A Business at a Glance
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Company Overview Robinhood was founded in 2013 on the belief that everyone should be welcome to participate in our financial system. We are creating modern financial services platforms for everyone, regardless of their wealth, income, or background. Our mission is to democratize finance for all. We use technology to provide access to the financial system in a way that is simple and convenient for our customers. We believe the financial system should be built to work for everyone. That’s why we create products that let our customers start investing at their own pace, on their own terms. We believe investing should be familiar and welcoming, with a simple design and an intuitive interface, so that customers are empowered to achieve their goals. We started with a revolutionary, bold brand and design in the Robinhood app which makes investing approachable for millions. Over the last decade, we have disrupted and changed the industry, becoming the first U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.5B | 4.5B | 3.0B | 1.9B | 1.4B | - |
| Net Income | 1.9B | 1.9B | 1.4B | -541M | -1.0B | -3.7B |
| EPS | $2.05 | $2.05 | $1.56 | $-0.61 | $-1.17 | $-7.49 |
| Free Cash Flow | 1.6B | 1.6B | -157M | 1.2B | -880M | -948M |
| ROIC | 38.5% | 22.0% | 17.7% | -8.1% | -14.8% | -50.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 3.17 | 2.28 | 1.63 | 2.35 | 1.71 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 2.1B | 2.1B | 1.1B | -533M | -1.0B | -3.7B |
| Operating Margin | 47.1% | 47.1% | 36.1% | -28.6% | -75.6% | - |
| ROE | 20.6% | 22.0% | 17.7% | -8.1% | -14.8% | -50.6% |
| Shares Outstanding | 919M | 919M | 904M | 887M | 879M | 492M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 278M | 959M | N/A | 1.4B | 1.9B | 3.0B | 4.5B | 4.5B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 28M | N/A | 438M | 381M | 349M | 323M | 355M | 355M |
| SG&A | 86M | 295M | 1.4B | 924M | 1.2B | 455M | 628M | 628M |
| EBIT | N/A | 14M | -3.7B | -1.0B | -533M | 1.1B | 2.1B | 2.1B |
| Op. Margin | N/A | 1.4% | N/A | -75.6% | -28.6% | 36.1% | 47.1% | 47.1% |
| Net Income | -107M | 2.8M | -3.7B | -1.0B | -541M | 1.4B | 1.9B | 1.9B |
| Net Margin | -38.4% | 0.3% | N/A | -75.7% | -29.0% | 47.8% | 42.1% | 42.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | 0.0% | -50.6% | -14.8% | -8.1% | 17.7% | 22.0% | 38.5% |
| ROE | N/A | -5.1% | -50.6% | -14.8% | -8.1% | 17.7% | 22.0% | 20.6% |
| ROA | -124.6% | 0.0% | -18.7% | -4.4% | -3.1% | 5.4% | 5.9% | 4.9% |
| Cash Flow | ||||||||
| Op. Cash Flow | 1.3B | 1.9B | -885M | -852M | 1.2B | -157M | 1.6B | 1.6B |
| Free Cash Flow | 1.3B | 1.9B | -948M | -880M | 1.2B | -157M | 1.6B | 1.6B |
| Owner Earnings | 1.2B | 1.8B | -2.5B | -1.6B | 239M | -538M | 1.2B | 1.2B |
| CapEx | 7.3M | 24M | 63M | 28M | 0 | 0 | 0 | 0 |
| Maint. CapEx | 5.4M | 9.9M | 26M | 61M | 71M | 77M | 86M | 86M |
| Growth CapEx | 1.8M | 15M | 37M | 0 | N/A | N/A | N/A | 0 |
| D&A | 5.4M | 9.9M | 26M | 61M | 71M | 77M | 86M | 86M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 608M | 257M | 653M | 653M |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 5.2% | 0.7% | 0.6% | 1.0% |
| Stock-Based Comp | 27M | 24M | 1.6B | 654M | 871M | 304M | 305M | 305M |
| Debt Repayment | 0 | 0 | 0 | 10M | 10M | 15M | 17M | 17M |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -4.3B |
| Cash & Equiv. | 644M | 1.4B | 6.3B | 6.3B | 4.8B | 4.3B | 4.3B | 4.3B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.14 | -160.23 | 1.71 | 2.35 | 1.63 | 2.28 | 3.17 | 0.00 |
