Robinhood Markets, Inc.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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, 2026 · Filed Oct 28, 2026
HOOD$80.91+3.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Financial Statements Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| December 31, | September 30, | |
|---|---|---|
| (in millions, except per share data) | 2025 | 2026 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $4,261 | $5,829 |
| Cash, cash equivalents, and securities segregated under federal and other regulations | 5,749 | 13,443 |
| Receivables from brokers, dealers, and clearing organizations | 426 | 537 |
| Receivables from users, net | 17,994 | 23,598 |
| Securities borrowed | 2,408 | 4,781 |
| Deposits with clearing organizations | 702 | 1,125 |
| User-held fractional shares | 3,782 | 5,123 |
| Deferred customer match incentives | 185 | 226 |
| Other current assets, including current prepaid expenses of $127 as of December 31, 2025 and $182 as of September 30, 2026 | 798 | 1,616 |
| Total current assets | 36,305 | 56,278 |
| Property, software, and equipment, net | 154 | 187 |
| Goodwill | 385 | 515 |
| Intangible assets, net | 168 | 231 |
| Non-current deferred customer match incentives | 428 | 578 |
| Other non-current assets, including non-current prepaid expenses of $11 as of December 31, 2025 and $22 as of September 30, 2026 | 697 | 482 |
| Total assets | $38,137 | $58,271 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $463 | $658 |
| Payables to users | 11,986 | 18,473 |
| Securities loaned | 11,626 | 19,480 |
| Fractional shares repurchase obligation | 3,782 | 5,123 |
| Other current liabilities | 914 | 1,509 |
| Total current liabilities | 28,771 | 45,243 |
| Long-term borrowings | — | 2,660 |
| Other non-current liabilities | 215 | 290 |
| Total liabilities | 28,986 | 48,193 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value. 210 million shares authorized, no shares issued and outstanding as of December 31, 2025 and September 30, 2026. | — | — |
| Class A common stock, $0.0001 par value. 21 billion shares authorized, 790 million shares issued and outstanding as of December 31, 2025; 21 billion shares authorized, 793 million shares issued and outstanding as of September 30, 2026. | — | — |
| Class B common stock, $0.0001 par value. 700 million shares authorized, 111 million shares issued and outstanding as of December 31, 2025; 700 million shares authorized, 108 million shares issued and outstanding as of September 30, 2026. | — | — |
| Class C common stock, $0.0001 par value. 7 billion shares authorized, no shares issued and outstanding as of December 31, 2025 and September 30, 2026. | — | — |
| Additional paid-in capital | 11,284 | 10,783 |
| Accumulated other comprehensive income (loss) | 8 | (9) |
| Accumulated deficit | (2,152) | (773) |
| Non-controlling interests | 11 | 77 |
| Total stockholders’ equity | 9,151 | 10,078 |
| Total liabilities and stockholders’ equity | $38,137 | $58,271 |
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