Every material Form 8-K Robinhood Markets filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Robinhood reported third-quarter 2025 revenue of $1.27 billion, up 100% from a year earlier, with net income of $556 million and diluted EPS of $0.61. The company also raised its 2025 Adjusted Operating Expenses and SBC outlook to approximately $2.28 billion and said CFO Jason Warnick will retire, with Shiv Verma expected to succeed him as CFO.
Total net revenues up 100% year-over-year to $1.27 billion; net income up 271% to $556 million
Diluted EPS up 259% year-over-year to $0.61
2025 Adjusted Operating Expenses and SBC outlook now approximately $2.28 billion, versus a prior range of $2.15 billion to $2.25 billion
Warnick moves to an advisory role in Q1 2026 and remains employed through September 1, 2026; Shiv Verma to take over as CFO, subject to Board appointment
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.
Robinhood reported second-quarter 2025 total net revenues of $989 million, up 45% from a year earlier, and net income of $386 million, up 105%. Diluted EPS rose to $0.42 from $0.21, and the company raised its full-year 2025 expense outlook to $2.15 billion to $2.25 billion to include costs from the Bitstamp acquisition, which closed in June.
Total net revenues rose 45% year over year to $989 million; transaction-based revenues rose 65% to $539 million.
Net income rose 105% to $386 million; diluted EPS was $0.42 versus $0.21 a year earlier.
Net Deposits were $13.8 billion, and Robinhood Gold subscribers reached a record 3.5 million.
The 2025 Adjusted Operating Expenses and SBC outlook was raised to $2.15 billion to $2.25 billion from $2.085 billion to $2.185 billion, including $65 million for Bitstamp.
Robinhood reported first-quarter 2025 results for the period ended March 31, 2025, with total net revenues up 50% year-over-year to $927 million and net income up 114% to $336 million. The board also raised its share repurchase authorization by $500 million to $1.5 billion, and the company raised its 2025 Adjusted Operating Expenses and SBC outlook to $2.085 billion to $2.185 billion, including $85 million of TradePMR costs.
Diluted EPS rose 106% year-over-year to $0.37; net income was $336 million, up from $157 million a year earlier.
Share repurchase authorization increased by $500 million to $1.5 billion; about $833 million remains, per the filing.
2025 Adjusted Operating Expenses and SBC outlook raised to $2.085 billion to $2.185 billion from $2.0 billion to $2.1 billion, including $85 million for TradePMR.
Funded Customers reached 25.8 million and Robinhood Gold Subscribers reached a record 3.2 million at quarter end.
Robinhood Securities, LLC, a subsidiary of Robinhood Markets, entered a Fourth Amended and Restated Credit Agreement on March 21, 2025, with JPMorgan Chase Bank, N.A. as administrative agent. The 364-day senior secured revolving facility has a total commitment of $2.65 billion, which can be increased by up to $1.325 billion, and the filing also reports the appointment of John Hegeman to the board. The filing describes the terms and does not state how much has been borrowed.
Credit agreement dated March 21, 2025 amends and restates the $2.25 billion facility from March 2024, with JPMorgan Chase Bank, N.A. as administrative agent.
Total commitment of $2.65 billion, with a possible increase of up to $1.325 billion to a total of $3.975 billion.
Borrowings bear interest at the greatest of Daily Simple SOFR plus 0.10%, the Federal Funds Effective Rate or the Overnight Bank Funding Rate, plus a margin of 1.25% for Tranche A or 2.50% for Tranche B and C loans; undrawn commitments carr
John Hegeman was appointed to the board on March 21, 2025, increasing its size from nine to ten, and will serve on the Safety, Risk and Regulatory Committee.
Robinhood reported fourth-quarter 2024 total net revenues of $1.01 billion, up 115% from a year earlier, and net income of $916 million, or $1.01 diluted earnings per share, compared with $30 million, or $0.03, in Q4 2023. The profit figure includes a $369 million deferred tax benefit, which added $0.41 to diluted EPS, so shareholders may weigh it against core operating results. The company also gave a 2025 outlook for combined Adjusted Operating Expenses and SBC of $2.0 billion to $2.1 billion.
Q4 2024 total net revenues were $1.01 billion, up 115% year-over-year; transaction-based revenues were $672 million.
Q4 2024 net income was $916 million, including a $369 million deferred tax benefit worth $0.41 of diluted EPS.
Full-year 2024 net income was $1.41 billion, or $1.56 diluted EPS, compared with a net loss of $541 million in 2023.
2025 outlook for combined Adjusted Operating Expenses and SBC is $2.0 billion to $2.1 billion; the Bitstamp and TradePMR acquisitions are expected to close in the first half of 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Robinhood Markets filing is on SEC EDGAR ↗. 8-K briefs of other companies →