Robinhood Markets Inc-A 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from________ to ________ Commission File Number:001-40691______________________ Robinhood Markets, Inc. (Exact name of registrant as specified in its charter) 46-4364776(IRS EmployerIdentification No.) Delaware (State or other jurisdiction ofincorporation or organization) 85 Willow RdMenlo Park, CA 94025(Address of principal executive offices, including zip code)(844) 428-5411(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo☒ As of April23, 2026, the numbers of shares of the issuer’s Class A and Class B common stock outstanding were 791,184,698 and109,320,359. TABLE OF CONTENTS Glossary of Terms Supported Cryptocurrencies We currently support trading in the following cryptocurrencies, where available:(1) CAUTIONARY NOTE REGARDING FORWARD‑LOOKINGSTATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) of Robinhood Markets, Inc. (“RHM” and, together with itssubsidiaries, “we,” “us,” “Robinhood,” or the “Company”) contains forward-looking statements (as such phrase is used in thefederal securities laws), which involve substantial risks and uncertainties. Forward-looking statements generally relate tofuture events or our future financial or operating performance. In some cases, you can identify forward-looking statementsbecause they contain words such as “believe,” “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,”“project,” “contemplate,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words or other similar terms orexpressions that concern our expectations, strategy, plans or intentions. This Quarterly Report includes, among others,forward-looking statements regarding: •our plans to accelerate delivery of futures and derivative product offerings, including prediction markets;•our expectations regarding legal and regulatory proceedings and investigations;•our intent to continue expanding our operations outside of the United States; •that we are continuously introducing new products and diversifying our services that further expand access to thefinancial system;•our expectations regarding legislative developments and their impact on us, including with respect to the CLARITYAct, and the Guiding and GENIUS Act;•our expectation that management will exclude Bitstamp from its assessment of internal control over financial reportingfor 2025;•our expectations about adapting our product and service offerings to reflect local regulatory requirements, customerpreferences, and other location-specific factors when pursuing such expansion;•the Repurchase Program and our current expectations with respect to timing;•our belief that, based on our current level of operations, our primary sources of liquidity will be adequate to meet ourcurrent liquidity needs for the next 12 months; and•our expectations regarding RVI and the Funds (as defined below), including that RHV expects to serve as investmentadviser to additional investment vehicles registered under the 1940 Act in the future and that we expect to continuemaking balance sheet investments to provide seed or other capital to certain Funds during their early fundraisingstages;•our expectat