Robinhood Markets, Inc. Reports July 2022 Operating Data

Rhea-AI Summary

Robinhood reported its monthly operating data for July 2022, showing Net Cumulative Funded Accounts (NCFA) at 22.9 million, unchanged from June. However, Monthly Active Users (MAU) decreased to 13.2 million, down 0.8 million. Assets Under Custody (AUC) rose by 16% to $74.6 billion, with Net Deposits at $0.7 billion for July. Trading volumes fell slightly, with equities down 3% to $49 billion, options down 2%, and cryptocurrencies down 1%. Overall, this suggests mixed performance, highlighting user retention challenges against growth in assets.

Positive

• Assets Under Custody increased 16% to $74.6 billion.
• Net Deposits totaled $0.7 billion in July, with 12% annualized growth.

Negative

• Monthly Active Users decreased by 0.8 million to 13.2 million.
• Net Cumulative Funded Accounts remained flat at 22.9 million.
• Total trading volumes decreased: Equities down 3%, Options down 2%, and Crypto down 1%.

MENLO PARK, Calif., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for July 2022:

• Net Cumulative Funded Accounts (NCFA) at the end of July were 22.9 Million, unchanged from the end of June 2022. Monthly Active Users (MAU) at the end of July were 13.2 Million, down 0.8 Million from the end of June 2022.

• Assets Under Custody (AUC) at the end of July were $74.6 Billion, up 16% from the end of June 2022. Net Deposits were $0.7 Billion in July, translating to a 12% annualized growth rate relative to June 2022 Assets Under Custody, bringing the total over the last twelve months to $17.4B, which translates to an annual growth rate of 18% relative to July 2021 Assets Under Custody.

• Total Trading Volumes in July were down slightly from June 2022. Equities were $49 Billion (down 3%), Option contracts were 67 Million (down 2%), and Cryptocurrencies were $6 Billion (down 1%).

	July 2022	June 2022	Change M/M	July 2021	Change Y/Y
(M - in millions, B - in billions)
User Growth (M)
Net Cumulative Funded Accounts (NCFA)	22.9	22.9	0%	22.4	2%
Engagement (M)
Monthly Active Users (MAU)	13.2	14.0	-6%	19.5	-33%
Assets Under Custody (AUC) ($B)
Total AUC	$74.6	$64.2	16%	$94.7	-21%
Cumulative Net Deposits	$83.8	$83.1	1%	$66.4	26%
Net Deposits	$0.7	$1.5	N/M	$0.7	N/M
Trading
Trading Days (equities and options)	20	21	-5%	21	-5%
Total Trading Volumes
Equity ($B)	$49	$50	-3%	$73	-33%
Options contracts (M)	67	68	-2%	94	-29%
Crypto ($B)	$6	$6	-1%	$13	-59%
Daily Average Revenue Trades (DARTs) (M)
Equity DARTs	1.3	1.5	-11%	2.3	-40%
Option DARTs	0.5	0.5	-1%	0.7	-34%
Total DARTs (equities and options)	1.8	2.0	-9%	3.0	-38%
Crypto DARTs	0.3	0.4	-16%	0.5	-44%
Margin ($B)
Margin Book	$4.0	$4.1	-4%	$5.6	-29%

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 also intends to use the “Overview” tab of its Investor Relations website and its blog, Under the Hood, as means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC’s Regulation Fair Disclosure (Reg. FD). The Overview page can be accessed at investors.robinhood.com/overview and Under the Hood can be accessed at blog.robinhood.com and 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

FAQ

What were Robinhood's Monthly Active Users (MAU) in July 2022?

Robinhood's Monthly Active Users in July 2022 were 13.2 million, down from 14.0 million in June.

How much did Assets Under Custody (AUC) increase for Robinhood in July 2022?

Assets Under Custody increased by 16% to $74.6 billion in July 2022 compared to June.

What were the total trading volumes for equities in July 2022 for HOOD?

Total trading volumes for equities in July 2022 were $49 billion, a 3% decline from June.

What is the change in Net Cumulative Funded Accounts (NCFA) for HOOD in July 2022?

The Net Cumulative Funded Accounts (NCFA) remained unchanged at 22.9 million in July 2022.

How much were Robinhood's Net Deposits in July 2022?

Robinhood's Net Deposits in July 2022 were $0.7 billion.