$HOOD
Robinhood Markets, Inc. Stock $hood

$hood Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000178387922000104 Filed on May 06, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$299.0M	$522.0M
YoY Change	-42.72%	309.25%
Cost Of Revenue	$31.00M	$41.00M
YoY Change	-24.4%	100.96%
Gross Profit	$268.0M	$481.2M
YoY Change	-44.3%	349.08%
Gross Profit Margin	89.63%	92.18%
Selling, General & Admin	$302.0M	$239.0M
YoY Change	26.36%	89.1%
% of Gross Profit	112.69%	49.67%
Research & Development	$266.0M	$116.9M
YoY Change	127.63%	251.93%
% of Gross Profit	99.25%	24.29%
Depreciation & Amortization	$12.00M	$4.000M
YoY Change	200.0%	131.48%
% of Gross Profit	4.48%	0.83%
Operating Expenses	$690.0M	$464.0M
YoY Change	48.71%	190.74%
Operating Profit	-$422.0M	$17.17M
YoY Change	-2557.78%	-132.74%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	$0.00	$1.000M
YoY Change	-100.0%	-799.3%
Pretax Income	-$391.0M	-$1.433B
YoY Change	-72.71%	2624.96%
Income Tax	$1.000M	$12.00M
% Of Pretax Income
Net Earnings	-$392.0M	-$1.445B
YoY Change	-72.87%	2652.28%
Net Earnings / Revenue	-131.1%	-276.82%
Basic Earnings Per Share	-$0.45	-$6.26
Diluted Earnings Per Share	-$0.45	-$6.26
COMMON SHARES
Basic Shares Outstanding	867.8M shares	230.7M shares
Diluted Shares Outstanding	867.8M shares	230.7M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.231B	$4.823B
YoY Change	29.2%
Cash & Equivalents	$6.191B	$4.795B
Short-Term Investments	$40.00M	$28.36M
Other Short-Term Assets	$29.00M	$4.602B
YoY Change	-99.37%
Inventory
Prepaid Expenses	$75.00M
Receivables	$5.339B	$5.543B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$18.36B	$14.97B
YoY Change	22.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$166.0M	$109.4M
YoY Change	51.7%
Goodwill	$100.0M
YoY Change
Intangibles	$32.00M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$5.000M	$27.82M
YoY Change	-82.03%
Total Long-Term Assets	$517.0M	$137.2M
YoY Change	276.7%
TOTAL ASSETS
Total Short-Term Assets	$18.36B	$14.97B
Total Long-Term Assets	$517.0M	$137.2M
Total Assets	$18.87B	$15.10B
YoY Change	24.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.149B	$5.841B
YoY Change	22.4%
Accrued Expenses	$23.00M	$6.600M
YoY Change	248.48%
Deferred Revenue	$7.149B
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$11.58B	$9.309B
YoY Change	24.41%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$4.675B
YoY Change	-100.0%
Other Long-Term Liabilities	$159.1M	$425.9M
YoY Change	-62.64%
Total Long-Term Liabilities	$159.1M	$5.101B
YoY Change	-96.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.58B	$9.309B
Total Long-Term Liabilities	$159.1M	$5.101B
Total Liabilities	$11.74B	$14.41B
YoY Change	-18.52%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.269B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$7.131B	-$1.485B
YoY Change
Total Liabilities & Shareholders Equity	$18.87B	$15.10B
YoY Change	24.94%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	-$392.0M	-$1.445B
YoY Change	-72.87%	2652.28%
Depreciation, Depletion And Amortization	$12.00M	$4.000M
YoY Change	200.0%	131.48%
Cash From Operating Activities	$437.0M	-$1.882B
YoY Change	-123.22%	-187.75%
INVESTING ACTIVITIES
Capital Expenditures	-$21.00M	-$11.36M
YoY Change	84.83%	34.65%
Acquisitions
YoY Change
Other Investing Activities	-$13.00M
YoY Change
Cash From Investing Activities	-$34.00M	-$11.00M
YoY Change	209.09%	30.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$0.00	$3.558B
YoY Change	-100.0%	1772.08%
NET CHANGE
Cash From Operating Activities	$437.0M	-$1.882B
Cash From Investing Activities	-$34.00M	-$11.00M
Cash From Financing Activities	$0.00	$3.558B
Net Change In Cash	$403.0M	$1.665B
YoY Change	-75.8%	-28.43%
FREE CASH FLOW
Cash From Operating Activities	$437.0M	-$1.882B
Capital Expenditures	-$21.00M	-$11.36M
Free Cash Flow	$458.0M	-$1.871B
YoY Change	-124.48%	-186.88%

