Robinhood Markets, Inc. Reports January 2023 Operating Data
February 15 2023 - 4:05PM
Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported
selected monthly operating data for January 2023:
- Net Cumulative Funded Accounts (NCFA) at the end of January
were 23.0 million, up approximately 60 thousand from December
2022(1). Monthly Active Users (MAU) at the end of January were 12.0
million, up 600 thousand from December 2022.
- Assets Under Custody (AUC) at the end of January were $74.7
billion, up 20% from the end of December 2022. Net Deposits were
$1.4 billion in January, translating to a 27% annualized growth
rate relative to December 2022 AUC. Over the last twelve months,
Net Deposits were $16.9 billion, translating to an annual growth
rate of 19% relative to January 2022 AUC.
- Notional Trading Volumes - which are the primary driver of
transaction revenues - were higher in January for equities,
options, and crypto from December 2022. Equities were $46.0 billion
(up 19%), Option contracts were 82.9 million (up 10%), and
Cryptocurrencies were $3.7 billion (up 95%).
- Margin Balances at the end of January were $3.0 billion, down
$0.1 billion from the end of December 2022.
- Cash Sweep Balances at the end of January were $7.1 billion, up
$1.3 billion from the end of December 2022. Of the $7.1 billion,
$6.0 billion were in Gold accounts, which were up $1.2 billion from
the end of December 2022.
|
January 2023 |
December 2022 |
Change M/M |
January 2022 |
Change Y/Y |
(M - in millions, B - in
billions) |
|
|
|
|
|
User Growth
(M) |
|
|
|
|
|
Net Cumulative Funded Accounts
(NCFA) |
23.0 |
23.0 |
0% |
22.7 |
1% |
|
|
|
|
|
|
Engagement
(M) |
|
|
|
|
|
Monthly Active Users
(MAU) |
12.0 |
11.4 |
5% |
17.3 |
-31% |
|
|
|
|
|
|
Assets Under Custody
(AUC) ($B) |
|
|
|
|
|
Total AUC |
$74.7 |
$62.2 |
20% |
$86.8 |
-14% |
|
|
|
|
|
|
Net Deposits |
$1.4 |
$1.6 |
N/M |
$2.9 |
N/M |
|
|
|
|
|
|
Trading |
|
|
|
|
|
Trading Days (equities and
options) |
20 |
21 |
-5% |
20 |
0% |
Notional Trading
Volumes |
|
|
|
|
|
Equity ($B) |
$46.0 |
$38.6 |
19% |
$60.5 |
-24% |
Options contracts (M) |
82.9 |
75.3 |
10% |
$78.0 |
6% |
Crypto ($B) |
$3.7 |
$1.9 |
95% |
$9.1 |
-59% |
|
|
|
|
|
|
Daily
Average Revenue Trades (DARTs) (M) |
|
|
|
|
Equity DARTs |
1.5 |
1.4 |
3% |
1.9 |
-21% |
Option DARTs |
0.6 |
0.5 |
15% |
0.7 |
-17% |
Crypto DARTs |
0.3 |
0.2 |
37% |
0.4 |
-36% |
|
|
|
|
|
|
Customer
Margin and Cash Sweep Balances ($B) |
|
|
|
Margin Book |
$3.0 |
$3.1 |
-2% |
$5.5 |
-45% |
Cash Sweep |
$7.1 |
$5.8 |
21% |
$2.1 |
238% |
|
|
|
|
|
|
(1) Net Cumulative Funded Accounts (NCFAs) only includes unique
users and does not reflect existing customers opening multiple
accounts.
For definitions and additional information regarding these
metrics, please refer to Robinhood’s full monthly metrics update,
which is available on investors.robinhood.com.
The information in this release is unaudited and the information
for the months in the most recent fiscal quarter is preliminary,
based on Robinhood’s estimates, and subject to completion of
financial closing procedures. Final results for the most recent
fiscal quarter, as reported in Robinhood’s quarterly and annual
filings with the U.S. Securities and Exchange Commission (“SEC”),
might vary from the information in this release.
About Robinhood
Robinhood Markets is on a mission to democratize finance for
all. With Robinhood, people can invest with no account minimums
through Robinhood Financial LLC, buy and sell crypto through
Robinhood Crypto, LLC, spend, save, and earn rewards through
Robinhood Money, LLC, and learn about investing through easy-to
understand educational content.
Robinhood uses the “Overview” tab of its Investor Relations
website (accessible at investors.robinhood.com/overview) and its
blog, Under the Hood (accessible at blog.robinhood.com), as means
of disclosing information to the public for purposes of the SEC’s
Regulation Fair Disclosure (Reg. FD). Investors should routinely
monitor those web pages, in addition to Robinhood’s press releases,
SEC filings, and public conference calls and webcasts, as
information posted on them could be deemed to be material
information.
"Robinhood" and the Robinhood feather logo are registered
trademarks of Robinhood Markets, Inc.
Contacts
Investor Relations
ir@robinhood.com
Media
press@robinhood.com
Robinhood Markets (NASDAQ:HOOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Robinhood Markets (NASDAQ:HOOD)
Historical Stock Chart
From Apr 2023 to Apr 2024