secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001783879-22-000162
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood Q2 net loss $295M ($0.34 EPS); revenue $318M, up 6% QoQ; lays off ~780 employees
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- Net loss $295M ($0.34 diluted EPS) vs $392M loss ($0.45) in Q1; revenue $318M, up 6% sequentially.
- Transaction-based revenue $202M (-7% QoQ); options $113M (-11%), crypto $58M (+7%), equities $29M (-19%).
- MAU fell to 14.0M (down 1.9M QoQ); AUC $64.2B (-31% QoQ) driven by lower market valuations.
- August workforce reduction of ~780 employees (~23% of full-time staff); estimated $30-40M cash restructuring charges.
- CPO Chennapragada steps down effective Aug 2; advisory role through Jan 2, 2023; receives $550K severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387922000162/0001783879-22-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387922000162/hood-20220729.htm
  HTML page:      https://secwatch.observer/filing/0001783879-22-000162

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