Press release
Robinhood Markets, Inc. Reports January 2023 Operating Data
MENLO PARK, Calif., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"MENLO PARK, Calif., Feb. 15, 2023 (GLOBE NEWSWIRE) -- 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 $1.2 billion from the end of December 2022. January 2023December 2022Change M/MJanuary 2022Change Y/Y(M - in millions, B - in billions) User Growth (M) Net Cumulative Funded Accounts (NCFA)23.023.00%22.71% Engagement (M) Monthly Active Users (MAU)12.011.45%17.3-31% Assets Under Custody (AUC) ($B) Total AUC$74.7$62.220%$86.8-14% Net Deposits$1.4$1.6N/M$2.9N/M Trading Trading Days (equities and options)2021-5%200%Notional Trading Volumes Equity ($B)$46.0$38.619%$60.5-24%Options contracts (M)82.975.310%$78.06%Crypto ($B)$3.7$1.995%$9.1-59% Daily Average Revenue Trades (DARTs) (M) Equity DARTs1.51.43%1.9-21%Option DARTs0.60.515%0.7-17%Crypto DARTs0.30.237%0.4-36% Customer Margin and Cash Sweep Balances ($B) Margin Book$3.0$3.1-2%$5.5-45%Cash Sweep$7.1$5.821%$2.1238% (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 upd...