Robinhood Markets, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

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

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Contents

Item 1. Condensed Consolidated Statements of Operations

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions, except share and per share data)	2024	2025	2024	2025
Revenues:
Transaction-based revenues	$319	$730	$975	$1,852
Net interest revenues	274	456	813	1,103
Other revenues	44	88	149	235
Total net revenues	637	1,274	1,937	3,190
Operating expenses:
Brokerage and transaction	39	56	114	154
Technology and development	205	237	610	665
Operations	27	33	83	93
Provision for credit losses	23	26	57	78
Marketing	59	102	190	306
General and administrative	133	185	385	450
Total operating expenses	486	639	1,439	1,746
Other income (loss), net	2	(1)	8	3
Income before income taxes	153	634	506	1,447
Provision for income taxes	3	78	11	169
Net income	$150	$556	$495	$1,278
Net income attributable to common stockholders:
Basic	$150	$556	$495	$1,278
Diluted	$150	$556	$495	$1,278
Net income per share attributable to common stockholders:
Basic	$0.17	$0.63	$0.56	$1.44
Diluted	$0.17	$0.61	$0.55	$1.39
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic	884,108,545	889,261,220	880,182,573	885,346,564
Diluted	905,544,750	917,940,660	903,555,592	918,606,063

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.