Robinhood Markets Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $1.88B | $1.41B | $-541.0M | $-1.03B | $-3.69B | $7.0M | $-106.6M |
| Depreciation & Amortization | $86.0M | $77.0M | $71.0M | $61.0M | $26.0M | $10.0M | $5.4M |
| Depreciation | $14.0M | $14.0M | $16.0M | $26.0M | $15.0M | $6.0M | $2.1M |
| Amortization | $23.0M | $20.0M | $14.0M | $9.0M | $3.0M | $0 | — |
| Stock-Based Compensation | $305.0M | $304.0M | $871.0M | $654.0M | $1.57B | $24.0M | $26.7M |
| Net Cash from Operating Activities | $1.64B | $-157.0M | $1.18B | $-852.0M | $-885.0M | $1.88B | $1.26B |
| Investing Activities | |||||||
| Capital Expenditures | — | — | — | $28.0M | $63.0M | $24.0M | $7.3M |
| Business Acquisitions | $399.0M | $6.0M | $93.0M | $0 | $125.0M | $0 | $0 |
| Net Cash from Investing Activities | $141.0M | $-148.0M | $-582.0M | $-60.0M | $-238.0M | $-32.0M | $-12.3M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | $653.0M | $257.0M | $608.0M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-590.0M | $-345.0M | $-610.0M | $0 | $5.20B | $1.28B | $375.4M |
| Net Change in Cash | $1.20B | $-651.0M | $-11.0M | $-913.0M | $4.08B | $3.12B | $1.62B |
| Free Cash Flow | — | — | — | $-880.0M | $-948.0M | $1.85B | $1.25B |