HOOD · 10-Q · 2026Q1 · Full report

Liquidity and Cash Position

Robinhood Markets, Inc. · 2026-04-29 · Importance 49 · Surprise 6

Principal sources of liquidity are cash flows from operations and on‑balance sheet cash, cash equivalents and investments; as of March 31, 2026 the company held $5.0 billion of cash and cash equivalents and $153 million of stablecoin. Robinhood had committed revolving credit facilities with total borrowing capacity up to $4.875 billion and borrowing capacity for the Trust up to $1.250 billion as of March 31, 2026. Material contractual commitments include purchase commitments of $1,159 million and total contractual obligations of $2,216 million as of March 31, 2026; the company also has two committed short‑term financing agreements with daily minimum commitments of $25 million and $35 million. Based on current operations management believes primary sources of liquidity will be adequate to meet current liquidity needs for the next 12 months.

Key facts

• As of March 31, 2026, Robinhood had cash and cash equivalents of $5.0 billion and stablecoin of $153 million.
• Net Deposits for the three months ended March 31, 2026 were $17.7 billion compared to $18.0 billion for the three months ended March 31, 2025.
• Net cash used in investing activities for the three months ended March 31, 2026 was $(284) million.
• Net cash used in financing activities for the three months ended March 31, 2026 was $(417) million.
• Investing activities changes included a decrease in proceeds from maturities of held-to-maturity investments of $208 million and an increase in purchases of non-marketable securities of $92 million for the three months ended March 31, 2026.

Impact estimates