Robinhood Markets Reports November 2025 Operating Data; Total Platform Assets At The End Of November Were $325B

Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for November 2025.

• Funded Customers at the end of November were 26.9 million (down approximately 130 thousand from the end of October 2025, up approximately 2.10 million year-over-year).
  • This includes the impact of required escheatment of approximately 280 thousand low-balance accounts. Prior to the escheatment, Funded Customers would have grown by approximately 150 thousand in November.
• Total Platform Assets at the end of November were $325 billion (down 5% from the end of October 2025, up 67% year-over-year).
  
  
  
   
• Net Deposits were $7.1 billion in November, or a 25% annualized growth rate relative to October 2025 Total Platform Assets.
  
  
  
  
  • Over the last twelve months, Net Deposits were $70.2 billion, or an annual growth rate of 36% relative to November 2024 Total Platform Assets.
• Trading Volumes in November:
  • Equity Notional Trading Volumes were $201.5 billion (down 37% from October 2025, up 37% year-over-year).
    
     
  • Options Contracts Traded were 193.2 million (down 28% from October 2025, up 24% year-over-year).
    
     
  • Crypto Notional Trading Volumes were $28.6 billion (down 12% from October 2025, down 19% year-over-year), including Robinhood App Notional Trading Volumes of $12.0 billion (down 14% from October 2025, down 66% year-over-year) and Bitstamp Notional Trading Volumes of $16.6 billion (down 11% from October 2025).
    
     
  • Event Contracts Traded were 3.0 billion (up 20% from October 2025).
    
    
    
     
  • Margin balances at the end of November were $16.8 billion (up 2% from the end of October 2025, up 147% year-over-year).
    
    
    
     
• Total Cash Sweep balances at the end of November were $32.5 billion (down 5% from the end of October 2025, up 23% year-over-year).
  
  
  
  
  • This includes the impact of roughly $700 million of Non-Gold Cash Sweep balances moving to customer free credit balances as we wound down the Robinhood Non-Gold Cash Sweep program in November 2025.
• Total Securities Lending Revenue in November was $34 million (down 43% from October 2025, up 48% year-over-year).