Facts In Submission

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CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
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CY2022Q1	dei	Entity File Number EntityFileNumber	001-40691
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	Robinhood Markets, Inc.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-4364776
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CY2022Q1	dei	Local Phone Number LocalPhoneNumber	428-5411
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CY2022Q1	dei	Trading Symbol TradingSymbol	HOOD
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CY2022Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	14000000	USD
CY2021Q1	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	0	USD
CY2022Q1	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	1000000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11000000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-34000000	USD
CY2021Q4	us-gaap	Securities Borrowed SecuritiesBorrowed	300000	USD
CY2022Q1	us-gaap	Securities Borrowed SecuritiesBorrowed	600000	USD
CY2021Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
CY2022Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3000000	USD
CY2021Q1	hood	Proceeds From Issuance Of Convertible Debt And Warrants ProceedsFromIssuanceOfConvertibleDebtAndWarrants	3552000000	USD
CY2022Q1	hood	Proceeds From Issuance Of Convertible Debt And Warrants ProceedsFromIssuanceOfConvertibleDebtAndWarrants	0	USD
CY2021Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1000000000	USD
CY2022Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	11000000	USD
CY2021Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1000000000	USD
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	11000000	USD
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	6000000	USD
CY2022Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	3000000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3558000000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1665000000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	403000000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6190000000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10270000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7855000000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10673000000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4795000000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6191000000	USD
CY2021Q1	us-gaap	Cash Segregated Under Other Regulations CashSegregatedUnderOtherRegulations	3050000000	USD
CY2022Q1	us-gaap	Cash Segregated Under Other Regulations CashSegregatedUnderOtherRegulations	4458000000	USD
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	10000000	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	24000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7855000000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10673000000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	1000000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	3000000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	3000000	USD
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-55000000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-1445000000	USD
CY2021Q4	us-gaap	Securities Borrowed SecuritiesBorrowed	300000	USD
CY2022Q1	us-gaap	Securities Borrowed SecuritiesBorrowed	600000	USD
CY2021Q4	us-gaap	Securities Borrowed Collateral Obligation To Return Cash SecuritiesBorrowedCollateralObligationToReturnCash	300000	USD
CY2022Q1	us-gaap	Securities Borrowed Collateral Obligation To Return Cash SecuritiesBorrowedCollateralObligationToReturnCash	600000	USD
CY2021Q4	us-gaap	Securities Borrowed Amount Offset Against Collateral SecuritiesBorrowedAmountOffsetAgainstCollateral	0	USD
CY2022Q1	us-gaap	Securities Borrowed Amount Offset Against Collateral SecuritiesBorrowedAmountOffsetAgainstCollateral	0	USD
CY2021Q4	us-gaap	Securities Loaned Gross SecuritiesLoanedGross	3651000000	USD
CY2022Q1	us-gaap	Securities Loaned Gross SecuritiesLoanedGross	2150900000	USD
CY2021Q4	us-gaap	Securities Loaned Asset SecuritiesLoanedAsset	0	USD
CY2022Q1	us-gaap	Securities Loaned Asset SecuritiesLoanedAsset	0	USD
CY2021Q4	us-gaap	Securities Loaned SecuritiesLoaned	3651000000	USD
CY2022Q1	us-gaap	Securities Loaned SecuritiesLoaned	2150900000	USD
CY2021Q4	us-gaap	Securities Loaned SecuritiesLoaned	3651000000	USD
CY2022Q1	us-gaap	Securities Loaned SecuritiesLoaned	2150900000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	6000000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	0	USD
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9000000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-1485000000	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	7293000000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-392000000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4000000	USD
CY2022Q1	hood	Shares Withheld Related To Net Share Settlement Amount SharesWithheldRelatedToNetShareSettlementAmount	3000000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1000000	USD
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	230000000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	7131000000	USD
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses, as well as related disclosures, on the unaudited condensed consolidated financial statements. We base our estimates on current and historical experience and other assumptions we believe to be reasonable under the circumstances. Assumptions and estimates used in preparing our unaudited condensed consolidated financial statements include those related to revenue recognition, the determination of allowances for credit losses, the capitalization and estimated useful life of internally developed software, contingent liabilities, useful lives of property and equipment, the incremental borrowing rate used to determine the present value of lease payments, the valuation and recognition of share-based compensation, the valuation of the convertible notes and warrant liability, the valuation and estimated useful lives of acquired intangible assets, uncertain tax positions, accrued liabilities, and the recognition and measurement of current and deferred income tax assets and liabilities. Actual results could differ from these estimates and could have a material adverse effect on our operating results.</span></div>
CY2022Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are engaged in various trading and brokerage activities in which the counterparties primarily include broker-dealers, banks, and other financial institutions. In the event our counterparties do not fulfill their obligations, we may be exposed to risk. The risk of default depends on the creditworthiness of the counterparty. Default of a counterparty in equities and options trades, which are facilitated through clearinghouses, would generally be spread among the clearinghouse's members rather than falling entirely on us. It is our policy to review, as necessary, the credit standing of each counterparty.</span></div>
CY2022Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q1	hood	Number Of Classes Common Stock NumberOfClassesCommonStock	3	class
CY2021Q1	hood	Interest Income Margin InterestIncomeMargin	28000000	USD
CY2022Q1	hood	Interest Income Margin InterestIncomeMargin	35000000	USD
CY2021Q1	us-gaap	Interest Income Securities Purchased Under Agreements To Resell InterestIncomeSecuritiesPurchasedUnderAgreementsToResell	35000000	USD
CY2022Q1	us-gaap	Interest Income Securities Purchased Under Agreements To Resell InterestIncomeSecuritiesPurchasedUnderAgreementsToResell	24000000	USD
CY2021Q1	hood	Interest Income Segregated Cash And Securities InterestIncomeSegregatedCashAndSecurities	1000000	USD
CY2022Q1	hood	Interest Income Segregated Cash And Securities InterestIncomeSegregatedCashAndSecurities	1000000	USD
CY2021Q1	us-gaap	Interest Income Other InterestIncomeOther	1000000	USD
CY2022Q1	us-gaap	Interest Income Other InterestIncomeOther	1000000	USD
CY2021Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	3000000	USD
CY2022Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	6000000	USD
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	62000000	USD
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	55000000	USD
CY2021Q1	us-gaap	Revenues Revenues	522000000	USD
CY2022Q1	us-gaap	Revenues Revenues	299000000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	0	USD
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	0	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest Current DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent	40000000	USD
