What is Robinhood Markets, Inc.'s earnings per share (EPS)?

Robinhood Markets, Inc. (HOOD) reported diluted earnings per share of $2.05 for fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Robinhood Markets, Inc. Financials

HOOD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Robinhood Markets, Inc. (HOOD) financial statements, including the 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).

Financial Health Signals

Financial Profile 54/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Robinhood Markets, Inc.'s revenue surged 51.6% year-over-year to $4.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Robinhood Markets, Inc. has a moderate D/E ratio of 3.17. This balance of debt and equity financing earns a leverage score of 37/100.

Liquidity

Robinhood Markets, Inc.'s current ratio of 1.26 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.

Returns

Robinhood Markets, Inc.'s ROE of 20.6% shows moderate profitability relative to equity, earning a score of 57/100. This is up from 17.7% the prior year.

Piotroski F-Score Weak

3/9

Robinhood Markets, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

0.87x

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

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Earnings & Revenue

Revenue

$4.5B

YoY+51.6%

5Y CAGR+36.1%

Robinhood Markets, Inc. generated $4.5B in revenue in fiscal year 2025. This represents an increase of 51.6% from the prior year.

EBITDA

N/A

Net Income

$1.9B

YoY+33.5%

5Y CAGR+206.2%

Robinhood Markets, Inc. reported $1.9B in net income in fiscal year 2025. This represents an increase of 33.5% from the prior year.

EPS (Diluted)

$2.05

YoY+31.4%

5Y CAGR+190.0%

Robinhood Markets, Inc. earned $2.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.3B

YoY-1.6%

5Y CAGR+24.9%

Robinhood Markets, Inc. held $4.3B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

42.1%

YoY-5.7pp

5Y CAGR+41.4pp

Robinhood Markets, Inc.'s net profit margin was 42.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.7 percentage points from the prior year.

Return on Equity

20.6%

YoY+2.9pp

Robinhood Markets, Inc.'s ROE was 20.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$355.0M

YoY+9.9%

5Y CAGR+46.8%

Robinhood Markets, Inc. invested $355.0M in research and development in fiscal year 2025. This represents an increase of 9.9% from the prior year.

Share Buybacks

$653.0M

YoY+154.1%

Robinhood Markets, Inc. spent $653.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 154.1% from the prior year.

Capital Expenditures

N/A

HOOD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.5B+51.6%	$3.0B+58.2%	$1.9B+37.3%	$1.4B-25.2%	$1.8B+89.5%	$958.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$355.0M+9.9%	$323.0M-7.4%	$349.0M-8.4%	$381.0M-13.0%	$438.0M+742.3%	$52.0M
SG&A Expenses	$628.0M+38.0%	$455.0M-61.1%	$1.2B+26.5%	$924.0M-32.6%	$1.4B+364.7%	$295.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.5B+36.5%	$1.1B+19.4%	$929.0M+119.1%	$424.0M+65.6%	$256.0M+44.6%	$177.0M
Income Tax	$225.0M+164.8%	-$347.0M-4437.5%	$8.0M+700.0%	$1.0M-50.0%	$2.0M-66.7%	$6.0M
Net Income	$1.9B+33.5%	$1.4B+360.8%	-$541.0M+47.4%	-$1.0B+72.1%	-$3.7B-52771.4%	$7.0M
EPS (Diluted)	$2.05+31.4%	$1.56+355.7%	$-0.61+47.9%	$-1.17+84.4%	$-7.49-75000.0%	$0.01

