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AI brief of an SEC Form 8-K · Robinhood Markets (HOOD)

Robinhood Broker-Dealers Release Q3 2025 SEC Rule 606 Order Routing Reports

Neutral Impact 1 of 5 legal/regulatory Written later

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.

Key points

  • 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.

The filing

CompanyRobinhood Markets (HOOD)
Form8-K, current report
Filed with the SECOct 31, 2025, 4:05 PM ET
Accession number0001783879-25-000305

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.