CY2021Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	83000000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3000000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	90000000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3000000	USD
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	7000000	USD
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	0	USD
CY2021Q4	us-gaap	Securities Loaned Collateral Right To Reclaim Cash SecuritiesLoanedCollateralRightToReclaimCash	3426800000	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest Current DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent	27000000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Current DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossCurrent	40000000	USD
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	USD
CY2020Q4	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	34000000	USD
CY2021Q4	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	40000000	USD
CY2021Q1	us-gaap	Contract With Customer Asset Credit Loss Expense ContractWithCustomerAssetCreditLossExpense	-16000000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Credit Loss Expense ContractWithCustomerAssetCreditLossExpense	-8000000	USD
CY2021Q1	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	19000000	USD
CY2022Q1	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	28000000	USD
CY2021Q1	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	31000000	USD
CY2022Q1	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	20000000	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss Current DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossCurrent	27000000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1433000000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-391000000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12000000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1000000	USD
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.008
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.003
CY2021Q4	us-gaap	Securities Borrowed Gross SecuritiesBorrowedGross	300000	USD
CY2022Q1	us-gaap	Securities Borrowed Gross SecuritiesBorrowedGross	600000	USD
CY2021Q4	us-gaap	Securities Borrowed Liability SecuritiesBorrowedLiability	0	USD
CY2022Q1	us-gaap	Securities Borrowed Liability SecuritiesBorrowedLiability	0	USD
CY2022Q1	us-gaap	Securities Loaned Collateral Right To Reclaim Cash SecuritiesLoanedCollateralRightToReclaimCash	1976700000	USD
CY2021Q4	us-gaap	Securities Loaned Amount Offset Against Collateral SecuritiesLoanedAmountOffsetAgainstCollateral	224200000	USD
CY2022Q1	us-gaap	Securities Loaned Amount Offset Against Collateral SecuritiesLoanedAmountOffsetAgainstCollateral	174200000	USD
CY2021Q4	us-gaap	Pledged Assets Separately Reported Securities Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue	9210000000	USD
CY2022Q1	us-gaap	Pledged Assets Separately Reported Securities Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue	7230000000	USD
CY2021Q4	us-gaap	Securities Borrowed Collateral Obligation To Return Cash SecuritiesBorrowedCollateralObligationToReturnCash	300000	USD
CY2022Q1	us-gaap	Securities Borrowed Collateral Obligation To Return Cash SecuritiesBorrowedCollateralObligationToReturnCash	600000	USD
CY2022Q1	hood	Pledged Assets Separately Reported Securities Pledged As Collateral With Clearing Organizations PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralWithClearingOrganizations	234000000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	14.15
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	14527468	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.20
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y4M13D
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	226000000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	4463248	shares
CY2022Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1422856	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	2.47
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	81193	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	7.66
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	17486667	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	5.21
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y5M8D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	145000000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	17486667	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	5.21
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P5Y5M8D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	145000000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	12442934	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	1.92
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P4Y10M24D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	144000000	USD
CY2021Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	0	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	2100000000	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M10D
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1445000000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9000000	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	220000000	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	10000000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	230685464	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	867769168	shares
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-1445000000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-392000000	USD
CY2021Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	0	USD
CY2022Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	0	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Parent Diluted NetIncomeLossAttributableToParentDiluted	-1445000000	USD
CY2022Q1	us-gaap	Net Income Loss Attributable To Parent Diluted NetIncomeLossAttributableToParentDiluted	-392000000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-392000000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	230685464	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	867769168	shares
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-6.26
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.45
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-6.26
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.45
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	512847069	shares
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	168931951	shares
CY2022Q1	hood	Lessee Operating Lease Number Of Renewal Options LesseeOperatingLeaseNumberOfRenewalOptions	1	option
CY2021Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	4000000	USD
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y8M26D
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0627
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	9000000	USD
CY2021Q1	us-gaap	Variable Lease Cost VariableLeaseCost	1000000	USD
CY2022Q1	us-gaap	Variable Lease Cost VariableLeaseCost	2000000	USD
CY2021Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	0	USD
CY2022Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	0	USD
CY2021Q1	us-gaap	Lease Cost LeaseCost	5000000	USD
CY2022Q1	us-gaap	Lease Cost LeaseCost	11000000	USD
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y3M14D
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0617
CY2021Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	2000000	USD
CY2022Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	3000000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	9000000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	32000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	26000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	36000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	35000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	34000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	25000000	USD
CY2022Q1	hood	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	106000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	262000000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	56000000	USD
CY2022Q1	hood	Lessee Lease Incentives LesseeLeaseIncentives	23000000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	183000000	USD
CY2021Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	85000000	USD
CY2022Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	104000000	USD
CY2021Q1	hood	Loss Contingency Plaintiff Claims Number Of Tranches LossContingencyPlaintiffClaimsNumberOfTranches	3	tranche