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.3B+0.7%	$1.3B+28.8%	$989.0M+6.7%	$927.0M-8.6%	$1.0B+59.2%	$637.0M-6.6%	$682.0M+10.4%	$618.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$178.0M-3.8%	$185.0M+40.2%	$132.0M-0.8%	$133.0M+90.0%	$70.0M-47.4%	$133.0M-0.7%	$134.0M+13.6%	$118.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$411.0M-9.9%	$456.0M+27.7%	$357.0M+23.1%	$290.0M-2.0%	$296.0M+8.0%	$274.0M-3.9%	$285.0M+12.2%	$254.0M
Income Tax	$56.0M-28.2%	$78.0M+39.3%	$56.0M+60.0%	$35.0M+109.8%	-$358.0M-12033.3%	$3.0M0.0%	$3.0M-40.0%	$5.0M
Net Income	$605.0M+8.8%	$556.0M+44.0%	$386.0M+14.9%	$336.0M-63.3%	$916.0M+510.7%	$150.0M-20.2%	$188.0M+19.7%	$157.0M
EPS (Diluted)	N/A	$0.61+45.2%	$0.42+13.5%	$0.37	N/A	$0.17-19.0%	$0.21+16.7%	$0.18

HOOD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$38.1B+45.6%	$26.2B+48.6%	$17.6B-24.5%	$23.3B+18.0%	$19.8B+79.9%	$11.0B
Current Assets	$36.3B+44.6%	$25.1B+47.0%	$17.1B-25.5%	$22.9B+18.8%	$19.3B+77.4%	$10.9B
Cash & Equivalents	$4.3B-1.6%	$4.3B-10.4%	$4.8B-23.7%	$6.3B+1.4%	$6.3B+345.7%	$1.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$385.0M+115.1%	$179.0M+2.3%	$175.0M+75.0%	$100.0M-1.0%	$101.0M	$0
Total Liabilities	$29.0B+59.1%	$18.2B+66.7%	$10.9B-33.3%	$16.4B+31.3%	$12.5B+40.7%	$8.9B
Current Liabilities	$28.8B+58.9%	$18.1B+67.1%	$10.8B-33.3%	$16.3B+31.6%	$12.3B+40.1%	$8.8B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.2B+14.8%	$8.0B+19.1%	$6.7B-3.7%	$7.0B-4.6%	$7.3B+13360.0%	-$55.0M
Retained Earnings	-$2.2B+46.7%	-$4.0B+25.9%	-$5.4B-11.0%	-$4.9B-26.5%	-$3.9B-1939.4%	-$190.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$38.1B-8.0%	$41.5B+17.3%	$35.3B+28.4%	$27.5B+5.1%	$26.2B-39.4%	$43.2B+4.6%	$41.3B-10.3%	$46.1B
Current Assets	$36.3B-9.2%	$40.0B+18.2%	$33.8B+29.1%	$26.2B+4.4%	$25.1B-41.1%	$42.6B+4.7%	$40.7B-10.6%	$45.5B
Cash & Equivalents	$4.3B-1.6%	$4.3B+4.1%	$4.2B-5.8%	$4.4B+1.9%	$4.3B-6.1%	$4.6B+1.9%	$4.5B-4.1%	$4.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$385.0M-0.3%	$386.0M+0.8%	$383.0M+31.2%	$292.0M+63.1%	$179.0M0.0%	$179.0M0.0%	$179.0M+2.3%	$175.0M
Total Liabilities	$29.0B-11.9%	$32.9B+20.7%	$27.3B+39.3%	$19.6B+7.4%	$18.2B-49.5%	$36.0B+5.3%	$34.2B-12.7%	$39.2B
Current Liabilities	$28.8B-12.2%	$32.8B+20.8%	$27.1B+39.6%	$19.4B+7.3%	$18.1B-49.7%	$36.0B+5.3%	$34.1B-12.7%	$39.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.2B+6.8%	$8.6B+6.1%	$8.1B+1.5%	$8.0B-0.2%	$8.0B+10.6%	$7.2B+1.2%	$7.1B+3.4%	$6.9B
Retained Earnings	-$2.2B+21.9%	-$2.8B+16.8%	-$3.3B+10.4%	-$3.7B+8.3%	-$4.0B+18.5%	-$5.0B+2.9%	-$5.1B+3.6%	-$5.3B

