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Arphra AIPlain-English read on Robinhood Markets, Inc.’s valuationEnterprise value
$103.57B
Market cap
$95.19B
Net debt
-$5.01B
Total debt
$0
Cash & ST inv.
$5.01B
Capital structure
· balance sheet · 2026-03-31Enterprise-value bridge
Equity 92%
Share of enterprise value funded by equity vs net debt.
Market capitalisation$95.19B
+ Total debt+$0
− Cash & short-term investments−$5.01B
= Enterprise value$103.57B
Reported EV $103.57B differs from the bridge ($90.18B) — vendor EV may include preferred equity / minority interest.
Valuation
· key metrics · TTMEV multiples
EV / EBITDA46.6×
EV / Sales22.5×
EV / FCF48.2×
Net debt / EBITDA3.8×
Debt / Equity—
History
· 3y · net debt held constant