Public vs Robinhood Statistics 2026: Users, Assets, and Fees Compared

Robinhood Markets ended 2025 with 27.0 million funded customers and total platform assets that increased 68% year over year to $324 billion, figures disclosed in its SEC filings. Public, a private competitor, reports only billions in assets. Its company statement carries no funded-account count to set against Robinhood’s filed figure. That single Public vs Robinhood contrast frames every number that follows: one of these two retail investing apps publishes audited quarterly data, and the other does not, so a fair comparison has to flag which figures carry filing-level authority and which are company-reported.

Key Takeaways

• Robinhood reported 27.0 million funded customers at the end of 2025, up 7% year over year, according to its SEC filings.
• Robinhood’s total platform assets reached $324 billion, a 68% year-over-year increase, while Public’s asset base is undisclosed.
• Robinhood logged record net deposits of $68 billion in 2025, including $16 billion in the fourth quarter.
• Robinhood Gold subscribers hit a record 4.2 million, up 58% year over year, with a cash sweep paying 3.35% APY as of February 2026.
• Public charges a $2.99 extended-hours and OTC trade fee that is waived for Premium members, and lists no account minimum.
• Robinhood posted record revenues of $4.5 billion and diluted EPS of $2.05 in 2025, while Public, as a private company, discloses neither revenue nor profit.
• The clearest finding is structural: only 1 of the two brokers files audited numbers, so the headline metrics exist on Robinhood’s side and remain self-reported on Public’s.

Editor’s Choice

• Robinhood funded customers: 27.0 million.
• Robinhood’s total platform assets: $324 billion.
• Robinhood 2025 net revenues: $4.5 billion.
• Robinhood Gold subscribers: 4.2 million.
• Robinhood’s average revenue per user: $191.
• Public extended-hours and OTC fee: $2.99 per trade, waived for Premium.
• Public capital raised: over $400 million from investors, including Accel and Tiger Global (company-reported; no SEC-filed asset figure).

Public vs Robinhood: Users and Funded Accounts

• Robinhood reported 27.0 million funded customers at year-end 2025, an increase of 1.8 million, or 7%, year over year.
• Robinhood’s investment accounts grew to 28.4 million, up 2.2 million, or 8%, year over year.
• Public says it has “been trusted with billions in assets of affluent investors” but discloses no funded-account count.
• Public is a private company and is not required to file customer counts with the SEC, so no audited user figure exists.

Source: Robinhood FY2025 Form 8-K Exhibit 99.1 (SEC EDGAR); Public company statement

Robinhood reported 27.0 million funded customers at the end of 2025, an increase of 1.8 million, or 7%, year over year, and 28.4 million investment accounts, up 8%, according to its SEC filings. Public, a private company, says it has been trusted with billions in assets of affluent investors since launching in 2019.

Because only one side files audited customer data, the two apps cannot be ranked on a like-for-like user metric, which is the first thing most “Public vs Robinhood” comparisons get wrong.

Does Public have more users than Robinhood?

No verified answer exists. Public, a private company, reports billions in assets. Its statement names no funded-account count, so its user base cannot be compared on a filed figure. Robinhood’s funded customer total is disclosed in its SEC filings, while any number attributed to Public relies on estimates the company itself has not confirmed, so only Robinhood’s count is auditable.

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Assets and Net Deposits Compared

• Robinhood’s total platform assets reached $324 billion at the end of 2025, a 68% year-over-year increase.
• The increase was driven by continued net deposits, acquired assets, and higher equity valuations, per Robinhood’s filing.
• Robinhood recorded record net deposits of $68 billion in 2025.
• Fourth-quarter net deposits were $15.9 billion, and the company cited $16 billion in Q4 within its record full-year net deposits.
• Public’s asset base is described only as “billions” and carries no filed figure to compare against.

Robinhood’s total platform assets increased 68% year over year to $324 billion in 2025, driven by continued net deposits, acquired assets, and higher equity valuations, and it recorded record net deposits of $68 billion, including $16 billion in Q4.

That asset jump is the kind of growth figure Public cannot match, simply because it files nothing. Across our coverage of more than 80 financial-statistics pages, the pattern holds that adoption and asset growth track regulatory transparency: the firms that disclose tend to be the ones large enough to want institutional credibility.

By the numbers: Robinhood disclosed 27.0 million funded customers, $324 billion in total platform assets, and $68 billion in record net deposits for 2025 in its SEC filings. Public, a private company, reports only “billions in assets” and files no comparable figures, leaving the scale gap unmeasurable on equal terms.

