For the year ending 2025-12-31, HOOD had $1,198M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,883 | 1,411 | -541 | -1,028 |
| Depreciation and amortization | 86 | 77 | 71 | 61 |
| Impairment of long-lived assets | - | 2 | 5 | 45 |
| Provision for credit losses | 114 | 76 | 43 | 36 |
| Deferred income taxes | 181 | -369 | - | - |
| Share-based compensation | 305 | 304 | 871 | 654 |
| Change in fair value of convertible notes and warrant liability | - | - | 0 | 0 |
| Other | 3 | -2 | 3 | 35 |
| Securities segregated under federal and other regulations | -197 | 397 | 0 | 0 |
| Receivables from brokers, dealers, and clearing organizations | -62 | 382 | 13 | -12 |
| Receivables from users, net | 9,106 | 4,592 | 298 | -3,386 |
| Securities borrowed | -828 | 1,634 | 1,085 | 517 |
| Deposits with clearing organizations | 213 | 151 | 152 | -142 |
| Current and non-current prepaid expenses | 28 | 25 | -37 | -33 |
| Current and non-current deferred customer match incentives | 318 | 265 | - | - |
| Other current and non-current assets | 152 | 415 | 48 | 26 |
| Accounts payable and accrued expenses | -18 | -35 | 134 | -62 |
| Payables to users | 3,423 | 2,351 | 396 | -1,775 |
| Securities loaned | 4,163 | 3,916 | 1,713 | -1,817 |
| Other current and non-current liabilities | 228 | -27 | 45 | -31 |
| Net cash provided by (used in) operating activities | 1,638 | -157 | 1,181 | -852 |
| Purchase of property, software, and equipment | - | - | - | 28 |
| Purchases of property, software, and equipment | 15 | 13 | 2 | - |
| Capitalization of internally developed software | 39 | 37 | 19 | 29 |
| Business acquisition, net of cash and cash equivalents acquired | - | 6 | 93 | 0 |
| Consideration transferred for business acquisitions and asset acquisitions | 399 | - | - | - |
| Purchases of available-for-sale investments | - | 0 | 0 | 25 |
| Cash, cash equivalents, and segregated cash acquired in business acquisitions and asset acquisitions | 1,193 | - | - | - |
| Proceeds from sales and maturities of available-for-sale investments | - | 0 | 10 | - |
| Asset acquisition, net of cash acquired | - | 3 | - | - |
| Purchases of non-marketable securities | 244 | - | - | - |
| Purchases of held-to-maturity investments | 0 | 556 | 759 | - |
| Proceeds from maturities of held-to-maturity investments | 400 | 658 | 282 | - |
| Purchases of credit card receivables by credit card funding trust | 5,195 | 748 | - | - |
| Sales of investments | - | - | - | 42 |
| Collections of purchased credit card receivables | 4,440 | 556 | - | - |
| Other | 0 | -1 | 1 | 20 |
| Net cash provided by (used in) investing activities | 141 | -148 | -582 | -60 |
| Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | - | - | - | 0 |
| Proceeds from issuance of common stock in connection with initial public offering, net of offering costs | - | - | 0 | 0 |
| Proceeds from exercise of stock options | 16 | 18 | 5 | 6 |
| Proceeds from issuance of common stock under the employee share purchase plan | 22 | 16 | 14 | 16 |
| Taxes paid related to net share settlement of equity awards | 437 | 244 | 12 | 12 |
| Proceeds from issuance of convertible notes and warrants | - | - | 0 | 0 |
| Repurchase of class a common stock | 653 | 257 | 608 | - |
| Draws on credit facilities | 4,752 | 22 | 20 | 21 |
| Repayments on credit facilities | 4,752 | 22 | 20 | 21 |
| Borrowings by the credit card funding trust | 468 | 132 | - | - |
| Repayments on borrowings by the credit card funding trust | 0 | 1 | - | - |
| Change in principal collected from customers due to coastal bank | 0 | 6 | 1 | - |
| Payments of debt issuance costs | 17 | 15 | 10 | 10 |
| Contributions from noncontrolling interests | 11 | - | - | - |
| Net cash used in financing activities | -590 | -345 | -610 | 0 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 9 | -1 | 0 | -1 |
| Net increase (decrease) incash,cashequivalents, segregated cash, andrestrictedcash | 1,198 | -651 | -11 | -913 |
| Cash, cash equivalent, restricted cash, and restricted cash equivalent, continuing operation, beginning balance | 8,695 | 9,346 | 9,357 | - |
| Cash, cash equivalent, restricted cash, and restricted cash equivalent, continuing operation, ending balance | 9,893 | 8,695 | 9,346 | - |
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