8-KEarnings & ResultsRegulation FDExhibits & Filings

Robinhood Markets, Inc. 8-K Report, Financial Results (Oct 31, 2025)

Filed October 31, 2025For Securities:HOOD

Summary

Robinhood Markets, Inc. (HOOD) has filed an 8-K report on October 31, 2025, primarily to disclose its broker-dealer subsidiaries' (Robinhood Financial LLC and Robinhood Securities, LLC) Rule 606(a) reports for the third quarter of 2025. These reports detail the routing of certain non-directed orders for Held NMS Stocks and Options. While these subsidiary-level reports do not present consolidated financial results, they provide specific information on order routing practices and aspects of payment for order flow (PFOF). Investors should note that these 606-Reports are unaudited and presented without commentary. They are intended to supplement, not replace, the company's comprehensive consolidated financial information available in its 10-Q and 10-K filings. The company also reiterates its commitment to using its Investor Relations website and Newsroom for broad, non-exclusionary disclosure of material information, in compliance with Regulation FD.

Key Highlights

  • 1Robinhood filed its Q3 2025 Rule 606(a) order routing reports for its broker-dealer subsidiaries.
  • 2The reports cover Held NMS Stocks and Options order routing practices.
  • 3These disclosures are a regulatory requirement under SEC Rule 606(a) of Reg. NMS.
  • 4The reports contain information on payment for order flow (PFOF) received from venues where orders were routed.
  • 5Robinhood Financial LLC and Robinhood Securities, LLC are the subsidiaries releasing these reports.
  • 6The 606-Reports are unaudited and provided without commentary.
  • 7The company emphasizes referring to its official 10-Q and 10-K filings for consolidated financial performance.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the Rule 606(a) order routing reports for Robinhood's broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC, for the third quarter of 2025. These reports are required by the SEC and detail how certain customer orders were routed.

No, these 606-Reports are subsidiary-level disclosures focused on order routing. They do not present Robinhood's consolidated financial results. For consolidated financial performance, investors should refer to Robinhood's most recent quarterly (10-Q) and annual (10-K) filings.

Payment for order flow (PFOF) is a practice where broker-dealers receive compensation from market makers or exchanges in exchange for directing their customers' orders to those venues. 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.

No, the 606-Reports are unaudited and are made available by Robinhood without commentary or analysis. They are factual disclosures intended to comply with regulatory requirements.