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Robinhood Markets total debt 2019–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Robinhood Markets's total debt was 22.14B USD on 30 September 2026, up 41.3% on a year before. At the end of fiscal year 2025 it was 11.63B USD.
Last updated 13 Nov 2026 · Next report 9 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 22.14B | +41.33% | 15.73B | -6.41B | 2.21 |
| FY2025 | 31 Dec 2025 | 11.63B | +55.78% | 10.45B | -1.18B | 1.27 |
| FY2024 | 31 Dec 2024 | 7.46B | +110.40% | 10.50B | 3.03B | 0.94 |
| FY2023 | 31 Dec 2023 | 3.55B | +93.40% | 8.44B | 4.90B | 0.53 |
| FY2022 | 31 Dec 2022 | 1.83B | -49.77% | 7.85B | 6.02B | 0.26 |
| FY2021 | 31 Dec 2021 | 3.65B | +90.05% | 8.09B | 4.44B | 0.50 |
| FY2020 | 31 Dec 2020 | 1.92B | +185.02% | 2.21B | 283.99M | — |
| FY2019 | 31 Dec 2019 | 674.03M | — | 647.05M | -26.98M | — |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 22.14B | +41.33% | 15.73B | -6.41B | 2.21 |
| Q2 FY2026 | 30 Jun 2026 | 22.71B | +79.64% | 16.16B | -6.54B | 2.40 |
| Q1 FY2026 | 31 Mar 2026 | 13.39B | +47.14% | 12.19B | -1.20B | 1.44 |
| Q4 FY2025 | 31 Dec 2025 | 11.63B | +55.78% | 10.45B | -1.18B | 1.27 |
| Q3 FY2025 | 30 Sept 2025 | 15.67B | +114.43% | 14.61B | -1.06B | 1.83 |
| Q2 FY2025 | 30 Jun 2025 | 12.64B | +148.28% | 13.54B | 898.00M | 1.57 |
| Q1 FY2025 | 31 Mar 2025 | 9.10B | +115.85% | 11.25B | 2.16B | 1.14 |
| Q4 FY2024 | 31 Dec 2024 | 7.46B | +110.40% | 10.50B | 3.03B | 0.94 |
| Q3 FY2024 | 30 Sept 2024 | 7.31B | +125.15% | 11.04B | 3.74B | 1.01 |
| Q2 FY2024 | 30 Jun 2024 | 5.09B | +70.72% | 9.26B | 4.16B | 0.71 |
| Q1 FY2024 | 31 Mar 2024 | 4.22B | +61.56% | 9.29B | 5.08B | 0.61 |
| Q4 FY2023 | 31 Dec 2023 | 3.55B | +93.40% | 8.44B | 4.90B | 0.53 |
| Q3 FY2023 | 30 Sept 2023 | 3.25B | +104.99% | 7.86B | 4.62B | 0.49 |
| Q2 FY2023 | 30 Jun 2023 | 2.98B | +96.06% | 8.52B | 5.54B | 0.41 |
| Q1 FY2023 | 31 Mar 2023 | 2.61B | +11.78% | 7.81B | 5.20B | 0.37 |
| Q4 FY2022 | 31 Dec 2022 | 1.83B | -49.77% | 7.85B | 6.02B | 0.26 |
| Q3 FY2022 | 30 Sept 2022 | 1.58B | -49.42% | 7.39B | 5.80B | 0.23 |
| Q2 FY2022 | 30 Jun 2022 | 1.52B | -80.58% | 7.31B | 5.78B | 0.22 |
| Q1 FY2022 | 31 Mar 2022 | 2.33B | -65.20% | 8.16B | 5.83B | 0.33 |
| Q4 FY2021 | 31 Dec 2021 | 3.65B | — | 8.09B | 4.44B | 0.50 |
| Q3 FY2021 | 30 Sept 2021 | 3.13B | — | 7.72B | 4.59B | 0.42 |
| Q2 FY2021 | 30 Jun 2021 | 7.83B | — | 6.53B | -1.31B | — |
| Q1 FY2021 | 31 Mar 2021 | 6.71B | — | 5.97B | -735.16M | — |
| Q4 FY2019 | 31 Dec 2019 | 711.83M | — | 644.05M | -67.78M | 0.87 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Robinhood Markets's debt
Source: Financial Modeling Prep