Operating

Robinhood Markets, Inc.·Cash Flow Statement·20 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Increase (Decrease) in Segregated Securities Under Federal and Other Regulations	—	-$547M	$397M	-$397M	—	$1.4B	-$1.4B	$4B
Net cash from operating activities	—	$1.8B	-$1.4B	$642M	$3.5B	—	—	$2B
Increase Decrease In Securities Loaned Transactions	$876M	$2.2B	$157M	$1.6B	$3.5B	$3B	—	$1.8B
Increase Decrease In Securities Borrowed	$110M	$1.5B	—	$878M	$2B	$448M	-$4.2B	$947M
Change in other assets	$45M	—	$404M	-$351M	$0	-$86M	$589M	-$138M
Increase (Decrease) in Other Operating Assets	$45M	—	$404M	-$351M	$0	-$86M	$589M	-$138M
Increase (Decrease) in Deferred Charges	$122M	$6M	$63M	$56M	$40M	$130M	$92M	$116M
Stock-based compensation	$86M	$79M	$77M	$73M	$78M	$78M	$76M	$92M
Change in accounts payable	—	$54M	-$63M	-$124M	—	—	—	-$69M
Increase Decrease In Brokerage Receivables	—	—	$332M	-$206M	—	—	-$43M	$60M
Change in prepaid expenses	$20M	$21M	—	$13M	$11M	$18M	—	$54M
Increase (Decrease) in Prepaid Expense	$20M	$21M	—	$13M	$11M	$18M	—	$54M
Change in other liabilities	-$64M	-$19M	—	$62M	$14M	$97M	$55M	$47M
Change in accounts receivable	$742M	$433M	$2.6B	$911M	$389M	$4.5B	$3.3B	$44M
Accounts Receivable, Credit Loss Expense (Reversal)	$18M	$23M	$19M	$24M	$28M	$26M	$36M	$36M
Provision for credit losses	$18M	$23M	$19M	$24M	$28M	$26M	$36M	$36M
Deferred income taxes	-$92.3M	-$92.3M	-$92.3M	$0	—	—	—	$34M
Depreciation and amortization	$18M	$20M	$22M	$20M	$21M	$22M	$23M	$23M
Increase (Decrease) in Deposit Assets	—	—	$25M	$152M	$79M	$720M	—	-$8M
Other working capital changes	-$1M	$1M	$0	$4M	$4M	$5M	—	$3M