Robinhood Markets, Inc. (HOOD): restructuring charge — Robinhood cuts ~10% of workforce; expects $20M severance & $8M SBC charges

Robinhood Markets, Inc.

Workforce reduction involves approximately 10% of full-time employees and closure of open roles.
Estimated charges: $20M cash for severance/benefits; $8M for share-based compensation in Q2 2026.
Company cites position of strength with record June month-to-date average daily trading volumes across equities, options, and prediction markets.
Actions aimed at maintaining high performance culture, accelerating product velocity, and remaining lean.
Accrual to be recognized in Q2 2026; additional material changes will be disclosed via amendment.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Robinhood Markets, Inc. announced a restructuring with charges of approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation (approximately 10% of the Company's full-time employees).

Type: restructuring
Charge: approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation
Headcount: approximately 10% of the Company's full-time employees

Exact text from the filing

The Company estimates that it will incur cash restructuring and related charges comprising approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation.

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15 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Robinhood Markets, Inc. filing history →

Source: SEC EDGAR

accession 0001783879-26-000071

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