---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-002760"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:56:02.943136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Robinhood Q4 net revenues up 5% QoQ; co-founders cancel $485M in RSUs; board OKs share buyback from Emergent

## Summary
- Q4 total net revenues $380M, up 5% sequentially; net loss $166M (-$0.19 EPS).
- Co-founders Vlad Tenev and Baiju Bhatt cancelled 35.5M unvested RSUs, creating ~$485M one-time charge but reducing future quarterly SBC by up to $50M.
- Board authorized pursuing purchase of up to 55M shares from Emergent Fidelity, bought in May 2022; no guarantee.
- Full-year 2023 GAAP operating expense guidance $2.375B-$2.515B, including the $485M charge.
- Adjusted EBITDA positive $82M in Q4 vs negative prior quarters; net deposits $4.8B.

## SEC filing metadata
- accession: 0001628280-23-002760
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000162828023002760/0001628280-23-002760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000162828023002760/hood-20230203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-002760
- JSON: https://secwatch.observer/filing/0001628280-23-002760.json
- Plain text: https://secwatch.observer/filing/0001628280-23-002760.txt

## Key facts
- Earnings Releases
  Robinhood Markets, Inc. reported full year of 2022 results: revenue $1.36 billion, net income -$1.03 billion, EPS -$1.17.
  - Period: full year of 2022
  - Revenue: $1.36 billion
  - Net income: -$1.03 billion
  - EPS: -$1.17
  - Result: reported results
  source text: Full Year Results: • Total net revenues were $1.36 billion. • Net loss was $1.03 billion , or EPS -$1.17 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000162828023002760/0001628280-23-002760-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.