | — | — | $0 | ($107.0m) | ($134.0m) | ($399.0m) | |
| Purchase Of PPE | — | — | — | ($28.0m) | ($2.0m) | ($13.0m) | ($15.0m) | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($608.0m) | ($257.0m) | ($653.0m) | |
| Sale Of Business | — | — | — | — | $14.0m | $125.0m | $1.2b | |
| Stock Based Compensation | — | — | — | $654.0m | $871.0m | $304.0m | $305.0m | |
| Net cash provided by (used in) operating activities | $1.3b | $1.9b | ($884.8m) | ($852.0m) | $1.2b | ($157.0m) | $1.6b | |
| Capital Expenditure Reported | — | — | — | ($29.0m) | ($19.0m) | ($37.0m) | ($39.0m) | |
| Cash, cash equivalents, and segregated cash acquired in business acquisitions and asset acquisitions | — | — | — | — | $14.0m | $125.0m | $1.2b | |
| Purchases of held-to-maturity investments | — | — | $0 | $0 | ($759.0m) | ($556.0m) | $0 | |
| Net Investment Purchase And Sale | — | — | — | $17.0m | ($478.0m) | $101.0m | $156.0m | |
| Purchase Of Investment | — | — | — | ($25.0m) | ($760.0m) | ($557.0m) | ($244.0m) | |
| Proceeds from maturities of held-to-maturity investments | — | — | $0 | $0 | $282.0m | $658.0m | $400.0m | |
| Sale Of Investment | — | — | — | $42.0m | $282.0m | $658.0m | $400.0m | |
| Net Other Investing Changes | — | — | — | ($20.0m) | $10.0m | ($190.0m) | ($755.0m) | |
| Net cash provided by (used in) investing activities | ($12.3m) | ($32.3m) | ($237.9m) | ($60.0m) | ($582.0m) | ($148.0m) | $141.0m | |
| Payments of debt issuance costs | — | $0 | $0 | ($10.0m) | ($10.0m) | ($15.0m) | ($17.0m) | |
| Issuance Of Debt | — | — | — | $21.0m | $20.0m | $154.0m | $5.2b | |
| Long Term Debt Issuance | — | — | — | $21.0m | $20.0m | $154.0m | $5.2b | |
| Net Issuance Payments Of Debt | — | — | — | $0 | $0 | $131.0m | $468.0m | |
| Net Long Term Debt Issuance | — | — | — | $0 | $0 | $131.0m | $468.0m | |
| Net Short Term Debt Issuance | — | — | $3.6b | $0 | $0 | — | — | |
| Short Term Debt Issuance | — | — | $5.5b | $21.0m | $20.0m | — | — | |
| Long Term Debt Payments | — | — | — | ($21.0m) | ($20.0m) | ($23.0m) | ($4.8b) | |
| Repayment Of Debt | — | — | — | ($21.0m) | ($20.0m) | ($23.0m) | ($4.8b) | |
| Short Term Debt Payments | — | — | ($2.0b) | ($21.0m) | ($20.0m) | — | — | |
| Proceeds from issuance of common stock under the Employee Share Purchase Plan | $0 | $0 | $7.3m | $16.0m | $14.0m | $16.0m | $22.0m | |
| Common Stock Issuance | — | — | $2.1b | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | $0 | ($608.0m) | ($257.0m) | ($653.0m) | |
| Repurchase of Class A common stock | — | — | $0 | $0 | ($608.0m) | ($257.0m) | ($653.0m) | |
| Common Stock Payments | — | — | — | $0 | ($608.0m) | ($257.0m) | ($653.0m) | |
| Contributions from noncontrolling interests | — | — | — | — | $0 | $0 | $11.0m | |
| Net Other Financing Charges | — | — | — | ($22.0m) | ($21.0m) | ($253.0m) | ($443.0m) | |
| Net cash used in financing activities | $375.4m | $1.3b | $5.2b | $0 | ($610.0m) | ($345.0m) | ($590.0m) | |
| Effect of foreign exchange rate changes on cash and cash equivalents | $179k | $284k | ($68k) | ($1.0m) | $0 | ($1.0m) | $9.0m | |
| Effect Of Exchange Rate Changes | — | — | — | ($1.0m) | $0 | ($1.0m) | $9.0m | |
| Net increase (decrease) in cash, cash equivalents, segregated cash, and restricted cash | $1.6b | $3.1b | $4.1b | ($913.0m) | ($11.0m) | ($651.0m) | $1.2b | |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance | — | — | $10.3b | $9.4b | $9.3b | $8.7b | $9.9b | |
| Cash and cash equivalents, end of the period | $644.0m | $1.4b | $6.3b | $6.3b | $4.8b | $4.3b | $4.3b | |
| Segregated cash and cash equivalents, end of the period | $2.4b | $4.8b | $4.0b | $3.0b | $4.4b | $4.3b | $5.5b | |
| Restricted cash in other current assets, end of the period | — | — | $1.0m | $1.0m | $46.0m | $18.0m | $66.0m | |
| Restricted cash in other non-current assets, end of the period | — | — | $24.0m | $22.0m | $17.0m | $18.0m | $17.0m | |
| Change In Cash Supplemental As Reported | — | — | — | ($913.0m) | ($11.0m) | ($651.0m) | $1.2b | |
| Cash paid for interest | $621k | $3.2m | $11.9m | $12.0m | $12.0m | $16.0m | $31.0m | |
| Taxes paid related to net share settlement of equity awards | $0 | $0 | ($422.1m) | ($12.0m) | ($12.0m) | ($244.0m) | ($437.0m) | |
| Cash paid for income taxes, net of refund received | $1.4m | $5.7m | $6.1m | $4.0m | $9.0m | $18.0m | $95.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.