Robinhood Statistics and User Count (2023)

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 Statistics

Here are a few of the most interesting Robinhood statistics and facts I was able to dig up including user 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 User Count

Number of Robinhood users:

11.8 million monthly active users

Last updated 5/12/23

Robinhood Revenue Totals

Robinhood annual revenue:

• 2021: $1.815 billion
• 2020: $958 million
• 2019: $277 million

Robinhood net income:

• 2021: $3.686 billion net loss
• 2020: $7.5 million
• 2019: $106.5 million net loss

Additional Robinhood Statistics

Reported value of Robinhood:

$8.6 billion

Last updated 7/13/20

Total amount of funding Robinhood has raised to date:

$860 million

Last updated 7/22/19