HOOD financial statements

The full income statement, balance sheet, and cash-flow statement for Robinhood Markets Inc. (HOOD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.47B YoY+51.6%	2.95B YoY+58.2%	1.86B YoY+37.3%	1.36B YoY-25.2%	1.81B YoY+89.5%
	2.38B YoY+25.4%	1.90B YoY-21.0%	2.40B YoY+1.4%	2.37B YoY-31.5%	3.46B YoY+265.7%
Research & development	355M YoY+9.9%	323M YoY-7.4%	349M YoY-8.4%	381M YoY-13.0%	438M YoY+742.3%
Selling, general & administrative	628M YoY+38.0%	455M YoY-61.1%	1.17B YoY+26.5%	924M YoY-32.6%	1.37B YoY+364.7%
General & administrative	628M YoY+38.0%	455M YoY-61.1%	1.17B YoY+26.5%	924M YoY-32.6%	1.37B YoY+364.7%
Selling & marketing	399M YoY+46.7%	272M YoY+123.0%	122M YoY+18.4%	103M YoY-68.3%	325M YoY+74.7%
Amortization of intangibles	23.0M YoY+15.0%	20.0M YoY+42.9%	14.0M YoY+55.6%	9.00M YoY+200.0%	3.00M
Provision for credit losses	114M YoY+50.0%	76.0M YoY+76.7%	43.0M YoY+19.4%	36.0M YoY-53.8%	78.0M YoY+32.2%
Interest & investment income	—	—	—	103M YoY+10200.0%	1.00M YoY-50.0%
Net interest income	1.51B YoY+36.5%	1.11B YoY+19.4%	929M YoY+119.1%	424M YoY+65.6%	256M YoY+44.6%
Other non-operating income	14.0M YoY+40.0%	10.0M YoY+233.3%	3.00M YoY+118.8%	-16.0M YoY-1700.0%	1.00M
Pre-tax income	2.11B YoY+98.1%	1.06B YoY+299.6%	-533M YoY+48.1%	-1.03B YoY+72.1%	-3.69B YoY-28446.2%
Income tax	225M YoY+164.8%	-347M YoY-4437.5%	8.00M YoY+700.0%	1.00M YoY-50.0%	2.00M YoY-66.7%
	1.88B YoY+33.5%	1.41B YoY+360.8%	-541M YoY+47.4%	-1.03B YoY+72.1%	-3.69B YoY-52771.4%
Net income to common	1.88B YoY+33.5%	1.41B YoY+360.8%	-541M YoY+47.4%	-1.03B YoY+72.1%	-3.69B YoY-123000.0%
	$2.05 YoY+31.4%	$1.56 YoY+355.7%	-$0.61 YoY+47.9%	-$1.17 YoY+84.4%	-$7.49 YoY-75000.0%
EPS (basic)	$2.12 YoY+32.5%	$1.60 YoY+362.3%	-$0.61 YoY+47.9%	-$1.17 YoY+84.4%	-$7.49 YoY-75000.0%
	889M YoY+0.8%	881M YoY-1.1%	891M YoY+1.4%	879M YoY+78.4%	492M YoY+118.1%
	919M YoY+1.4%	906M YoY+1.7%	891M YoY+1.4%	879M YoY+78.4%	492M YoY+101.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	36.3B YoY+44.6%	25.1B YoY+47.0%	17.1B YoY-25.5%	22.9B YoY+18.8%	19.3B YoY+77.4%
Cash & equivalents	4.26B YoY-1.6%	4.33B YoY-10.4%	4.83B YoY-23.7%	6.34B YoY+1.4%	6.25B YoY+345.7%
Prepaid expenses	127M YoY+69.3%	75.0M YoY+19.0%	63.0M YoY-26.7%	86.0M YoY-6.5%	92.0M YoY+221.7%
Other current assets	798M YoY+36.6%	584M YoY+198.0%	196M YoY+172.2%	72.0M YoY+26.3%	57.0M YoY+17.2%
	38.1B YoY+45.6%	26.2B YoY+48.6%	17.6B YoY-24.5%	23.3B YoY+18.0%	19.8B YoY+79.9%
Property, plant & equipment	154M YoY+10.8%	139M YoY+15.8%	120M YoY-17.8%	146M YoY+0.0%	146M YoY+218.5%
Operating lease right-of-use	182M YoY+93.6%	94.0M YoY+38.2%	68.0M YoY-26.1%	92.0M YoY-28.7%	129M YoY+162.2%
Goodwill	385M YoY+115.1%	179M YoY+2.3%	175M YoY+75.0%	100M YoY-1.0%	101M
Intangible assets	168M YoY+342.1%	38.0M YoY-20.8%	48.0M YoY+92.0%	25.0M YoY-26.5%	34.0M YoY+18278.4%
Other non-current assets	697M YoY+30.8%	533M YoY+398.1%	107M YoY-18.9%	132M YoY-18.0%	161M YoY+157.6%
	28.8B YoY+58.9%	18.1B YoY+67.1%	10.8B YoY-33.3%	16.3B YoY+31.6%	12.3B YoY+40.1%
Accrued liabilities	463M YoY+16.6%	397M YoY+3.4%	384M YoY+107.6%	185M YoY-26.6%	252M YoY+140.8%
Deferred revenue	12.0B YoY+60.9%	7.45B YoY+46.1%	5.10B YoY+8.4%	4.70B YoY-27.4%	6.48B YoY+9.8%
Current lease liability	22.0M YoY+4.8%	21.0M YoY+5.0%	20.0M YoY-4.8%	21.0M YoY-4.5%	22.0M YoY+260.7%
