Robinhood Markets Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,883	1,411	-541	-1,028	-3,687
Depreciation & Amortization, Total	86	34	30	26	19
Stock-Based Compensation	305	304	871	654	1,572
Change in Accounts Receivable	62	-382	-13	12	36
Change in Accounts Payable	-18	-35	134	-62	134
Change in Other Net Operating Assets	-978	-1,239	608	-605	-1,088
Other Operating Activities	184	-371	3	35	2,044
Operating Cash Flow	1,638	-157	1,181	-852	-885
Capital Expenditures	-15	-13	-2	-28	-63
Cash Acquisitions	794	-9	-93	-	-125
Sale (Purchase) of Intangibles	-39	-37	-19	-29	-20
Investment in Securities	156	102	-467	17	-27
Other Investing Activities	-	1	-1	-20	-3
Investing Cash Flow	141	-148	-582	-60	-238
Short-Term Debt Issued	5,220	154	20	21	5,520
Total Debt Issued	5,220	154	20	21	5,520
Short-Term Debt Repaid	-4,752	-23	-20	-21	-1,968
Total Debt Repaid	-4,752	-23	-20	-21	-1,968
Net Debt Issued (Repaid)	468	131	-	-	3,552
Issuance of Common Stock	38	34	19	22	2,073
Repurchase of Common Stock	-1,090	-501	-620	-12	-422
Other Financing Activities	-6	-9	-9	-10	-
Financing Cash Flow	-590	-345	-610	-	5,203
Foreign Exchange Rate Adjustments	9	-1	-	-1	-
Net Cash Flow	1,198	-651	-11	-913	4,080
Free Cash Flow	1,623	-170	1,179	-880	-948
Free Cash Flow Margin	36.28%	-5.76%	63.22%	-64.80%	-52.23%
Free Cash Flow Per Share	1.77	-0.19	1.32	-1.00	-1.93
Cash Interest Paid	31	16	12	12	12
Cash Income Tax Paid	95	18	9	4	6

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.