| Interest Coverage | N/A | 0.1 | -14.4 | -2.4 | -0.6 | 1.0 | 1.4 | 1.4 |
| Equity | -97M | -55M | 7.3B | 7.0B | 6.7B | 8.0B | 9.2B | 9.2B |
| Total Assets | 86M | 11.0B | 19.8B | 23.3B | 17.6B | 26.2B | 38.1B | 38.1B |
| Total Liabilities | 14M | 8.9B | 12.5B | 16.4B | 10.9B | 18.2B | 29.0B | 29.0B |
| Intangibles | N/A | 185K | 34M | 25M | 48M | 38M | 168M | 168M |
| Retained Earnings | N/A | -190M | -3.9B | -4.9B | -5.4B | -4.0B | -2.2B | -2.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | -0.48 | 0.01 | -7.49 | -1.17 | -0.61 | 1.56 | 2.05 | 2.05 |
| Owner EPS | 5.53 | 2.12 | -5.04 | -1.78 | 0.27 | -0.59 | 1.36 | 1.36 |
| Book Value | -0.44 | -0.06 | 14.82 | 7.92 | 7.55 | 8.81 | 9.96 | 9.96 |
| Cash Flow/Share | 5.68 | 2.16 | -1.80 | -0.97 | 1.33 | -0.17 | 1.78 | 2.14 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 222.0M | 868.0M | 492.3M | 878.6M | 886.9M | 904.5M | 918.5M | 918.5M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 25.0 | 57.6 | 35.0 |
| P/FCF | N/A | N/A | N/A | N/A | 9.9 | N/A | 66.2 | 40.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 29.2 |
| Price/Book | N/A | N/A | 1.2 | 1.0 | 1.7 | 4.4 | 11.9 | 7.2 |
| Price/Sales | N/A | N/A | N/A | N/A | 9.5 | 17.7 | 52.5 | 14.7 |
| FCF Yield | N/A | N/A | -11.0% | -13.0% | 10.1% | -0.4% | 1.5% | 2.5% |
| Market Cap | 0 | N/A | 8.6B | 6.8B | 11.7B | 35.3B | 108.5B | 65.8B |
| Avg. Price | 0.00 | N/A | 37.39 | 10.75 | 9.94 | 21.68 | 86.56 | 71.67 |
| Year-End Price | 0.00 | N/A | 17.45 | 7.70 | 13.18 | 39.02 | 118.13 | 71.67 |
Robinhood Markets, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Robinhood Markets, Inc. trades at 35.0x trailing earnings, compared to its 15-year median P/E of 41.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 40.2x vs a median of 38.1x. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is -5.5%.
Robinhood Markets, Inc. (HOOD) has a current P/E ratio of 35.0, compared to its historical median P/E of 41.3. The stock is currently considered Fair based on its historical valuation range.
Robinhood Markets, Inc. (HOOD) has a 5-year average return on invested capital (ROIC) of -6.7%. This is below average and may indicate limited pricing power.
Robinhood Markets, Inc. (HOOD) has a market capitalization of $65.8B. It is classified as a large-cap stock.
Robinhood Markets, Inc. (HOOD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.99%.
Based on historical P/E analysis, Robinhood Markets, Inc. (HOOD) appears fair. The current P/E of 35.0 is 15% below its historical median of 41.3. The estimated fair value CAGR (P/E method) is 148.2%.
Robinhood Markets, Inc. (HOOD) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
Robinhood Markets, Inc. (HOOD) reported annual revenue of $4.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Robinhood Markets, Inc. (HOOD) has a net profit margin of 42.1%. This is a strong margin indicating high profitability.
Robinhood Markets, Inc. (HOOD) generated $1.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Robinhood Markets, Inc. (HOOD) has a debt-to-equity ratio of 3.17. This indicates higher leverage, which may increase financial risk.
Robinhood Markets, Inc. (HOOD) reported earnings per share (EPS) of $2.05 in its most recent fiscal year.
Robinhood Markets, Inc. (HOOD) has a return on equity (ROE) of 22.0%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 7 years of financial data for Robinhood Markets, Inc. (HOOD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Robinhood Markets, Inc. (HOOD) has a book value per share of $9.96, based on its most recent annual SEC filing.