Robinhood Markets (HOOD) financial statements
Robinhood Markets reported revenue of $4.5B in fiscal 2025, up 58.9% a year over 6 years.
Net income was $1.9B.
Free cash flow was $1.6B, and the company returned $653M in net buybacks.
The diluted share count rose 314% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Robinhood Markets's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $278M | $958M | $1.8B | $1.4B | $1.9B | $3.0B | $4.5B |
| Research and development | $28M | $52M | $438M | $381M | $349M | $323M | $355M |
| Selling, general and admin | $210M | $481M | $1.7B | $1.0B | $1.3B | $727M | $1.0B |
| Pre-tax income | -$108M | $13M | -$3.7B | -$1.0B | -$533M | $1.1B | $2.1B |
| Income tax | -$1M | $6M | $2M | $1M | $8M | -$347M | $225M |
| Net income | -$107M | $7M | -$3.7B | -$1.0B | -$541M | $1.4B | $1.9B |
| EPS (diluted) | -$0.48 | $0.01 | -$7.49 | -$1.17 | -$0.61 | $1.56 | $2.05 |
| Diluted shares | 222M | 245M | 492M | 879M | 891M | 906M | 919M |
| Net margin | -38.4% | 0.7% | -203.1% | -75.7% | -29.0% | 47.8% | 42.1% |
Balance sheet
Fiscal years, from Robinhood Markets's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $644M | $1.4B | $6.3B | $6.3B | $4.8B | $4.3B | $4.3B |
| Total current assets | — | $10.9B | $19.3B | $22.9B | $17.1B | $25.1B | $36.3B |
| Property, plant and equipment | — | $46M | $146M | $146M | $120M | $139M | $154M |
| Goodwill | — | $0 | $101M | $100M | $175M | $179M | $385M |
| Total assets | — | $11.0B | $19.8B | $23.3B | $17.6B | $26.2B | $38.1B |
| Total current liabilities | — | $8.8B | $12.3B | $16.3B | $10.8B | $18.1B | $28.8B |
| Total liabilities | — | $8.9B | $12.5B | $16.4B | $10.9B | $18.2B | $29.0B |
| Shareholders' equity | -$97M | -$55M | $7.3B | $7.0B | $6.7B | $8.0B | $9.2B |
| Net debt | -$644M | -$1.4B | -$6.3B | -$6.3B | -$4.8B | -$4.3B | -$4.3B |
Cash flow
Fiscal years, from Robinhood Markets's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $1.9B | -$885M | -$852M | $1.2B | -$157M | $1.6B |
| Capital spending | $12M | $32M | $83M | $57M | $19M | $37M | $39M |
| Free cash flow | $1.2B | $1.8B | -$968M | -$909M | $1.2B | -$194M | $1.6B |
| Stock-based compensation | $27M | $24M | $1.6B | $654M | $871M | $304M | $305M |
| Share buybacks (net) | — | — | $0 | $0 | -$608M | -$257M | -$653M |
| Free cash flow margin | 449.5% | 192.5% | -53.3% | -66.9% | 62.3% | -6.6% | 35.7% |
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Open HOOD in InvestinglyQuestions
What was Robinhood Markets's revenue in 2025?
$4.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Robinhood Markets generate?
$1.6B in fiscal 2025 (operating cash flow minus capital spending).
From Robinhood Markets's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.