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Robinhood Markets, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Robinhood Markets, Inc. holds $45.5B in total assets. Shareholders' equity is $9.7B against $223.0M in total debt. Cash and equivalents total $11.8B. The current ratio is 1.22 and debt-to-equity is 0.023. Based on the Q1 2026 filing.

Total Assets$45.5BTotal Stockholders Equity$9.7BCash And Equivalents$11.8BTotal Current Assets$43.4BTotal Current Liabilities$35.6B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$72.7B
P/E Ratio38.31
ROE21.51%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$397.0M$319.0M$369.0M$399.0M$463.0M$522.0M
Accounts Payable and Accrued Liabilities, Current$397.0M$319.0M$369.0M$399.0M$463.0M$522.0M
Accrued Contingent Liabilities$128.0M$60.0M$45.0M$61.0M$71.0M$79.0M
Contract liabilities$11.0M$43.0M$50.0M$57.0M$57.0M$62.0M
Accounts payable and other current liabilities (Note 11)$397.0M$319.0M$369.0M$399.0M$463.0M$522.0M
Fractional shares repurchase obligation$2.5B$2.5B$3.1B$3.6B$3.8B$3.8B
Other accrued liabilities$266.0M$367.0M$519.0M$762.0M$914.0M$1.0B
Deferred revenue$7.4B$7.1B$10.5B$12.3B$12.0B$16.8B
Derivative Collateral Obligation to Return$3.1B$4.0B$6.1B$6.5B$2.3B$3.5B
Device Payment Plan Trade-in Liability$11.0M$43.0M$50.0M$57.0M$57.0M$62.0M
Securities loaned$7.5B$9.1B$12.6B$15.7B$11.6B$13.4B
Note payable to DIRECTV$266.0M$367.0M$519.0M$762.0M$914.0M$1.0B
Operating lease liabilities, current$21.0M$22.0M$22.0M$22.0M$22.0M$21.0M
Payables to Broker Dealers and Clearing Organizations$471.0M$267.0M$374.0M$482.0M$426.0M$484.0M
Obligation to Return Securities Received as Collateral$3.1B$4.0B$6.1B$6.5B$2.3B$3.5B
Total current liabilities$18.1B$19.4B$27.1B$32.8B$28.8B$35.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$8.2B$9.2B$9.7B$14.4B$18.0B$18.1B
Cash and cash equivalents$8.7B$8.9B$13.0B$11.3B$9.9B$11.8B
Securities segregated for regulatory purposes$4.7B$4.4B$8.9B$8.4B$5.7B$10.9B
Contract assets$294.0M$198.0M$215.0M$223.0M$185.0M$179.0M
Deposits with clearing organizations$489.0M$641.0M$720.0M$1.4B$702.0M$694.0M
Other current assets$584.0M$243.0M$345.0M$326.0M$798.0M$853.0M
User-held fractional shares$2.5B$2.5B$3.1B$3.6B$3.8B$3.8B
Derivative Collateral Right to Reclaim$6.9B$8.5B$12.2B$15.0B$10.9B$13.3B
Digital Assets$35.2B$27.4B$41.1B$51.8B$38.2B$30.5B
Accrued investment income$3.0M$5.0M$6.0M$7.0M$9.0M$10.0M
Securities borrowed$3.2B$4.1B$6.2B$6.6B$2.4B$3.4B
Trading assets$0.0$0.0$0.0$0.0$0.0$0.0
Interest Receivable - Loans$3.0M$5.0M$6.0M$7.0M$9.0M$10.0M
Prepaid expenses and other current assets$100.0M$113.0M$124.0M$161.0M$185.0M$207.0M
Restricted cash$4.7B$54.0M$72.0M$68.0M$5.7B$74.0M
Total current assets$25.1B$26.2B$33.8B$40.0B$36.3B$43.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$12.0B$11.7B$11.4B$11.3B$11.3B$11.1B
Accumulated other comprehensive income (loss)-$1.0M$0.0$7.0M$7.0M$8.0M$2.0M
Convertible Preferred Stock Authorized Shares210M210M210M210M210M210M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Noncontrolling interests$0.0———$11.0M$369.0M
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Retained earnings-$4.0B-$3.7B-$3.3B-$2.8B-$2.2B-$1.8B
Share-Based Payment - Unrecognized Cost of Nonvested Awards—$471.0M$426.0M$341.0M—$627.0M
Total liabilities and stockholders' equity$26.2B$27.5B$35.3B$41.5B$38.1B$45.5B
Total stockholders' equity$8.0B$8.0B$8.1B$8.6B$9.2B$9.7B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$40.0M$39.0M$40.0M$41.0M$41.0M$43.0M
Deferred Tax Assets and Other Non-Current Assets$533.0M$523.0M$501.0M$405.0M$697.0M$773.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—$11.0M$20.0M$18.0M—$12.0M
Goodwill$179.0M$292.0M$383.0M$386.0M$385.0M$401.0M
Indefinite-Lived Intangible Assets—$5.0M$44.0M$33.0M—$79.0M
