HOOD · 10-Q · 2026Q1 · Full report
Operating Cash Flow Improvement
Robinhood Markets, Inc. · 2026-04-29 · Importance 52 · Surprise 42
Cash provided by operating activities totaled $2,038 million for the three months ended March 31, 2026. Improvements in operating cash flow were driven by increases in net income after non-cash adjustments and a $5,612 million increase in working capital primarily due to higher payables to users from retention of customer balances and timing of collections and payments. The company also reported an increase in securities loaned due to growth in the securities lending program, and larger securities segregated under regulations which reduced net cash by $4,350 million. Collectively these items produced a net change in operating cash flows reflected in the $2.038 billion of operating cash provided in Q1 2026.
Key facts
- Cash provided by operating activities for the three months ended March 31, 2026 was $2,038 million.
- Net changes to operating cash were driven in part by an increase in working capital primarily driven by increase in payables to users due to retention of customer balances and timing of collection of receivables, contributing $5,612 million to changes in net cash provided by operating activities.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +12.3% | Net changes to operating cash were driven in part by an increase in working capital primarily driven by increase in payables to users due… |
| cash | positive | realized | +4.5% | Cash provided by operating activities for the three months ended March 31, 2026 was $2,038 million. |