Robinhood Markets, Inc. (HOOD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HOOD SEC filings page.
Robinhood Markets, Inc. (HOOD) reported $4.9B in revenue over the twelve months to Jun 30, 2026, up 38.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
By FY2025, growth had translated into profit and cash, while leverage rose and short-term balance-sheet cushion narrowed.
The sharpest earnings-quality test is the swing from a net loss of$541M with operating cash flow of$1.181B in FY2023 to$1.411B of profit but operating cash flow of-$157M in FY2024: accounting results did not consistently travel with cash. FY2025 repaired that gap, with$1.883B of profit alongside$1.638B of operating cash flow.
Leverage increased materially: debt-to-equity rose from 1.6x in FY2023 to 3.2x in FY2025. Over the same span, the current ratio fell from 1.6x to 1.3x, indicating expansion funded with a larger liability base and less short-term coverage.
Between FY2024 and FY2025, revenue rose
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Robinhood Markets, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Robinhood Markets, Inc. earned a return on assets of 4.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 5.4% the prior year. Earnings ranks banks on that return over three years, and Robinhood Markets, Inc. scores 96/100 among other banks.
Robinhood Markets, Inc. reported revenue of $4.5B in fiscal year 2025, against $3.0B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Robinhood Markets, Inc. scores 93/100 among other banks.
Robinhood Markets, Inc. funded 24.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $9.2B of equity against $38.1B of assets. Capital ranks banks on that cushion, and Robinhood Markets, Inc. scores 87/100 among other banks.
Not available for Robinhood Markets, Inc., and counted as zero in the overall score.
Not available for Robinhood Markets, Inc., and counted as zero in the overall score.
Robinhood Markets, Inc. reported net income of $1.9B in fiscal year 2025, against $1.4B in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Robinhood Markets, Inc. scores 4/100 among other banks.
Robinhood Markets, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Robinhood Markets, Inc. generates $0.87 in operating cash flow ($1.6B OCF vs $1.9B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Robinhood Markets, Inc. generated $1.3B in revenue in Q2 2026. This represents an increase of 32.3% from the same quarter a year earlier. Against the prior quarter it is up 22.6%.
Robinhood Markets, Inc. reported $561.0M in net income in Q2 2026. This represents an increase of 45.3% from the same quarter a year earlier. Against the prior quarter it is up 60.3%.
Robinhood Markets, Inc. earned $0.62 per diluted share (EPS) in Q2 2026. This represents an increase of 47.6% from the same quarter a year earlier. Against the prior quarter it is up 63.2%.
Not reported for Q2 2026.
Cash & Balance Sheet
Robinhood Markets, Inc. held $5.4B in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Robinhood Markets, Inc.'s net profit margin was 42.9% in Q2 2026, showing the share of revenue converted to profit. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.1 percentage points.
Robinhood Markets, Inc.'s ROE was 5.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Robinhood Markets, Inc. spent $414.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 233.9% from the same quarter a year earlier. Against the prior quarter it is up 65.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HOOD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+32.3% | $1.1B+15.1% | $1.3B+26.5% | $1.3B+100.0% | $989.0M+45.0% | $927.0M+50.0% | $1.0B+115.3% | $637.0M+36.4% |