Indefinite-Lived Intangible Assets, Gross—$5.0M$44.0M$33.0M—$79.0M
Indefinite-Lived Research and Development Assets—$5.0M$44.0M$33.0M—$79.0M
Indefinite-Lived Trademarks—$5.0M$44.0M$33.0M—$79.0M
Intangible Assets Gross (Excluding Goodwill)—$124.0M$212.0M$199.0M—$244.0M
Intangible assets, net$38.0M$104.0M$147.0M$138.0M$168.0M$124.0M
Net Investment in Lease$94.0M$98.0M$99.0M$95.0M$182.0M$181.0M
Crypto Asset, Fair Value$35.2B$27.4B$41.1B$51.8B$38.2B$30.5B
Deferred contract costs$195.0M$238.0M$267.0M$360.0M$428.0M$522.0M
Intangible assets — net—$104.0M$147.0M$138.0M—$124.0M
Other intangible assets—net$38.0M$109.0M$191.0M$172.0M$168.0M$203.0M
Operating lease right-of-use assets$94.0M$98.0M$99.0M$95.0M$182.0M$181.0M
Other non-current assets$533.0M$523.0M$501.0M$405.0M$697.0M$773.0M
Operating Lease Right-of-Use Assets in Other Assets$94.0M$98.0M$99.0M$95.0M$182.0M$181.0M
Other non-current assets$533.0M$523.0M$501.0M$405.0M$697.0M$773.0M
Accumulated depreciation—$15.0M$21.0M$27.0M—$41.0M
Property and equipment, net$139.0M$140.0M$149.0M$150.0M$154.0M$162.0M
Software and Technology Licenses, Net$533.0M$523.0M$501.0M$405.0M$697.0M$773.0M
Total assets$26.2B$27.5B$35.3B$41.5B$38.1B$45.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross Assets/Liabilities$7.5B$9.1B$12.6B$15.7B$11.6B$13.4B
Number of Class Action Lawsuits—————$6.0
Cash Segregated Under Other Regulations—$4.4B$8.7B$6.9B—$6.7B
Contract with Customer, Liability$11.0M$43.0M$50.0M$57.0M$57.0M$62.0M
Current retainage balances$8.2B$9.2B$9.7B$14.4B$18.0B$18.1B
Other contract costs$100.0M$113.0M$124.0M$161.0M$185.0M$207.0M
Unrecognized compensation cost related to non-vested awards—$471.0M$426.0M$341.0M—$627.0M
Thereafter—$32.0M$40.0M$45.0M—$33.0M
Finite-Lived Intangible Assets, Accumulated Amortization—$15.0M$21.0M$27.0M—$41.0M
2028—$16.0M$24.0M$23.0M—$19.0M
2030—$11.0M$20.0M$18.0M—$12.0M
Remainder of 2026—$14.0M$14.0M$7.0M—$20.0M
2027—$19.0M$28.0M$26.0M—$22.0M
2029—$12.0M$21.0M$19.0M—$18.0M
Trademarks—$5.0M$44.0M$33.0M—$79.0M
Indefinite- lived intangible impairment—$124.0M$212.0M$199.0M—$244.0M
Loss Contingency Accrual$128.0M$60.0M$45.0M$61.0M$71.0M$79.0M
Number of class action complaints—————$6.0
Noncontrolling interests in subsidiaries$0.0———$11.0M$369.0M
Number of classes of common stock—3.003.003.00—3.00
Off-Balance-Sheet, Credit Loss, Liability$40.0M$39.0M$40.0M$41.0M$41.0M$43.0M
Amount re-pledged with clearing organizations to meet deposit requirements$1.6B$1.6B$2.3B$2.9B$2.8B$2.8B
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$210.0M$210.0M$210.0M$210.0M$210.0M$210.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Prepaid expenses$75.0M$89.0M$108.0M$128.0M$127.0M$182.0M
Prepaid ship and debits$17.0M$17.0M$15.0M$13.0M$11.0M—
Customer advance balance—$206.0M$202.0M$207.0M—$216.0M
Fails to deliver$471.0M$267.0M$374.0M$482.0M$426.0M$484.0M
Security Borrowed, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$118.0M$119.0M$37.0M$142.0M$62.0M—
Securities borrowed, gross assets recognized$3.2B$4.1B$6.2B$6.6B$2.4B$3.4B
Security Loaned, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$576.0M$575.0M$428.0M$710.0M$724.0M$45.0M
Fair value of securities pledged to counterparties$6.9B$8.5B$12.2B$15.0B$10.9B$13.3B
Security Borrowed, Including Not Subject to Master Netting Arrangement, after Offset and Deduction, Adjusted—————$101.0M
Remainder of Fiscal Year 2024—$14.0M$14.0M$7.0M—$20.0M
Remainder of Fiscal Year 2025—$14.0M$14.0M$7.0M—$20.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating lease liabilities, non-current$110.0M$113.0M$112.0M$108.0M$199.0M$202.0M
Operating Lease Liabilities (Total)$131.0M$135.0M$134.0M$130.0M$221.0M$223.0M
Other non-current liabilities$111.0M$133.0M$130.0M$123.0M$215.0M$232.0M
Total liabilities$18.2B$19.6B$27.3B$32.9B$3.8B$3.8B