Robinhood is known for propogating memestock mania, making its founders billionaires, and changing how Americans invest. But a model of corporate governance and succession planning? Well, add it to the list. The company’s carefully planned CFO transition that underscores how far the company has come—from a scrappy startup navigating hypergrowth and market turbulence to an S&P 500 firm focused on durable, disciplined execution.
The Menlo Park, Calif.-based fintech and trading platform, which offers traditional asset and cryptocurrency trading, announced in November that CFO Jason Warnick is retiring. He will move into an advisory role in the first quarter of 2026 and remain with the company until Sept. 1, 2026, as Shiv Verma, SVP of finance and strategy and treasurer, steps into the top finance job. Fortune recently sat down with the duo at Robinhood’s Washington, D.C., office to delve into how they orchestrated the handoff—and what they learned along the way.
Today Robinhood has a fully built-out finance organization and a place in the S&P 500. In 2024, the company earned $2.95 billion in total net revenues and annual net income of $1.41 billion. This marked Robinhood’s first year of GAAP profitability year since going public in 2021. Robinhood is growing fast—its revenue is already approaching half the size of mid-tier financial firms like T. Rowe Price and Broadridge.
