Robinhood Markets (HOOD) 10-K Summary — Year Ended Dec 31, 2025
This 10-K filing covers Robinhood Markets' financial results, business overview, risk factors, and liquidity resources. The company reported strong revenue growth and positive net income for the year.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
This 10-K filing covers Robinhood Markets' financial results, business overview, risk factors, and liquidity resources. The company reported strong revenue growth and positive net income for the year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.5B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.9B
Net income reported for the year.
Operating cash flow
$1.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.4B | -25.2% |
| Dec 31, 2023 | $1.9B | +37.3% |
| Dec 31, 2024 | $3B | +58.2% |
| Dec 31, 2025 | $4.5B | +51.6% |
Business overview
The business overview section (Item 1) is listed in the filing but its content is not provided in the supplied data, so a detailed business description cannot be derived from this summary.
Financial performance
Revenue increased substantially over the most recent years, with net income turning positive and operating cash flow remaining strong. The metrics supplied indicate a significant improvement in financial performance.
Material risks
The risk factors section (Item 1A) is included in the filing, detailing various risks the company faces, but the specific risks are not enumerated in the supplied data.
Liquidity and capital
The company’s liquidity is supported by cash flows from operations, cash and cash equivalents, investments, and stablecoin holdings. It also maintains committed revolving credit facilities and a credit card funding trust, which it believes will meet its liquidity needs for the next year.
What to watch
Monitor the company’s revenue growth trajectory and the trend in operating cash flow in the next filing.