1. Funded customers decreased by 130K, but up 2.1M year-over-year. 2. Total platform assets fell 5% in October but rose 67% year-over-year. 3. Equity trading volumes dropped 37% month-over-month, but grown 37% year-over-year. 4. Securities lending revenue decreased by 43% from October but increased 48% year-over-year. 5. Margin balances increased by 2%, up 147% compared to last year.
FAQ
Why Bearish?
The decline in funded customers and trading volumes indicates weak demand. Historical trends show similar declines have negatively impacted HOOD's stock price previously.
How important is it?
The reported decline in active customers and trading volumes raises concerns about growth prospects.
Why Short Term?
Immediate trading volumes and customer metrics influence short-term stock performance. Similar past metrics led to immediate stock reactions.
Robinhood Markets, Inc. Reports November 2025 Operating Data
MENLO PARK, Calif., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) has announced its monthly operating data for November 2025. The report highlights a total of 26.9 million funded customers at the end of November, reflecting a decrease of approximately 130,000 from October 2025 but an increase of about 2.1 million compared to the same month last year. The decline in customer numbers is largely attributed to the escheatment of around 280,000 low-balance accounts.
Key Financial Metrics for November 2025
As of the end of November, Robinhood's total platform assets stood at $325 billion, representing a 5% decline from October 2025, yet showing a significant growth of 67% year-over-year. The net deposits for the month reached $7.1 billion, demonstrating a robust 25% annualized growth rate compared to the previous month.
Operational Highlights
- Total Funded Customers: 26.9 million
- Total Platform Assets: $325 billion
- Net Deposits: $7.1 billion
Trading Volumes and Customer Engagement
Trading volumes in November showcased varied performance across different segments:
- Equity Notional Trading Volumes: $201.5 billion (down 37% from October, up 37% year-over-year)
- Options Contracts Traded: 193.2 million (down 28% from October, up 24% year-over-year)
- Crypto Notional Trading Volumes: $28.6 billion (down 12% from October, down 19% year-over-year)
- Event Contracts Traded: 3.0 billion (up 20% from October)
The margin balances at the end of November were recorded at $16.8 billion, reflecting a 2% increase from October and a substantial rise of 147% year-over-year.
Revenue Insights and Future Outlook
Despite fluctuations in trading activity, Robinhood generated a total of $34 million in securities lending revenue for November, marking a 43% decline from October 2025 while showcasing a robust growth of 48% year-over-year. The company anticipates completion of its financial procedures soon, which may adjust these preliminary figures.
For comprehensive metrics and definitions, stakeholders are encouraged to review Robinhood’s full monthly metrics release available on their investor relations website.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) revolutionizes financial services with its commission-free stock trading, aimed at democratizing market access for millions. The company enables trading across various asset classes, including stocks, options, futures, and cryptocurrencies, while also offering investment options for retirement and managed portfolios through Robinhood Strategies.
For further information, visit www.robinhood.com or their investor relations page at investors.robinhood.com.