Robinhood Markets Inc. (HOOD) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
85 WILLOW ROAD MENLO PARK, CA 94025 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 4,835 | 6,339 | 6,253 | |||
| Cash and cash equivalents | 4,835 | 6,339 | 6,253 | |||
| Restricted cash and investments | 46 | 1 | 1 | |||
| Prepaid expense | 63 | 86 | 92 | |||
| Deferred costs | ||||||
| Other current assets | 207 | 72 | 121 | |||
| Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss | 413 | |||||
| Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss | 10 | |||||
| Other undisclosed current assets | 26,226 | 16,409 | 12,817 | |||
| Total current assets: | 31,790 | 22,917 | 19,284 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 120 | 146 | 146 | |||
| Intangible assets, net (including goodwill) | 223 | 125 | 135 | |||
| Goodwill | 175 | 100 | 101 | |||
| Intangible assets, net (excluding goodwill) | 48 | 25 | 34 | |||
| Prepaid expense | 4 | 17 | ||||
| Restricted cash and investments | 24 | |||||
| Deferred costs | ||||||
| Other noncurrent assets | 122 | 132 | 181 | |||
| Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss | 73 | |||||
| Other undisclosed noncurrent assets | ||||||
| Total noncurrent assets: | 542 | 420 | 486 | |||
| TOTAL ASSETS: | 32,332 | 23,337 | 19,769 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 384 | 185 | 252 | |||
| Other undisclosed accounts payable and accrued liabilities | 384 | 185 | 252 | |||
| Deferred revenue | 5,097 | 4,701 | 6,476 | |||
| Securities loaned | 3,547 | 1,834 | 3,651 | |||
| Other liabilities | 217 | 105 | 134 | |||
| Other undisclosed current liabilities | 16,300 | 9,428 | 1,834 | |||
| Total current liabilities: | 25,545 | 16,253 | 12,347 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 91 | 128 | 129 | |||
| Other liabilities | 91 | 128 | 129 | |||
| Total noncurrent liabilities: | 91 | 128 | 129 | |||
| Total liabilities: | 25,636 | 16,381 | 12,476 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 6,696 | 6,956 | 7,293 | |||
| Additional paid in capital | 12,145 | 11,861 | 11,169 | |||
| Accumulated other comprehensive income (loss) | (3) | 0 | ||||
| Accumulated deficit | (5,446) | (4,905) | (3,877) | |||
| Other undisclosed equity, attributable to parent | 0 | |||||
| Total equity: | 6,696 | 6,956 | 7,293 | |||
| TOTAL LIABILITIES AND EQUITY: | 32,332 | 23,337 | 19,769 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 1,865 | 1,358 | 1,815 | ||
| Gross profit: | 1,865 | 1,358 | 1,815 | ||
| Operating expenses | (2,401) | (2,369) | (3,456) | ||
| Operating income (loss): | (536) | (1,011) | (1,641) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 3 | (16) | 2 | ||
| Interest and debt expense | (23) | (24) | (20) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (556) | (1,051) | (1,659) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 23 | 24 | (2,025) | ||
| Income (loss) from continuing operations before income taxes: | (533) | (1,027) | (3,684) | ||
| Income tax expense | (8) | (1) | (2) | ||
| Income (loss) from continuing operations: | (541) | (1,028) | (3,686) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (3,686) | |
| Net income (loss) available to common stockholders, diluted: | (541) | (1,028) | (3,686) | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (541) | (1,028) | (3,686) | ||
| Comprehensive income (loss): | (541) | (1,028) | (3,686) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3) | (1) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (544) | (1,029) | (3,687) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.