Quantum Technology

credit / rates affecting interest expense

“The increase was partially offset by a decrease in interest revenue from securities lending activities, driven by lower collateral balances and higher stock loan interest expense as stock loan balances grew, as well as a decrease in interest revenue on corporate cash and investments driven by a lower short-term interest rate environment.”

HOOD 10-Q

restructuring

“NOTE 4: GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes the carrying amount of goodwill: December 31, (in millions) 2024 2025 Beginning balance $ 175 $ 179 Less: Accumulated impairment — — Beginning balance, net 175 179 Additions due to business combinations (1) 4 204 Foreign currency translation adjustment — 2 Ending balance $ 179 $ 385 _______________ (1) For the year ended December 31, 2025, additions are related to the acquisition of TradePMR and Bitstamp as disclosed in Note 3 - Business Combinations There was no impairment of goodwill for the years ended December 31, 2024 and 2025.”

HOOD 10-K

restructuring affecting expense

“Adjusted EBITDA is defined as net income attributable to Robinhood, excluding (i) net income (loss) attributable to non-controlling interests, (ii) interest expenses related to credit facilities, (iii) provision for (benefit from) income taxes, (iv) depreciation and amortization, (v) SBC, (vi) significant legal and tax settlements and reserves, and (vii) other significant gains, losses, and expenses (such as impairments, restructuring charges, and business acquisition- or disposition-related expenses) that we believe are not indicative of our ongoing results.”

HOOD 10-Q