| SG&A Expenses | $199.0M+50.8% | $174.0M+30.8% | $178.0M+154.3% | $185.0M+39.1% | $132.0M-1.5% | $133.0M+12.7% | $70.0M-47.4% | $133.0M-42.2% |
| Interest Expense | $10.0M+25.0% | $8.0M+33.3% | $10.0M+66.7% | $8.0M+33.3% | $8.0M+33.3% | $6.0M0.0% | $6.0M0.0% | $6.0M0.0% |
| Income Tax | $136.0M+142.9% | $65.0M+85.7% | $56.0M+115.6% | $78.0M+2500.0% | $56.0M+1766.7% | $35.0M+600.0% | -$358.0M-35700.0% | $3.0M-70.0% |
| Net Income | $561.0M+45.3% | $350.0M+4.2% | $605.0M-34.0% | $556.0M+270.7% | $386.0M+105.3% | $336.0M+114.0% | $916.0M+2953.3% | $150.0M+276.5% |
| EPS (Basic) | $0.62+40.9% | $0.39+2.6% | $0.68-34.6% | $0.63+270.6% | $0.44+109.5% | $0.38+111.1% | $1.04+3366.7% | $0.17+288.9% |
| EPS (Diluted) | $0.62+47.6% | $0.38+2.7% | $0.66-34.7% | $0.61+258.8% | $0.42+100.0% | $0.37+105.6% | $1.01+3266.7% | $0.17+288.9% |
| Diluted Shares (Avg) | 912M+0.3% | 915M+0.6% | N/A | 918M+1.4% | 909M+0.5% | 909M+1.5% | N/A | 906M+1.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
HOOD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $56.5B+60.1% | $45.5B+65.3% | $38.1B+45.6% | $41.5B-4.1% | $35.3B-14.6% | $27.5B-40.3% | $26.2B+48.6% | $43.2B+64.3% |
| Current Assets | $54.5B+61.2% | $43.4B+65.6% | $36.3B+44.6% | $40.0B-6.2% | $33.8B-16.9% | $26.2B-42.4% | $25.1B+47.0% | $42.6B+65.5% |
| Cash & Equivalents | $5.4B+28.8% | $5.0B+13.5% | $4.3B-1.6% | $4.3B-6.1% | $4.2B-8.0% | $4.4B-6.4% | $4.3B-10.4% | $4.6B-5.7% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $53.0M-89.9% | $134.0M-73.4% | $192.0M-61.2% | $398.0M-3.6% | $527.0M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $516.0M+34.7% | $401.0M+37.3% | $385.0M+115.1% | $386.0M+115.6% | $383.0M+114.0% | $292.0M+66.9% | $179.0M+2.3% | $179.0M+9.1% |
| Total Liabilities | $47.0B+72.5% | $35.8B+82.9% | $29.0B+59.1% | $32.9B-8.7% | $27.3B-20.4% | $19.6B-50.1% | $18.2B+66.7% | $36.0B+82.5% |
| Current Liabilities | $44.6B+64.4% | $35.6B+83.0% | $28.8B+58.9% | $32.8B-8.9% | $27.1B-20.6% | $19.4B-50.3% | $18.1B+67.1% | $36.0B+83.0% |
| Non-Current Liabilities | $2.4B+1771.5% | $232.0M+74.4% | $215.0M+93.7% | $123.0M+55.7% | $130.0M+54.8% | $133.0M+47.8% | $111.0M+22.0% | $79.0M-17.7% |
| Total Equity | $9.5B+18.2% | $9.7B+21.8% | $9.2B+14.8% | $8.6B+18.9% | $8.1B+13.3% | $8.0B+15.5% | $8.0B+19.1% | $7.2B+9.6% |
| Retained Earnings | -$1.2B+62.5% | -$1.8B+51.3% | -$2.2B+46.7% | -$2.8B+44.3% | -$3.3B+35.1% | -$3.7B+30.1% | -$4.0B+25.9% | -$5.0B+9.6% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.
HOOD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $720.0M-79.5% | $2.0B+217.4% | -$937.0M+33.1% | -$1.6B-187.0% | $3.5B+6398.1% | $642.0M+203.0% | -$1.4B-245.8% | $1.8B+285.5% |
| Depreciation & Amortization | $23.0M+9.5% | $23.0M+15.0% | $23.0M+4.5% | $22.0M+10.0% | $21.0M+16.7% | $20.0M+17.6% | $22.0M+29.4% | $20.0M+5.3% |
| Stock-Based Compensation | $105.0M+34.6% | $92.0M+26.0% | N/A | $78.0M-1.3% | $78.0M-9.3% | $73.0M+17.7% | N/A | $79.0M-4.8% |
| Investing Cash Flow | -$770.0M-192.5% | -$284.0M-3255.6% | -$558.0M-1741.2% | -$142.0M-15.4% | $832.0M+7033.3% | $9.0M+119.1% | $34.0M+1233.3% | -$123.0M-26.8% |
| Financing Cash Flow | $1.9B+766.4% | $180.0M+143.2% | $118.0M+166.3% | -$5.0M+94.7% | -$286.0M-581.0% | -$417.0M-1290.0% | -$178.0M-2077.8% | -$95.0M+84.6% |
| Share Buybacks | $414.0M+233.9% | $250.0M-22.4% | $100.0M-37.5% | $107.0M+10.3% | $124.0M | $322.0M | $160.0M | $97.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
HOOD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 42.9%+3.9pp | 32.8%-3.4pp | 47.2%-43.2pp | 43.6%+20.1pp | 39.0%+11.5pp | 36.3%+10.8pp | 90.3%+84.0pp | 23.5%+41.8pp |
