HOOD · 10-Q · 2026Q1 · Full report
Total Platform Assets Growth
Robinhood Markets, Inc. · 2026-04-29 · Importance 76 · Surprise 56
Total Platform Assets increased 39% to $307.3 billion, driven by continued Net Deposits, higher equity valuations, and acquired assets. Equities were the largest component, rising to $207.5 billion while cash held by customers and RIA assets also contributed to growth. Net Deposits were $17.7 billion in the quarter and $67.8 billion over the past twelve months, underpinning a 31% twelve‑month growth rate relative to Total Platform Assets at the end of Q1 2025. The company attributes the growth to customer deposits and higher market valuations rather than single‑customer concentration.
Key facts
- Total Platform Assets increased 39% to $307.3 billion as of March 31, 2026 compared to $220.6 billion as of March 31, 2025.
- Beginning Total Platform Assets were $322.1 billion for the three months ended March 31, 2026 compared to $192.9 billion for the three months ended March 31, 2025.
- Net Deposits of $18.0 billion for Q1 2025 translate to an annualized growth rate of 37% relative to Total Platform Assets at the end of Q4 2024.
- Over the past twelve months, Net Deposits were $67.8 billion, a growth rate of 31% relative to Total Platform Assets at the end of the first quarter of 2025.
- Net Deposits of $17.7 billion for Q1 2026 translate to an annualized growth rate of 22% relative to Total Platform Assets at the end of Q4 2025.
- Funded Customers increased by 1.7 million, or 6%, to 27.4 million as of March 31, 2026 compared to 25.8 million as of March 31, 2025.
- Investment Accounts increased by 2.1 million, or 8%, to 29.1 million as of March 31, 2026 compared to 27.0 million as of March 31, 2025.
- Net market losses were $(32.5) billion for the three months ended March 31, 2026 compared to $(33.2) billion for the three months ended March 31, 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +190.7% | Total Platform Assets increased 39% to $307.3 billion as of March 31, 2026 compared to $220.6 billion as of March 31, 2025. |
| net_income | positive | realized | +65.6% | Net market losses were $(32.5) billion for the three months ended March 31, 2026 compared to $(33.2) billion for the three months ended… |
| assets | positive | realized | +38.9% | Net Deposits of $17.7 billion for Q1 2026 translate to an annualized growth rate of 22% relative to Total Platform Assets at the end of Q4… |