Company / R&D Expense
Robinhood Markets R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$355.0M
FY2025
5-year range
$323.0M / $438.0M
FY2021-FY2025
Trend
+9.9%
vs FY2024
Sector context
#5 of 20
Financials
What the data says
Robinhood Markets's r&d expense of $355M is higher than 75% of companies in the Financials sector (FY2025). R&D Expense returned to growth in FY2025 after 3 years of decline, reaching $355M.
Based on SEC 10-K filings.
$355M in FY2025 with a 5-year CAGR of +46.8%. Top quartile in the Financials sector.
Remained stable around $355M over the past 2 years.
Financials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -2.3%
- 5-Year CAGR
- +46.8%
- 10-Year CAGR
- -
Sector benchmark
Top 25% in FinancialsTop 25% of 20This company $355.0M Sector average $402.2M
▼
-11.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +46.8%, indicating consistent growth.
- In FY2025, r&d expense increased 9.9% year-over-year.
- Ranks #5 out of 20 companies in the Financials sector.
- Peak r&d expense was recorded in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.34 (distress zone, below 1.8 threshold)
- Strong return on equity: 25.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $355.0M | +9.9% |
| FY2024 | $323.0M | -7.4% |
| FY2023 | $349.0M | -8.4% |
| FY2022 | $381.0M | -13.0% |
| FY2021 | $438.0M | +742.3% |
| FY2020 | $52.0M | +87.7% |
| FY2019 | $27.7M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026