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Midas Edge

Robinhood Markets Inc

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

HOOD$81.33-2.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Mezzanine Equity and Stockholders’ (Deficit) Equity

Redeemable convertible preferred stock · Common stock · Additionalpaid-incapital · Accumulated other comprehensiveincome · Accumulateddeficit · Total stockholders’(deficit) equity
(in millions, except for number of shares) · Shares · Amount · Shares · Amount
Balance as of December 31, 2020412,742,897$2,180229,031,546$—$134$1$(190)$(55)
Net loss——————(3,687)(3,687)
Shares issued in connection with stock option exercise, net of repurchases——6,832,725—14——14
Issuance of common stock in connection with Employee Stock Purchase Plan——298,031—7——7
Issuance of common stock in connection with initial public offering, net of issuance costs——56,729,194—2,052——2,052
Issuance of common stock upon settlement of RSUs——32,133,589—————
Shares withheld related to net share settlement——(11,160,525)—(422)——(422)
Conversion of preferred stock to common stock(412,742,897)(2,180)412,742,897—2,180——2,180
Conversion of convertible notes to common stock——137,305,156—5,218——5,218
Reclassification of warrant liability to stockholders' equity————380——380
Vesting of replacement awards issued in connection with acquisition————1——1
Share-based compensation————1,605——1,605
Balance as of December 31, 2021—$—863,912,613$—$11,169$1$(3,877)$7,293
Redeemable convertible preferred stock · Common stock(1) · Additionalpaid-incapital · Accumulated other comprehensiveincome (loss) · Accumulateddeficit · Total stockholders’(deficit) equity
(in millions, except for number of shares) · Shares · Amount · Shares · Amount
Balance as of December 31, 2021—$—863,912,613$—$11,169$1$(3,877)$7,293
Net loss——————(1,028)(1,028)
Shares issued in connection with stock option exercise, net of repurchases——2,318,267—6——6
Issuance of common stock in connection with Employee Stock Purchase Plan——1,907,241—16——16
Issuance of common stock upon settlement of restricted stock units, net of shares withheld——24,613,450—(12)——(12)
Change in other comprehensive loss—————(1)—(1)
Share-based compensation————682——682
Balance as of December 31, 2022—$—892,751,571$—$11,861$—$(4,905)$6,956
Common stock(1) · Additionalpaid-incapital · Accumulated other comprehensiveloss · Accumulateddeficit · Total stockholders’(deficit) equity
(in millions, except for number of shares) · Shares · Amount
Balance as of December 31, 2022892,751,571$—$11,861$—$(4,905)$6,956
Net loss————(541)(541)
Shares issued in connection with stock option exercise, net of repurchases2,449,169—5——5
Issuance of common stock in connection with Employee Stock Purchase Plan1,968,081—14——14
Issuance of common stock upon settlement of restricted stock units, net of shares withheld30,267,312—(12)——(12)
Repurchase and retirement of Class A common stock(55,273,469)—(611)——(611)
Change in other comprehensive loss———(3)—(3)
Share-based compensation——888——888
Balance as of December 31, 2023872,162,664$—$12,145$(3)$(5,446)$6,696

(1)The share amounts listed above combine common stock, Class A common stock and Class B common stock. In connection with the completion of our initial public offering, all previously outstanding shares of common stock were reclassified into Class A common stock and Class B common stock. See Note 1 - Description of Business and Summary of Significant Accounting Policies, for further information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.