| Return on Equity | 5.9%+1.1pp | 3.6%-0.6pp | 6.6%-4.9pp | 6.5%+4.4pp | 4.8%+2.1pp | 4.2%+1.9pp | 11.5%+11.0pp | 2.1%+3.4pp |
| Return on Assets | 1.0%-0.1pp | 0.8%-0.5pp | 1.6%-1.9pp | 1.3%+1.0pp | 1.1%+0.6pp | 1.2%+0.9pp | 3.5%+3.3pp | 0.4%+0.7pp |
| Current Ratio | 1.220.0x | 1.22-0.1x | 1.26-0.1x | 1.220.0x | 1.25+0.1x | 1.35+0.2x | 1.39-0.2x | 1.18-0.1x |
| Debt-to-Equity | 4.93+1.6x | 3.69+1.2x | 3.17+0.9x | 3.84-1.2x | 3.38-1.4x | 2.46-3.2x | 2.28+0.7x | 5.00+2.0x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Robinhood Markets, Inc. HOOD | FY2025 | $4.5B | $1.9B | 42.1% | $101.4B | 47/100 |
| Interactive Brokers Group, Inc. IBKR | FY2025 | $6.2B | $4.4B | 70.2% | $40.0B | 52/100 |
| The Charles Schwab Corporation SCHW | FY2025 | $23.9B | $8.9M | 0.0% | $167.2B | 41/100 |
| LPL Financial Holdings Inc. LPLA | FY2025 | $17.0B | $863.0M | 5.1% | $24.9B | 54/100 |
| Tradeweb Markets Inc. TW | FY2025 | $2.1B | $812.8M | 39.6% | $21.6B | 52/100 |
| Futu Holdings Limited FUTU | FY2025 | $2.9B | $1.5B | 49.6% | $14.3B | 50/100 |
Where Robinhood Markets, Inc. Ranks
Frequently Asked Questions
What is Robinhood Markets, Inc.'s annual revenue?
Robinhood Markets, Inc. (HOOD) reported $4.5B in total revenue for fiscal year 2025. This represents a 51.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Robinhood Markets, Inc.'s revenue growing?
Robinhood Markets, Inc. (HOOD) revenue grew by 51.6% year-over-year, from $3.0B to $4.5B in fiscal year 2025.
Is Robinhood Markets, Inc. profitable?
Yes, Robinhood Markets, Inc. (HOOD) reported a net income of $1.9B in fiscal year 2025, with a net profit margin of 42.1%.
What is Robinhood Markets, Inc.'s net profit margin?
Robinhood Markets, Inc. (HOOD) had a net profit margin of 42.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Robinhood Markets, Inc.'s return on equity (ROE)?
Robinhood Markets, Inc. (HOOD) has a return on equity of 20.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Robinhood Markets, Inc.'s operating cash flow?
Robinhood Markets, Inc. (HOOD) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Robinhood Markets, Inc.'s total assets?
Robinhood Markets, Inc. (HOOD) had $38.1B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Robinhood Markets, Inc. spend on research and development?
Robinhood Markets, Inc. (HOOD) invested $355.0M in research and development during fiscal year 2025.
What is Robinhood Markets, Inc.'s current ratio?
Robinhood Markets, Inc. (HOOD) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.
What is Robinhood Markets, Inc.'s debt-to-equity ratio?
Robinhood Markets, Inc. (HOOD) had a debt-to-equity ratio of 3.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Robinhood Markets, Inc.'s return on assets (ROA)?
Robinhood Markets, Inc. (HOOD) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Robinhood Markets, Inc.'s P/E ratio?
Robinhood Markets, Inc. (HOOD) trades at 48.9x earnings, its market capitalization divided by net income of $2.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $101.4B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Robinhood Markets, Inc.'s price-to-sales ratio?
Robinhood Markets, Inc. (HOOD) trades at 20.6x sales, its market capitalization divided by revenue of $4.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $101.4B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Robinhood Markets, Inc.'s Piotroski F-Score?
Robinhood Markets, Inc. (HOOD) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Robinhood Markets, Inc.'s earnings high quality?
Robinhood Markets, Inc. (HOOD) has an earnings quality ratio of 0.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Robinhood Markets, Inc.?
Robinhood Markets, Inc. (HOOD) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.