Editing Robinhood Markets, Inc. (section)

=== (D) Platform & Asset Growth Metrics ===
Key metrics to watch:

* Funded customers: 26.5 million in Q2 2025 (up ~10% Y/Y)<ref name=":3" />
* Total Platform Assets: ~$279 billion at end of Q2 2025, up ~99% Y/Y (driven by net deposits, acquisitions and asset appreciation)<ref name=":2" />
* Net Deposits in Q2: ~$13.8 billion; over the prior 12 months net deposits were ~$57.9 billion (growth rate ~41%) but annualised growth relative to platform assets fell to ~25% in Q2.<ref name=":3" />

These metrics suggest that user acquisition remains good, but as platform assets scale, maintaining growth rate becomes more challenging.