Robinhood (HOOD) Net Deposits

Tracks incoming minus outgoing customer funds, providing a direct signal of user confidence, funding growth, and short‑term revenue potential from deployed assets.

After a muted 2023 run‑rate, deposits accelerated sharply from early 2024 and have remained at materially higher levels through mid‑2026, signaling renewed retail inflows or product-driven funding (cash management, margin, crypto cycles). That lift meaningfully boosts potential fee and interest income and reduces short‑term liquidity pressure, but it also increases earnings sensitivity to market churn, rate moves and user concentration risk.