Robinhood Markets, Inc.

HOOD 10-Q · Q2 2025

HOOD Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue (Q)
Show Product Lines breakouts
Cryptocurrencies 160 81 +97.5%
Equities 66 40 +65.0%
Financial Service Other 93 70 +32.9%
Options 265 182 +45.6%
Other 13 6 +116.7%
Other 48 24 +100.0%
Proxy revenues 36 38 -5.3%
Robinhood Gold subscription revenues 44 26 +69.2%
Transaction-based revenues 539 327 +64.8%
Interest Income Expense Net 357 285 +25.3%
Show Product Lines breakouts
Fully-Paid Securities Lending 34 23 +47.8%
Revenue 989 682 +45.0%
Floor Brokerage Exchange And Clearance Fees 48 40 +20.0%
Technology And Development Expense 214 209 +2.4%
Other Cost And Expense Operating 29 28 +3.6%
Provision For Doubtful Accounts 28 18 +55.6%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Brokerage Related Receivables 9 4 +125.0%
Marketing Expense 99 64 +54.7%
General & Administrative 132 134 -1.5%
Operating Expenses 550 493 +11.6%
Other Non-Operating Income (Expense) 3 2 +50.0%
Income Before Taxes 442 191 +131.4%
Income Tax Expense (Benefit) 56 3 +1766.7%
Net Income 386 188 +105.3%
Show Equity Components breakouts
Retained Earnings 386 188 +105.3%
Show Statement Class Of Stock breakouts
Common Class A 336 162 +107.4%
Common Class B 50 26 +92.3%
Net Income Loss Available To Common Stockholders Basic 386 188 +105.3%
Show Statement Class Of Stock breakouts
Common Class A 336 162 +107.4%
Common Class B 50 26 +92.3%
Net Income Loss Available To Common Stockholders Diluted 386 188 +105.3%
Show Statement Class Of Stock breakouts
Common Class A 386 188 +105.3%
Common Class B 48 25 +92.0%
EPS (Basic) 0.44 0.21 +109.5%
Show Statement Class Of Stock breakouts
Common Class A 0.44 0.21 +109.5%
Common Class B 0.44 0.21 +109.5%
EPS (Diluted) 0.42 0.21 +100.0%
Show Statement Class Of Stock breakouts
Common Class A 0.42 0.21 +100.0%
Common Class B 0.42 0.21 +100.0%
Wtd Avg Shares (Basic) 882,149,402 881,076,624 +0.1%
Show Statement Class Of Stock breakouts
Common Class A 766,921,920 757,466,271 +1.2%
Common Class B 115,227,482 123,610,353 -6.8%
Wtd Avg Shares (Diluted) 909,127,658 904,490,572 +0.5%
Show Statement Class Of Stock breakouts
Common Class A 909,127,658 904,490,572 +0.5%
Common Class B 115,227,482 123,610,353 -6.8%
Comprehensive Income 393 190 +106.8%
Other Comprehensive Income 7 2 +250.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 7 2 +250.0%
Interest Expense Operating (Q)
Show Product Lines breakouts
Fully-Paid Securities Lending -6 -4 -50.0%
Interest Income Operating (Q)
Show Product Lines breakouts
Fully-Paid Securities Lending 40 27 +48.1%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 4,162 4,524 -8.0%
Cash And Securities Segregated Under Federal And Other Regulations 8,939
Receivables From Brokers Dealers And Clearing Organizations 374 149 +151.0%
Contract With Customer Receivable After Allowance For Credit Loss Current 9,685
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Credit Card Receivables 360
Credit Card Receivables · Financial Asset Not Past Due 349
Credit Card Receivables · Financial Asset Past Due 11
Credit Card Receivables · Financing Receivables Equal To Greater Than90 Days Past Due 3
Credit Card Receivables · Less than 90 days 8
Securities Borrowed 6,159 2,217 +177.8%
Deposits With Clearing Organizations And Others Securities 720 551 +30.7%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · US Treasury Securities 1 149 -99.3%
Show Financial Instrument breakouts
US Treasury Securities · Fair Value Measurements Recurring 1 149 -99.3%
User Held Fractional Shares Amount 3,083 2,011 +53.3%
Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss Current 134 503 -73.4%
Prepaid Expense Current 108 65 +66.2%
Deferred Costs Current 124 67 +85.1%
Other Assets Current 345 352 -2.0%
Total Current Assets 33,833 40,706 -16.9%
Non-Current Assets
Property, Plant & Equipment 149 123 +21.1%
Goodwill 383
Other Non-Current Assets 501 132 +279.5%
Total Assets 35,324 41,346 -14.6%
