Want to see HOOD full AI Analyst Report?
Operating Expense Breakdown
Details spending on areas like technology, marketing, and compliance so investors can see where cash is being used and whether cost trends support a path to profitability.Robinhood has shifted from austerity to active reinvestment: technology and marketing spending have trended up to fuel Gold, cards, banking and prediction‑market growth while operations and G&A have ticked higher to support scale and the new Trump Accounts build. Management raised full‑year OpEx to fund that project (calling it cost‑plus) and still delivered strong adjusted EBITDA, but investors should watch the ROI of these targeted investments and near‑term margin sensitivity given take‑rate compression and securities‑lending headwinds.
Date | General and Administrative | Marketing | Technology and Development | Operations |
|---|---|---|---|---|
Jun 30, 2026 | $199.00M | $104.00M | $256.00M | $113.00M |
Mar 31, 2026 | $174.00M | $107.00M | $241.00M | $74.00M |
Dec 31, 2025 | $178.00M | $93.00M | $232.00M | $73.00M |
Sep 30, 2025 | $185.00M | $102.00M | $237.00M | $59.00M |
Jun 30, 2025 | $132.00M | $99.00M | $214.00M | $57.00M |
Mar 31, 2025 | $133.00M | $105.00M | $214.00M | $55.00M |
Dec 31, 2024 | $70.00M | $82.00M | $208.00M | $48.00M |
Sep 30, 2024 | $133.00M | $59.00M | $205.00M | $50.00M |
Jun 30, 2024 | $134.00M | $64.00M | $209.00M | $46.00M |
Mar 31, 2024 | $118.00M | $67.00M | $196.00M | $44.00M |