Robinhood Markets, Inc. SEC Filings

Robinhood Markets, Inc. reported a record 2025 with total net revenues of $4.5 billion, up 52% year-over-year, and net income of $1.9 billion, driving diluted EPS to $2.05. Fourth-quarter net revenues were $1.28 billion, up 27%, with EPS of $0.66.

Growth was broad-based: 2025 transaction-based revenues rose 60% to $2.63 billion, net interest revenues climbed 37% to $1.51 billion, and Adjusted EBITDA increased 76% to $2.52 billion. Total Platform Assets reached $324 billion, Net Deposits over the past year were $68.1 billion, and Robinhood Gold subscribers grew 58% to 4.2 million.

The Board appointed Shiv Verma as Chief Financial Officer and principal accounting officer effective February 6, 2026, succeeding Jason Warnick, who remains as a strategic advisor until September 1, 2026. Robinhood plans 2026 Adjusted Operating Expenses and SBC of $2.6–$2.725 billion, about 18% growth at the midpoint.

A shareholder of Robinhood Markets plans to sell 125,000 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC, with an aggregate market value of 10,352,500.00. The shares are listed as outstanding at 786,356,025, and the sale is targeted for 02/09/2026 on the NASDAQ.

The securities to be sold were acquired as restricted stock units from the issuer on 03/01/2023 in the same amount of 125,000 shares. The filing also notes prior 10b5-1 sales for Jason Warnick of 300,000 common shares on 11/11/2025, generating gross proceeds of 39,842,135.00 over the past three months.

Robinhood Markets Chief Legal Officer Daniel M. Gallagher Jr. reported selling a total of 10,000 shares of Class A common stock on February 3, 2026 in a series of market transactions.

The sales, executed under a Rule 10b5-1 trading plan adopted on August 8, 2025, occurred at weighted-average prices ranging from $85.552 to $90.33 per share across multiple trades. Following these transactions, Gallagher beneficially owned 393,612 shares of Robinhood Class A common stock directly.

Robinhood Markets’ Chief Brokerage Officer Steven M. Quirk sold 52,540 shares of Class A common stock in pre‑planned trades. The sales occurred on February 3, 2026 under a Rule 10b5-1 trading plan adopted on November 12, 2024, at weighted-average prices ranging from about $85.54 to $90.06. After these transactions, Quirk directly beneficially owned 27,564 Class A shares of Robinhood Markets, Inc.

Robinhood Markets Chief Brokerage Officer Steven M. Quirk reported equity award activity involving Class A Common Stock. On February 1, 2026, 43,403 restricted stock units converted into an equal number of Class A shares upon vesting and settlement, increasing his directly held shares before tax withholding.

On the same date, 17,795 Class A shares were withheld by Robinhood to cover tax obligations tied to this RSU vesting at a price of $99.48 per share, which the filing notes does not represent a sale. After these transactions, Quirk directly owned 80,104 Class A shares. The RSUs were granted under Robinhood’s 2021 Omnibus Incentive Plan, with vesting scheduled in equal quarterly installments subject to continued service.

Steven Quirk has filed a Form 144 indicating an intention to sell 52,540 shares of HOOD common stock. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of 4723871.40, and 786,356,025 shares of common stock outstanding.

The 52,540 shares were acquired as restricted stock units from the issuer on 02/01/2025. In the past three months, sales under a Rule 10b5-1 plan for Steven Quirk included 49,942 common shares on 12/03/2025 for gross proceeds of 6550006.33 and 48,350 shares on 11/04/2025 for 6798676.60.

Robinhood Markets, Inc. furnished quarterly order routing disclosure reports for the fourth quarter of 2025 for its broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC. These Held NMS Stocks and Options Order Routing Public Reports were prepared under SEC Rule 606(a) of Regulation NMS.

The reports describe how certain non-directed customer orders were routed and include some of the payment for order flow received from trading venues, with Robinhood Securities sharing such payments with Robinhood Financial under a revenue and cost allocation agreement. The reports are unaudited, subsidiary-level only, and do not present Robinhood’s consolidated financial results.

The information is being furnished, not filed, and is not subject to liability under Section 18 of the Exchange Act, nor automatically incorporated into other SEC filings unless specifically referenced.

Robinhood Markets, Inc. reported that Chief Technology Officer Jeffrey Tsvi Pinner sold Class A common stock in three transactions on January 26, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on November 11, 2024.

Pinner sold 200 shares at $105.285, 4,064 shares at $107.3624, and 1,600 shares at $108.0661, all at weighted-average prices executed in multiple trades during the day. Following these sales, he directly beneficially owned 9,133 Class A shares.

A holder of common stock has filed a notice to sell 327,500 shares of the issuer’s stock under Rule 144. The planned sale is to be executed through Morgan Stanley Smith Barney LLC on the NASDAQ, with an approximate aggregate market value of $39,191,925.00. The filing lists an approximate sale date of 01/15/2026 and notes that there are 786,356,025 shares of this class outstanding.

The shares to be sold were originally acquired as founders shares from the issuer on 04/30/2019, with the full amount of 327,500 shares acquired on that date and payment also dated 04/30/2019. The section for securities sold during the past three months contains no disclosed prior sales, indicating this notice relates to a new planned disposition of these founder-acquired shares.