As of Q1'26, HOOD's cash and short-term investments stood at $5.01B USD, marking a substantial decline from the prior quarter's $8.04B USD, while debt remained at $0 USD across the entire period. This latest data point reflects a sharp drop in liquidity reserves, potentially signaling increased cash utilization or operational shifts in the most recent fiscal quarter. From Q2'23 to Q1'26, cash and short-term investments exhibited an overall upward trend, rising from $7.57B USD to a peak of $14.61B USD in Q3'25, with notable growth in Q1'24 ($9.29B USD) and steady increases through mid-2025 driven by apparent business expansion. However, the trajectory reversed dramatically in Q4'25 and Q1'26, with a 45% plunge from the Q3'25 high, indicating volatility and possible financial pressures; debt stayed consistently at zero, underscoring a debt-free balance sheet throughout the 12-quarter span.