HOOD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.6B+1143.3%	-$157.0M-113.3%	$1.2B+238.6%	-$852.0M+3.7%	-$885.0M-147.2%	$1.9B
Capital Expenditures	N/A	N/A	N/A	$28.0M-55.6%	$63.0M+162.5%	$24.0M
Free Cash Flow	N/A	N/A	N/A	-$880.0M+7.2%	-$948.0M-151.2%	$1.9B
Investing Cash Flow	$141.0M+195.3%	-$148.0M+74.6%	-$582.0M-870.0%	-$60.0M+74.8%	-$238.0M-643.8%	-$32.0M
Financing Cash Flow	-$590.0M-71.0%	-$345.0M+43.4%	-$610.0M	$0-100.0%	$5.2B+307.8%	$1.3B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$653.0M+154.1%	$257.0M-57.7%	$608.0M	$0	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$937.0M+40.5%	-$1.6B-144.9%	$3.5B+446.6%	$642.0M+145.9%	-$1.4B-177.3%	$1.8B+3255.6%	$54.0M+108.7%	-$623.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$558.0M-293.0%	-$142.0M-117.1%	$832.0M+9144.4%	$9.0M-73.5%	$34.0M+127.6%	-$123.0M-925.0%	-$12.0M+74.5%	-$47.0M
Financing Cash Flow	$118.0M+2460.0%	-$5.0M+98.3%	-$286.0M+31.4%	-$417.0M-134.3%	-$178.0M-87.4%	-$95.0M-126.2%	-$42.0M-40.0%	-$30.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$100.0M-6.5%	$107.0M-13.7%	$124.0M-61.5%	$322.0M+101.3%	$160.0M+64.9%	$97.0M	$0	$0

HOOD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	42.1%-5.7pp	47.8%+76.8pp	-29.0%+46.7pp	-75.7%+127.4pp	-203.1%-203.9pp	0.7%
Return on Equity	20.6%+2.9pp	17.7%+25.8pp	-8.1%+6.7pp	-14.8%+35.8pp	-50.6%	N/A
Return on Assets	4.9%-0.5pp	5.4%+8.5pp	-3.1%+1.3pp	-4.4%+14.2pp	-18.6%-18.7pp	0.1%
Current Ratio	1.26-0.1	1.39-0.2	1.58+0.2	1.41-0.2	1.56+0.3	1.23
Debt-to-Equity	3.17+0.9	2.28+0.7	1.63-0.7	2.35+0.6	1.71+162.9	-161.16
FCF Margin	N/A	N/A	N/A	-64.8%-12.6pp	-52.2%-245.5pp	193.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	47.2%+3.5pp	43.6%+4.6pp	39.0%+2.8pp	36.3%-54.1pp	90.3%+66.8pp	23.5%-4.0pp	27.6%+2.2pp	25.4%
Return on Equity	6.6%+0.1pp	6.5%+1.7pp	4.8%+0.6pp	4.2%-7.3pp	11.5%+9.4pp	2.1%-0.6pp	2.6%+0.4pp	2.3%
Return on Assets	1.6%+0.3pp	1.3%+0.3pp	1.1%-0.1pp	1.2%-2.3pp	3.5%+3.1pp	0.4%-0.1pp	0.4%+0.1pp	0.3%
Current Ratio	1.26+0.0	1.22-0.0	1.25-0.1	1.35-0.0	1.39+0.2	1.180.0	1.19+0.0	1.16
Debt-to-Equity	3.17-0.7	3.84+0.5	3.38+0.9	2.46+0.2	2.28-2.7	5.00+0.2	4.81-0.9	5.69
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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.

Does Robinhood Markets, Inc. buy back shares?

Yes, Robinhood Markets, Inc. (HOOD) spent $653.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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 Piotroski F-Score?

Robinhood Markets, Inc. (HOOD) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 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 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.