Robinhood Markets, Inc. Reports May 2025 Operating Data

Core Insights - Robinhood Markets, Inc. reported significant growth in key metrics for May 2025, including a 10% increase in total platform assets and a 7% year-over-year growth in funded customers [1][3]. Customer Metrics - Funded customers reached 25.9 million, an increase of approximately 5 thousand from April 2025 and up 7% from May 2024 [2][3]. - The growth in funded customers was impacted by the required escheatment of about 100 thousand low-balance accounts [3]. Asset Metrics - Total platform assets were $255.3 billion, reflecting a 10% increase from April 2025 and an 89% increase year-over-year [2][3]. - Net deposits for May were $3.5 billion, with an annualized growth rate of 18% compared to April 2025 [3]. Trading Metrics - Equity notional trading volumes were $180.5 billion, up 14% from April 2025 and up 108% year-over-year [2][3]. - Options contracts traded totaled 179.8 million, a 7% increase from April 2025 and a 36% increase year-over-year [2][3]. - Crypto notional trading volumes reached $11.7 billion, up 36% from April 2025 and up 65% year-over-year [2][3]. Margin and Cash Sweep Metrics - Margin balances at the end of May were $9.0 billion, a 7% increase from April 2025 and a 100% increase year-over-year [2][3]. - Total cash sweep balances were $30.8 billion, reflecting a 7% increase from April 2025 and a 52% increase year-over-year [2][3]. Revenue Metrics - Total securities lending revenue in May was $33 million, up 32% from April 2025 and up 43% year-over-year [3].