Robinhood Markets, Inc.

Company facts

Industry

Security Brokers, Dealers & Flotation Companies

Headquarters

Menlo Park, California

Most recent report

10-Q, filed Jul 30, 2026

Incorporated

Delaware

Filings on record

1,009+ filings

On EDGAR

CIK 1783879

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 20 sections worth reading, with 6 positive, 10 notable, and 1 negative flags.

• NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

  Dense notes: $2.2B convertible debt, RVI gain, revenue detail, escalating litigation.
  Positive

  • $1.5B share repurchase program authorized; $374M bought back in H1 2026.
  Notable

  • $106M gain on deconsolidation of RVI in Q2 2026.
  • $2.2B aggregate principal of 0% convertible notes due 2029 issued in June 2026.
  • Best execution class action settlement approved by court in June 2026.

• Item 2

  Full of specific financial results, key metrics, workforce reduction, and new financings.
  Positive

  • Total net revenues up 32% to $1.308B in Q2 2026, beating the 15% growth in Q1.
  • Net income up 45% to $561M in Q2 2026, diluted EPS up 48% to $0.62.
  • Funded Customers grew 7% to 28.4M, Net Deposits hit $21.7B (28% annualized) in Q2 2026.
  • Total Platform Assets up 32% to $368.7B, with equities up 66% to $265.5B as of Q2 2026.
  • ARPU up 24% to $187, Gold Subscribers up 39% to 4.84M in Q2 2026.
  Notable

  • Operations costs rose 97% in Q2 2026, partly from customer experience costs for Trump Accounts.

• Risk Factors (Item 1A)

  Numerous new risks added: Robinhood Chain, Stock Tokens, Trump Accounts, RHS underwriting, $2.2B notes, 10% workforce cut.
  Notable

  • New business line as brokerage and trustee for Trump Accounts introduces unproven risks.
  • RHS won FINRA approval for underwriting in June 2026, a new revenue line with heightened risks.
  • SEC issued crypto asset classification interpretation on March 17, 2026, listing digital commodities and non-securities categories.
  • Robinhood Earn, onchain lending via self-custody wallet, launched in July 2026.
  • Robinhood Chain launched in July 2026, a permissionless Layer 2 blockchain with novel technical and legal risks.
  • Stock Tokens launched in July 2026; tokenized debt securities referencing U.S. equities.
  Negative

  • 10% workforce reduction announced in June 2026, a real headcount cut.

What changed: Jun 2026 vs. Mar 2026

About 12% of HOOD's Jun 2026 10-Q is new information. 121 paragraphs were added, 397 changed, and 106 removed. Below are the most important lines SECSift identified.

• Item 1A 189
• NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 118
• (Mark One) 98
• Item 2 47
• Item 6 4
• Item 4 2
• Item 3 2
• Item 1 1
• Item 5 1