Robinhood reports January assets under custody $102.4B

Robinhood reported selected monthly operating data for January. Funded customers at the end of January were 23.5M, up approximately 120 thousand from December 2023. Assets under custody at the end of January were $102.4B, roughly flat to December 2023. Net deposits were $3.8B in January, translating to a 44% annualized growth rate relative to December 2023 AUC. Over the last twelve months, Net Deposits were $19.5B, translating to an annual growth rate of 26% relative to January 2023 AUC. Trading volumes in January were higher for options, and lower for equities and crypto relative to December 2023. Equity notional trading volumes were $59.3B. Options contracts traded were 106.2M. Crypto notional trading volumes were $5.9B. Margin balances at the end of January were $3.6B, up 3% from December 2023. Total cash sweep balances at the end of January were $16.8B, up $0.4B from the end of December 2023. Total securities lending revenue in January was $12M, unchanged from December 2023.