8-KEarnings & ResultsRegulation FDExhibits & Filings

Robinhood Markets, Inc. 8-K Report, Financial Results (Jan 31, 2024)

Filed January 31, 2024For Securities:HOOD

Summary

Robinhood Markets, Inc. (HOOD) filed an 8-K on January 31, 2024, to disclose information regarding its broker-dealer subsidiaries' quarterly reports on order routing practices for the fourth quarter of 2023. These reports, filed under SEC Rule 606(a), provide details on how Robinhood Financial LLC (RHF) and Robinhood Securities, LLC (RHS) routed certain non-directed orders for Held NMS Stocks and Options. While these reports are furnished to comply with regulatory requirements and offer transparency into order flow, they are unaudited and do not represent the company's consolidated financial results. Investors should consult these reports in conjunction with Robinhood's official SEC filings (10-Q, 10-K) for a comprehensive understanding of the company's financial performance and operational details. The filing also reiterates Robinhood's use of its Investor Relations website and Newsroom for public disclosures under Regulation FD.

Key Highlights

  • 1Robinhood furnished its broker-dealer subsidiaries' Q4 2023 order routing reports (606-Reports) as required by SEC Rule 606(a).
  • 2The reports detail the routing of Held NMS Stocks and Options orders for Robinhood Financial LLC (RHF) and Robinhood Securities, LLC (RHS).
  • 3These disclosures are intended to provide transparency on how non-directed orders are handled.
  • 4The 606-Reports include information on Payment for Order Flow (PFOF) received from trading venues, with an acknowledgment of revenue sharing between RHS and RHF.
  • 5The disclosed information is unaudited and does not constitute consolidated financial results of Robinhood Markets, Inc.
  • 6Investors are advised to review these reports alongside Robinhood's official 10-Q and 10-K filings for a complete financial picture.
  • 7Robinhood continues to use its Investor Relations website and Newsroom for broad, non-exclusionary public disclosures per Regulation FD.

Frequently Asked Questions

The primary purpose of this 8-K filing is to furnish the quarterly order routing reports (606-Reports) for Robinhood's broker-dealer subsidiaries, Robinhood Financial LLC (RHF) and Robinhood Securities, LLC (RHS), for the fourth quarter of 2023, as required by SEC Rule 606(a).

No, these 606-Reports are subsidiary-level disclosures and are unaudited. They do not present the company's consolidated financial results. Investors should refer to Robinhood's Forms 10-Q and 10-K for consolidated financial information.

Payment for Order Flow (PFOF) is a practice where market makers or exchanges pay brokers for directing their customer orders to them. The 606-Reports present some, but not necessarily all, of the PFOF received from venues to which orders were routed, as required by the rule.

For comprehensive financial information, investors should consult Robinhood's most recent quarterly (10-Q) and annual (10-K) consolidated financial statements, which are available on the Financials tab of Robinhood's Investor Relations website at investors.robinhood.com, as well as other SEC filings.