On June 16, 2026, Robinhood Markets, Inc. (the "Company" or "we") announced a reduction in force as part of its efforts to maintain a high performance culture, further accelerate product velocity, and remain lean and disciplined. The Company is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels across equities, options, and prediction markets.

This reduction in force involves approximately 10% of the Company's full-time employees, and additionally involves the closure of a small number of open roles across the Company. 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. It expects to recognize the accrual for these charges in the second quarter of 2026.