{ "ok": true, "cik": "1783879", "ticker": "HOOD", "name": "Robinhood Markets, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-07-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000114/0001783879-26-000114-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000113/0001783879-26-000113-index.htm" }, { "form": "8-K", "filed": "2026-06-26", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000083/0001783879-26-000083-index.htm" }, { "form": "8-K", "filed": "2026-06-25", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000077/0001783879-26-000077-index.htm" }, { "form": "8-K", "filed": "2026-06-23", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000074/0001783879-26-000074-index.htm" }, { "form": "8-K", "filed": "2026-06-16", "items": [ "2.05 Costs Associated with Exit or Disposal Activities" ], "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-06-16", "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-06-26", "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000083/0001783879-26-000083-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001783879.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1783879" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Robinhood Markets, Inc. ($HOOD). Last filing: 10-Q, 2026-07-30. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 4473000000, "revenueGrowth1y": 0.515757370382921, "revenueGrowthPerYear": 0.25294084509815096, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.4209702660406886, "operatingCashFlow": 1638000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": 355000000, "researchShareOfRevenue": 0.07936507936507936, "cash": 4261000000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1815000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1358000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1865000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 2951000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 4473000000 } ], "totalEquity": 9151000000, "totalAssets": 38137000000, "equityRatio": 0.23995070404069538, "returnOnEquity": 0.2057698612173533, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.12, "sharesOutstanding": 918781846, "bookValuePerShare": 9.959926874741493, "revenuePerShare": 4.868402678474341, "range80": { "low": 4466342120.179198, "high": 9648001041.296444, "baseline": 6717623255.950042, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.34878753948070484, "classVolatility": 0.07701947805587882, "volatility": 0.2525715222437045 }, "ifPaceHeld": { "low": 4466342120.179198, "high": 9648001041.296444 } }, "edgarette": "🔖 Exposure: revenue $4.5B (FY2025). Experience: revenue up 51.6% on the year, up 25.3% a year over 4 years. Soundness: equity 24.0% of assets, return on equity 20.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.5B and $9.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $3.4B to $12.8B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, security brokers, dealers & flotation companies): growth 51.6% against 18.7%.", "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "summary": "Robinhood Markets (HOOD) grew revenue 51.6% in FY2025 to $4.5 billion, equity 24.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Robinhood Markets, Inc. against its own record and its peers
Revenue, on the yearPeer median 18.7%51.6%Equity of assetsPeer median 15.7%24.0%Return on equityPeer median 15.1%20.6%Gold tick: the median of 15–18 peers with $50M+ revenue in security brokers, dealers & flotation companies
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:59:52.145Z", "hash": "4c48ecf283abb56d", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Robinhood Markets (HOOD) grew revenue 51.6% in FY2025 to $4.5 billion, equity 24.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 4473000000, "totalDebt": null, "cash": 4261000000 }, "experience": { "revenueGrowth1y": 0.515757370382921, "revenueGrowthPerYear": 0.25294084509815096, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.4209702660406886, "freeCashFlow": null }, "soundness": { "equityRatio": 0.23995070404069538, "returnOnEquity": 0.2057698612173533, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6211, "sicDescription": "Security Brokers, Dealers & Flotation Companies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6211", "growth": [ 0.1867, 21 ], "opMargin": [ 0.2443, 10 ], "equityRatio": [ 0.157, 18 ], "returnOnEquity": [ 0.1508, 15 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-06-16", "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-06-26", "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000083/0001783879-26-000083-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 4466342120.179198, "high": 9648001041.296444, "baseline": 6717623255.950042, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.34878753948070484, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.2525715222437045, "k": 3 }, "stress": { "low": 3371282643.0002575, "high": 12785335385.496801, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:59:52.145Z", "hash": "4c48ecf283abb56d", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001783879.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1783879" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3662, "growth3y": 0.4879, "volatility": 0.3488, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.24, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 36.6% of revenue into operating cash; revenue growing 48.8% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 88th percentile for cash, 98th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 88, "growthPctInClass": 98, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±37%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1638000000, "investing": 141000000, "financing": -590000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -885000000, "free": -948000000 }, { "fiscalYearEnd": "2022-12-31", "operating": -852000000, "free": -880000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1181000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": -157000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 1638000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 4261000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 38137000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3662, "growth3y": 0.4879, "volatility": 0.3488, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.24, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 36.6% of revenue into operating cash; revenue growing 48.8% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 88th percentile for cash, 98th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 88, "growthPctInClass": 98, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±37%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1638000000, "investing": 141000000, "financing": -590000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -885000000, "free": -948000000 }, { "fiscalYearEnd": "2022-12-31", "operating": -852000000, "free": -880000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1181000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": -157000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 1638000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 4261000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 38137000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }