Robinhood Markets, Inc. 8-K

What Happened Robinhood Markets, Inc. filed an 8‑K on January 30, 2026 (signed by CFO Jason Warnick) furnishing its broker‑dealer subsidiaries’ Held NMS Stocks and Options Order Routing Public Reports under SEC Rule 606(a) for the fourth quarter of 2025. The reports cover Robinhood Financial LLC (RHF) and Robinhood Securities, LLC (RHS) and disclose certain payment‑for‑order‑flow (PFOF) amounts received by the venues to which orders were routed.

Key Details

• 8‑K filed Jan 30, 2026; Exhibits 99.1 (RHF) and 99.2 (RHS) are the Q4 2025 Rule 606 reports.
• The 606 reports show some (but not necessarily all) PFOF amounts paid by execution venues; RHS shares the PFOF it receives with RHF under a revenue/cost allocation agreement.
• The reports are unaudited, subsidiary‑level (not consolidated), and prepared to comply with SEC Rule 606(a).
• Robinhood directs investors to its Investor Relations site (investors.robinhood.com) and Newsroom for Reg FD disclosures and related filings.

Why It Matters These Rule 606 reports give investors more detail on how Robinhood routes customer orders and the PFOF it and its broker‑dealer subsidiaries receive, which can be relevant when evaluating execution practices and revenue sources. Because the reports are unaudited and presented at the subsidiary level, investors should review them alongside Robinhood’s consolidated quarterly and annual filings (10‑Q/10‑K) for a complete view of company results and financial condition.