Robinhood's January Metrics Shine, But Crypto Notional Trading Volume Hits A Speed Bump Sequentially

Robinhood Markets, Inc. HOOD shares are slightly lower as the company reported growth metrics for January and a fourth-quarter performance.

As of the end of January, Robinhood reached 25.5 million funded customers, marking a gain of approximately 310,000 from December 2024 and a 2 million increase from January 2024.

Assets Under Custody (AUC) stood at $204 billion in January, up 6% from the previous month and a remarkable 99% year-over-year increase.

Net deposits for January were $5.6 billion, reflecting a 35% annualized growth rate.

Robinhood’s trading volumes showed a mixed performance, with equity notional trading volumes totaling $144.7 billion last month (up 144% year-over-year but down 3% from December 2024).

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Options contracts traded reached 166.6 million (up 57% year-over-year), while crypto trading volumes decreased 32% from the previous month to $20.4 billion, though still up over 200% from January 2024.

The company’s margin balances increased to $8.3 billion, up 5% from December 2024 and 131% year-over-year.

Additionally, cash sweep balances were $26.3 billion, up 57% year-over-year.

Recently, Robinhood reported $1.01 billion in fourth-quarter revenue, beating analyst estimates of $944.62 million, while EPS came in at $1.01 compared to the expected 42 cents.

Transaction-based revenue surged by 200%, with equities and options revenues climbing 144% and 83%, respectively. Crypto revenue soared by over 700%.

Price Action: HOOD shares are trading lower by 0.50% to $63.48 at last check Friday.

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