Files In Submission

Name	View Source	Status
0001783879-22-000104-index-headers.html	Edgar Link	pending
0001783879-22-000104-index.html	Edgar Link	pending
0001783879-22-000104.txt	Edgar Link	pending
0001783879-22-000104-xbrl.zip	Edgar Link	pending
ex311-section302certificat.htm	Edgar Link	pending
ex312-section302certificat.htm	Edgar Link	pending
ex321-section906certificat.htm	Edgar Link	pending
ex322-section906certificat.htm	Edgar Link	pending
exhibit101.htm	Edgar Link	pending
exhibit102.htm	Edgar Link	pending
exhibit103.htm	Edgar Link	pending
exhibit104.htm	Edgar Link	pending
exhibit1051.htm	Edgar Link	pending
exhibit1052.htm	Edgar Link	pending
exhibit106.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
hood-20220331.htm	Edgar Link	pending
hood-20220331.xsd	Edgar Link	pending
hood-20220331_cal.xml	Edgar Link	unprocessable
hood-20220331_def.xml	Edgar Link	unprocessable
hood-20220331_htm.xml	Edgar Link	completed
hood-20220331_lab.xml	Edgar Link	unprocessable
hood-20220331_pre.xml	Edgar Link	unprocessable
image_01.jpg	Edgar Link	pending
image_0a.jpg	Edgar Link	pending
image_0b.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$HOOD
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2022 Q1 Form 10-Q Financial Statement

#000178387922000104 Filed on May 06, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HOOD Robinhood Markets, Inc. Stock $hood

2022 Q1 Form 10-Q Financial Statement

#000178387922000104 Filed on May 06, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HOOD
Robinhood Markets, Inc. Stock $hood