Robinhood Markets Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.47B | $2.95B | $1.87B | $1.36B | $1.82B | $959.0M | $278.0M |
| Transaction-based Revenues | — | $1.21B | $785.0M | — | $1.40B | $720.0M | $213.0M |
| Net Interest Revenues | — | $1.40B | $929.0M | — | $256.0M | $177.0M | $54.0M |
| Other Revenues | — | $339.0M | $151.0M | — | $158.0M | $62.0M | $11.0M |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | $355.0M | $323.0M | $349.0M | $381.0M | $438.0M | $52.0M | $27.7M |
| SG&A Expense | $628.0M | $455.0M | $1.17B | $924.0M | $1.37B | $295.0M | $85.5M |
| Operating Income | $2.11B | $1.06B | $-533.0M | $-1.03B | $-3.69B | $13.0M | $-107.6M |
| Operating Margin | 47.1% | 36.0% | -28.6% | -75.6% | -203.0% | 1.4% | -38.7% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $2.11B | $1.06B | $-533.0M | $-1.03B | $-3.69B | $13.0M | $-107.6M |
| Income Tax Expense | $225.0M | $-347.0M | $8.0M | $1.0M | $2.0M | $6.0M | $-1.0M |
| Net Income | $1.88B | $1.41B | $-541.0M | $-1.03B | $-3.69B | $7.0M | $-106.6M |
| Net Margin | 42.1% | 47.8% | -29.0% | -75.7% | -203.1% | 0.7% | -38.3% |
| EPS (Basic) | $2.12 | $1.60 | $-0.61 | $-1.17 | $-7.49 | $0.01 | $-0.24 |
| EPS (Diluted) | $2.05 | $1.56 | $-0.61 | $-1.17 | $-7.49 | $0.01 | $-0.24 |
| Shares Outstanding (Basic) | 888.5M | 881.1M | 890.9M | 878.6M | 492.4M | 451.5M | 443.3M |
| Shares Outstanding (Diluted) | 918.8M | 906.2M | 890.9M | 878.6M | 492.4M | 490.0M | 443.3M |
| Dividends Per Share | — | — | — | — | — | — | — |