Robinhood Statistics and User Count for 2024
Last Updated on: December 13th, 2024
Here are a few of the most interesting Robinhood statistics and facts I was able to dig up including restaurant count, revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
Robinhood Facts
Here is pretty much everything you ever wanted to know about Robinhood.
- Website: Official Website
- Year Founded: 2013
- Headquarters: Menlo Park, CA
- Founder(s): Baiju Bhatt, Vlad Tenev
- App Download (iOS)
- App Download (Android)
Robinhood is a financial technology company that offers a popular commission-free trading platform for stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. It was founded in 2013 by Vlad Tenev and Baiju Bhatt and is headquartered in Menlo Park, California.
The Robinhood app allows users to buy and sell stocks, ETFs, and options without paying traditional trading fees or commissions. This approach aimed to make investing more accessible to a broader audience and disrupt the traditional brokerage industry. Robinhood introduced the concept of commission-free trading, which has since been adopted by many other brokerage platforms.
Robinhood also offers a simple and intuitive user interface, providing real-time market data, customizable watchlists, and basic research tools to help users make informed investment decisions. The app has gained popularity for its user-friendly design and the ability to execute trades quickly and efficiently.
Additionally, Robinhood launched cryptocurrency trading capabilities in 2018, allowing users to buy and sell cryptocurrencies, including Bitcoin, Ethereum, and other popular digital assets. This feature expanded the platform’s offerings and attracted users interested in investing in the cryptocurrency market.
While Robinhood offers a simplified and accessible investing experience, it’s important for users to carefully consider their investment decisions, educate themselves about the risks involved, and conduct their own research before engaging in trading activities.
Robinhood History:
- 2013: Robinhood Markets, Inc. is founded by Vladimir Tenev and Baiju Bhatt, aiming to democratize finance by offering commission-free trading.
- 2015: The Robinhood mobile app officially launches, providing users with commission-free trading of stocks and exchange-traded funds (ETFs).
- 2016: Robinhood introduces “Robinhood Gold,” a premium subscription service offering features like margin trading and extended trading hours.
- 2018: The company expands into cryptocurrency trading, allowing users to trade Bitcoin and Ethereum without commissions.
- 2020: Amid the COVID-19 pandemic, Robinhood experiences a surge in user growth and trading volume, becoming a significant platform for retail investors.
- 2021: Robinhood goes public via an initial public offering (IPO) on the Nasdaq, trading under the ticker symbol “HOOD.”
- 2022: The company introduces new features, including extended trading hours and a stock lending program, to enhance user experience.
- 2023: Robinhood acquires X1, a credit card issuance startup, and launches the Robinhood Card, expanding its financial product offerings.
- 2024: Robinhood launches services in the United Kingdom, marking its first major international expansion.
Robinhood Statistics
Robinhood Revenue Totals
Robinhood annual revenue:
- 2023: $1.87 billion
- 2022: $1.358 billion
- 2021: $1.815 billion
- 2020: $958 million
- 2019: $277 million
Robinhood net income:
- 2023: $541 million net loss
- 2022: $1.03 billion net loss
- 2021: $3.686 billion net loss
- 2020: $7.5 million
- 2019: $106.5 million net loss
Please note that some of these numbers are easier to find than others. A few of these statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.
Related Categories:
