Robinhood Markets debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Cash & equivalents

USD millions

$5,362M

Net debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / equity

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / assets

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Net debt / EBITDA

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Current ratio

1.22×

Diluted shares

Million shares

912M shares

Basic shares

Million shares

899M shares

Share count growth

1.91%

Share repurchases

USD millions

$414M

Quarterly data

Robinhood Markets capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	5,362	—	—	—	—	—	—	1.22×	912	899	1.91%	414
FY 2026 Q1	Mar 31, 2026	—	5,012	—	—	—	—	—	—	1.22×	915.04	899.15	1.65%	250
FY 2025 Q4	Dec 31, 2025	—	4,261	—	—	—	—	—	—	1.26×	919.3	897.88	1.58%	100
FY 2025 Q3	Sep 30, 2025	—	4,331	—	—	—	—	—	—	1.22×	917.94	889.26	0.58%	107
FY 2025 Q2	Jun 30, 2025	—	4,162	—	—	—	—	—	—	1.25×	909.13	882.15	0.12%	124
FY 2025 Q1	Mar 31, 2025	—	4,416	—	—	—	—	—	—	1.35×	909.24	884.58	1.06%	322
FY 2024 Q4	Dec 31, 2024	—	4,332	—	—	—	—	—	—	1.39×	913.96	883.88	1.98%	160
FY 2024 Q3	Sep 30, 2024	—	4,611	—	—	—	—	—	—	1.18×	905.54	884.11	-1.23%	97
FY 2024 Q2	Jun 30, 2024	—	4,524	—	—	—	—	—	—	1.19×	904.49	881.08	-2.64%	0
FY 2024 Q1	Mar 31, 2024	—	4,717	—	—	—	—	—	—	1.16×	895.78	875.32	-2.41%	0
FY 2023 Q4	Dec 31, 2023	—	4,835	—	—	—	—	—	—	1.24×	866.7	866.7	-2.53%	0
FY 2023 Q3	Sep 30, 2023	—	4,889	—	—	—	—	—	—	1.31×	895.11	895.11	1.45%	—
FY 2023 Q2	Jun 30, 2023	—	5,829	—	—	—	—	—	—	1.32×	921.27	904.98	3.44%	—
FY 2023 Q1	Mar 31, 2023	—	5,459	—	—	—	—	—	—	1.32×	896.92	896.92	3.36%	—
FY 2022 Q4	Dec 31, 2022	—	6,339	—	—	—	—	—	—	1.41×	889.24	889.24	3.41%	0
FY 2022 Q3	Sep 30, 2022	—	6,187	—	—	—	—	—	—	1.38×	882.36	882.36	38.26%	—
FY 2022 Q2	Jun 30, 2022	—	5,962	—	—	—	—	—	—	1.38×	874.87	874.87	276.74%	—
FY 2022 Q1	Mar 31, 2022	—	6,191	—	—	—	—	—	—	1.58×	867.77	867.77	—	—
FY 2021 Q4	Dec 31, 2021	—	6,253.48	—	—	—	—	—	—	1.56×	859.93	859.93	—	—
FY 2021 Q3	Sep 30, 2021	—	6,166.71	—	—	—	—	—	—	1.6×	638.17	638.17	—	—
FY 2021 Q2	Jun 30, 2021	—	5,077.75	—	—	—	—	—	—	1.46×	232.22	232.22	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · HOOD, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.