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Form 8-K · Current Report · Filed 2026-01-30

Robinhood Discloses Fourth Quarter 2025 Broker-Dealer Subsidiaries' Order Routing Reports

Robinhood Markets, Inc. released the Held NMS Stocks and Options Order Routing Public Reports for its broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC, for the fourth quarter of 2025. These reports, which comply with SEC Rule 606(a) of Regulation National Market System, disclose some of the payment for order flow received from venues to which orders were routed. Robinhood emphasizes that these reports do not present the Company's consolidated results and should be read together with its most recent quarterly and annual consolidated results on Forms 10-Q and 10-K.

Filer
Robinhood Markets Inc. HOOD · NASDAQ
Filed
Accession
0001783879-26-000007
CIK
0001783879
Signal
Low impactFinancial Services

Items reported

Item events

Reported Item

Regulation FD Disclosure

Market reaction

Close before filing

$101.24

Next session

-11.2%

Since filing

-14.5%

Latest close

$86.56

What happened, not what will happen — closing prices around the filing date.

About Robinhood Markets Inc.

Robinhood Markets Inc. is a financial technology company that primarily offers commission-free trading of stocks, ETFs, and cryptocurrencies through its innovative mobile application and web platform. Founded in 2013, Robinhood has played a pivotal role in democratizing finance, making investment more accessible to a broader audience, often appealing to younger investors. By disrupting traditional brokerage norms, it has encouraged active participation in financial markets, significantly impacting the fintech sector. Robinhood's platform is known for its user-friendly interface, which simplifies the trading process for all levels of investors. Besides equities and cryptocurrencies, Robinhood also facilitates options and cash management services. The company operates with a mission to lower barriers and cost for customers looking to manage their own investments. Headquartered in Menlo Park, California, Robinhood Markets has a significant market presence, particularly among retail investors, and has brought forward regulatory discussions around "pay for order flow," a key revenue stream for the company. As a result, Robinhood has become a significant player in conversations about market accessibility and transparency, influencing the broader landscape of retail investing.

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