As of Q4'25, Robinhood ( HOOD ) reported cash and short-term investments of USD 4.26B, with no outstanding debt. This marks a significant decrease from the previous quarter, where cash and short-term investments stood at USD 14.61B. Over the period from Q1'23 to Q4'25, HOOD's cash and short-term investments showed a generally upward trend, peaking at USD 14.61B in Q3'25 before experiencing a sharp decline in Q4'25. The company consistently maintained a debt-free position throughout the entire timeframe, highlighting a strong balance sheet and prudent financial management.