Robinhood Broker-Dealers Release Q3 2025 SEC Rule 606 Order Routing Reports
Robinhood furnished unaudited Rule 606 order routing reports for the third quarter of 2025 for its two broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC. The reports are subsidiary-level disclosures on payment for order flow and do not present Robinhood's consolidated results, so the filing contains no revenue, profit or guidance figures for shareholders.
- The reports were furnished as Exhibits 99.1 and 99.2 under Item 7.01 and are unaudited and presented without commentary.
- The S&P 500 summary in Robinhood Financial's report lists Virtu Americas, LLC with 52.90% of non-directed order flow for July 2025.
- Robinhood Securities passes 80% of its venue revenue to Robinhood Financial under a revenue and cost allocation agreement.