Recent Developments

• February 2026: Robinhood reported record full-year 2025 results, including $4.5 billion in revenue and 27.0 million funded customers, in its Form 8-K.
• February 11, 2026: Robinhood listed a 3.35% APY on its High-Yield Cash sweep for Gold members on its support pages.
• December 11, 2025: Public’s broker-dealer, Open to the Public Investing, filed an updated Customer Relationship Summary effective that date.
• 2025: Robinhood Gold subscribers grew 58% year over year to a record 4.2 million, per the company’s filing.
• 2025: Robinhood’s margin book grew 113% year over year to a record $16.8 billion, according to its SEC disclosures.

Robinhood reported record revenues of $4.5 billion in 2025. Robinhood listed a 3.35% APY on eligible cash for Gold members as of Feb 11, 2026, on its support pages. Open to the Public Investing is registered with the SEC as a broker-dealer and is a member of FINRA and the SIPC. Robinhood’s margin book increased 113% year over year to a record $16.8 billion.

Fees and Pricing: Public vs Robinhood

• Robinhood charges $0 commissions on stock and ETF trades, funded in part through payment for order flow.
• Robinhood Gold costs $5 per month and bundles the higher cash APY, lower margin rates, and deposit features.
• Public charges no account minimum and $0 commissions on standard US stock and ETF trades.
• Public charges $2.99 per trade for extended-hours or OTC securities, a fee it waives for Premium members.
• Public also charges a per-contract fee on index options and a monthly Public Premium subscription.

Source: Robinhood Help Center; Public Form CRS (FINRA BrokerCheck)

Public Investing does not have account minimums and lets customers buy and sell US-listed stocks and ETFs, OTC securities, corporate and US government bonds, and options. Public charges $2.99 per trade for extended-hours or OTC securities, a fee waived for Premium members, and charges a per-contract fee on index options plus a monthly Public Premium subscription. Robinhood Gold carries a $5 monthly subscription that unlocks the higher cash sweep rate for self-directed taxable accounts.

Key finding: Per Public’s Customer Relationship Summary, the firm charges $2.99 per extended-hours or OTC trade and waives it for Premium subscribers, while Robinhood routes its premium value through a flat $5-per-month Gold tier. The two brokers monetize the same free-trading base through different paid layers rather than through standard commissions.

Is Public or Robinhood cheaper?

The cheaper app depends on trading style. Public Investing has no account minimums and lets customers buy and sell US-listed stocks and ETFs. Public adds a $2.99 fee on extended-hours or OTC trades unless the customer holds Premium. Robinhood Gold costs $5 per month.

Cash Yield and Robinhood Gold APY

• Robinhood Gold members earned a 3.35% APY on eligible cash in self-directed taxable accounts as of February 11, 2026.
• The $5-per-month Gold subscription and Robinhood Strategies managed accounts qualify for the higher rate.
• Robinhood notes the APY is variable and changes with Federal Reserve decisions and program-bank fees.
• Public sweeps High-Yield Cash deposits to Program Banks that pay Public an administrative fee and pay customers interest.
• Both yields are variable, and neither figure should be read as a guaranteed or advised return.

Robinhood Gold members earned a 3.35% APY on eligible cash in self-directed taxable accounts as of February 11, 2026, a variable rate subject to Federal Reserve decisions and changes in fees Robinhood receives from program banks. Public sweeps High-Yield Cash deposits to one or more Program Banks that pay Public Investing an administrative fee and pay customers interest on swept deposits.

The structures rhyme: Both apps earn on the spread between what program banks pay them and what they pass to customers, which is why neither rate is fixed and both move with the rate cycle. Investors comparing yield should treat both figures as snapshots, not commitments.

Cash sweep rates are one front in a wider competition among trading apps, which our retail investing statistics page tracks across the broader cohort. The brokerage cash-and-card features that anchor these sweeps look smaller next to mainstream payment rails detailed in our Visa payment volume statistics.

Robinhood Revenue and Profit (Public Is Private)

• Robinhood posted record revenues of $4.5 billion in 2025, including a record $1.28 billion in the fourth quarter.
• Robinhood reported record diluted EPS of $2.05 for 2025, including $0.66 in the fourth quarter.
• Robinhood’s fourth-quarter net income was $605 million, against $916 million in the same quarter a year earlier.
• Average revenue per user rose 16% year over year to $191.
• Public, as a private company, does not disclose revenue, profit, or per-user economics.