Operating Lease Right-of-Use Assets 99 66 +50.0%
Intangible Assets 147
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 60
Developed Technology Rights 86
Trade Names 2
Other Assets
Intangible Assets Net Excluding Goodwill 191
Deferred Costs 267 159 +67.9%
Current Liabilities
Accounts Payable And Accrued Liabilities Current 369 386 -4.4%
Deferred Revenue (Current) 10,511
Show Business Acquisition breakouts
TradePMR 8
Securities Loaned 12,640 5,091 +148.3%
Fractional Shares Repurchase Obligation Amount 3,083 2,011 +53.3%
Other Liabilities Current 519 220 +135.9%
Total Current Liabilities 27,122 34,140 -20.6%
Non-Current Liabilities
Other Non-Current Liabilities 130 84 +54.8%
Total Liabilities 27,252 34,224 -20.4%
Operating Lease Liabilities 112 84 +33.3%
Contract With Customer Liability Noncurrent (Q)
Show Business Acquisition breakouts
TradePMR 13
Stockholders' Equity
Additional Paid-In Capital 11,378 12,223 -6.9%
Accumulated Other Comprehensive Income 7
Retained Earnings -3,313 -5,101 +35.1%
Total Stockholders' Equity 8,072 7,122 +13.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 7
Additional Paid In Capital 11,378 12,223 -6.9%
Retained Earnings -3,313 -5,101 +35.1%
Total Liabilities & Equity 35,324 41,346 -14.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 41 35 +17.1%
Stock-Based Compensation 151 148 +2.0%
Other Operating Activities Cash Flow Statement 8 -1 +900.0%
Increase Decrease In Segregated Securities Under Federal And Other Regulations 199 -547 +136.4%
Increase Decrease In Brokerage Receivables 112 -60 +286.7%
Change in Accounts Receivable -1,300 -1,538 +15.5%
Increase Decrease In Securities Borrowed -2,923 -615 -375.3%
Increase Decrease In Deposit Other Assets -231 -213 -8.5%
Increase Decrease In Prepaid Expense -24 -20 -20.0%
Increase Decrease In Deferred Charges -96 -196 +51.0%
Increase Decrease In Other Operating Assets 351 -128 +374.2%
Increase Decrease In Accounts Payable And Accrued Liabilities -112 -26 -330.8%
Increase Decrease In Payables To Customers 1,948 692 +181.5%
Increase Decrease In Securities Loaned Transactions 5,177 1,544 +235.3%
Increase Decrease In Other Operating Liabilities 76 -23 +430.4%
Net Cash from Operations 4,151 -569 +829.5%
Change in Deferred Revenue 39 4 +875.0%
Investing Activities
Payments To Acquire Other Productive Assets -10 -2 -400.0%
Payments To Develop Software -19 -14 -35.7%
Payment For Contingent Consideration Liability Investing Activities -399 -6 -6550.0%
Cash Cash Equivalents And Segregated Cash Acquired In Business Acquisitions 1,193
Proceeds From Sale And Maturity Of Held To Maturity Securities 266 289 -8.0%
Payments To Acquire Receivables -1,528 -70 -2082.9%
Show Debt Instrument breakouts
SVB and Barclays Arragements · Variable Interest Entity Primary Beneficiary -1.5
Proceeds From Purchases Of Credit Card Receivables 1,346 48 +2704.2%
Other Investing Activities -8 1 -900.0%
Net Cash from Investing 841 -59 +1525.4%
Financing Activities
Proceeds From Stock Options Exercised 11 8 +37.5%
Proceeds From Stock Plans 15 10 +50.0%
Tax Withholding for Share Compensation -372 -99 -275.8%
Share Repurchases -446
Show Statement Class Of Stock breakouts
Common Class A -446
Proceeds From Lines Of Credit 1 11 -90.9%
Repayments Of Lines Of Credit -1 -11 +90.9%
Proceeds From Issuance Of Secured Debt 104 17 +511.8%
Change In Customer Funds Restricted From Use In Operations 1 7 -85.7%
Debt Issuance Costs -16 -14 -14.3%
Net Cash from Financing -703 -72 -876.4%
Supplemental
Interest Paid 12 8 +50.0%
Income Taxes Paid 82 6 +1266.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 8
Net Change in Cash 4,297 -700 +713.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 12,992 8,646 +50.3%
Cash Segregated Under Other Regulations 8,740 4,037 +116.5%
Restricted Cash Current 72 69 +4.3%
Restricted Cash Noncurrent 18 16 +12.5%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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