Other current liabilities	914M YoY+243.6%	266M YoY+22.6%	217M YoY+106.7%	105M YoY-21.6%	134M YoY+48.0%
	29.0B YoY+59.1%	18.2B YoY+66.7%	10.9B YoY-33.3%	16.4B YoY+31.3%	12.5B YoY+40.7%
Non-current lease liability	199M YoY+80.9%	110M YoY+23.6%	89.0M YoY-29.9%	127M YoY-1.6%	129M YoY+168.8%
Other non-current liabilities	215M YoY+93.7%	111M YoY+22.0%	91.0M YoY-28.9%	128M YoY-0.8%	129M YoY+168.7%
	9.15B YoY+14.8%	7.97B YoY+19.1%	6.70B YoY-3.7%	6.96B YoY-4.6%	7.29B YoY+13360.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	11.3B YoY-6.0%	12.0B YoY-1.1%	12.1B YoY+2.4%	11.9B YoY+6.2%	11.2B YoY+8216.0%
Retained earnings	-2.15B YoY+46.7%	-4.04B YoY+25.9%	-5.45B YoY-11.0%	-4.91B YoY-26.5%	-3.88B YoY-1939.4%
Accumulated other comprehensive income	8.00M YoY+900.0%	-1.00M YoY+66.7%	-3.00M	0.00 YoY-100.0%	1.00M YoY+111.4%
Non-controlling interest	11.0M	0.00	—	—	—
Total equity incl. non-controlling	9.15B YoY+14.8%	7.97B YoY+19.1%	6.70B YoY-3.7%	6.96B	—
Total liabilities & equity	38.1B YoY+45.6%	26.2B YoY+48.6%	17.6B YoY-24.5%	23.3B YoY+18.0%	19.8B YoY+79.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.64B YoY+1143.3%	-157M YoY-113.3%	1.18B YoY+238.6%	-852M YoY+3.7%	-885M YoY-147.2%
Depreciation & amortization	86.0M YoY+11.7%	77.0M YoY+8.5%	71.0M YoY+16.4%	61.0M YoY+134.6%	26.0M YoY+160.0%
Share-based compensation	305M YoY+0.3%	304M YoY-65.1%	871M YoY+33.2%	654M YoY-58.4%	1.57B YoY+6450.0%
Deferred income taxes	181M YoY+149.1%	-369M	0.00	0.00 YoY+100.0%	-3.00M YoY-200.0%
Change in receivables	9.11B YoY+98.3%	4.59B YoY+1440.9%	298M YoY+108.8%	-3.39B YoY-200.7%	3.36B YoY+21.3%
Other operating activities	3.00M	0.00 YoY-100.0%	8.00M YoY-77.1%	35.0M YoY+3600.0%	-1.00M YoY-150.0%
	141M YoY+195.3%	-148M YoY+74.6%	-582M YoY-870.0%	-60.0M YoY+74.8%	-238M YoY-643.8%
Capital expenditure	15.0M YoY+15.4%	13.0M YoY+550.0%	2.00M YoY-92.9%	28.0M YoY-55.6%	63.0M YoY+162.5%
Free cash flow	1.62B YoY+1054.7%	-170M YoY-114.4%	1.18B YoY+234.0%	-880M YoY+7.2%	-948M YoY-151.2%
Acquisitions	0.00 YoY-100.0%	6.00M YoY-93.5%	93.0M	0.00 YoY-100.0%	125M
Other investing activities	0.00 YoY+100.0%	-2.00M YoY+80.0%	-10.0M YoY-150.0%	20.0M YoY+566.7%	3.00M
	-590M YoY-71.0%	-345M YoY+43.4%	-610M	0.00 YoY-100.0%	5.20B YoY+307.8%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	653M YoY+154.1%	257M YoY-57.7%	608M	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	9.00M YoY+1000.0%	-1.00M	0.00 YoY+100.0%	-1.00M	0.00
Net change in cash	1.20B YoY+284.0%	-651M YoY-5818.2%	-11.0M YoY+98.8%	-913M YoY-122.4%	4.08B YoY+30.8%
Interest paid	31.0M YoY+93.8%	16.0M YoY+33.3%	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+300.0%
Income taxes paid	95.0M YoY+427.8%	18.0M YoY+100.0%	9.00M YoY+125.0%	4.00M YoY-33.3%	6.00M YoY+0.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	104B YoY+207.8%	33.8B YoY+196.1%	11.4B YoY+58.8%	7.18B YoY-17.9%	8.74B
P/E	55.2× YoY+130.6%	23.9×	—	—	—
P/S	23.2× YoY+103.0%	11.4× YoY+78.0%	6.4× YoY+20.0%	5.4× YoY+11.2%	4.8×
P/B	11.4× YoY+168.1%	4.2× YoY+144.2%	1.7× YoY+68.0%	1.0× YoY-13.9%	1.2×
P/FCF	64.0×	—	28.7×	—	—
	1.8% YoY-56.6%	4.2%	—	—	—
	1.6%	—	3.5%	—	—
Source filing	10-K/A	10-K	10-K	10-K	10-K

About this data

Source: HOOD's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HOOD filings on SEC EDGAR → Not investment advice.