Robinhood reported record revenues of $4.5 billion in 2025, including a record $1.28 billion in Q4, record diluted EPS of $2.05, including $0.66 in Q4, Q4 net income of $605 million versus $916 million a year earlier, and average revenue per user up 16% year over year to $191. Public is a private company headquartered in New York City that has raised over $400 million from investors, including Accel and Tiger Global. As a private company, it files no revenue or profit figures.

Robinhood Gold Subscribers and Average Revenue Per User

• Robinhood Gold subscribers reached a record 4.2 million in 2025, up 58% year over year.
• That growth added 1.5 million Gold subscribers over the year.
• Average revenue per user rose 16% year over year to $191.
• Public, a private company, discloses neither a subscriber count nor per-user revenue.
• Gold’s subscription revenue and the higher cash sweep rate sit behind the per-user gain.

Source: Robinhood FY2025 Form 8-K Exhibit 99.1 (SEC EDGAR), 2025. Public figures undisclosed.

Robinhood Gold subscribers reached a record 4.2 million in 2025, an increase of 1.5 million, or 58%, year over year, and average revenue per user rose 16% year over year to $191. The subscriber surge matters more than the headline because recurring Gold revenue is steadier than trading-driven income, a mix shift that tends to reward platforms once a rate cycle turns.

Trading Volumes and Margin Activity

• Robinhood’s equity notional trading volumes hit a record $710 billion, up 68% year over year.
• Options contracts traded reached a record 659 million, up 38% year over year.
• Crypto notional trading volumes were $82 billion, including $48 billion from Bitstamp.
• Robinhood’s margin book grew 113% year over year to a record $16.8 billion.
• Net interest revenues rose 39% year over year to $411 million, driven by interest-earning assets and securities lending.

Robinhood’s equity notional trading volumes increased 68% year over year to a record $710 billion, options contracts traded rose 38% to a record 659 million, crypto notional trading volumes were $82 billion, including $48 billion from Bitstamp, the margin book grew 113% to a record $16.8 billion, and net interest revenues rose 39% to $411 million.

Public does not publish trading volumes, so these activity figures have no Public counterpart. For readers tracking how crypto trading flows across platforms, our crypto exchange statistics page sets Robinhood’s crypto notional in the context of dedicated exchanges.

Asset Classes and Products Compared

• Both apps support stocks, ETFs, options, bonds, and crypto.
• Public also supports OTC securities, US government and corporate bonds, and Traditional and Roth IRAs.
• Public lets investors track over 60 private companies, including OpenAI, Anthropic, and Stripe, alongside alternative assets.
• Robinhood, beyond the shared classes, offers futures, index options, and Bitstamp-powered crypto trading.
• Robinhood also operates TradePMR for registered investment adviser custody, extending beyond the retail app.

Source: Robinhood FY2025 Form 8-K Exhibit 99.1 (SEC EDGAR); Public Form CRS; Public company statement

Public supports US-listed stocks and ETFs, OTC securities, corporate and US government bonds, options, margin trading, and Traditional and Roth IRAs. Public lets investors track over 60 private companies, including OpenAI, Anthropic, and Stripe, alongside stocks, bonds, crypto, and options. Robinhood’s crypto offering includes Bitstamp, which accounted for $48 billion of its $82 billion in crypto notional volume. The crypto split matters for self-directed holders weighing custody, a theme our self-custody wallet statistics page covers in depth.

Account Types, Minimums, and Custody

• Public Investing is an introducing broker-dealer with no account minimums.
• Public orders are executed, cleared, and settled by Apex Clearing Corporation, which custodies customer cash and securities.
• Public offers Traditional and Roth IRAs alongside taxable accounts.
• Robinhood self-clears its trades rather than relying on a third-party clearing firm.
• Both firms are FINRA members and SIPC members.

Public Investing is an introducing broker-dealer with no account minimums, and orders placed with it are executed, cleared, and settled by Apex Clearing Corporation, which custodies customer cash and securities. The clearing difference is one of the few structural contrasts that is verifiable on both sides: Public outsources to Apex while Robinhood self-clears, a setup that gives Robinhood more control over the trade lifecycle but also concentrates operational responsibility in-house. Investors who also hold crypto on exchanges can compare custody models against our crypto exchange market share statistics page.

Robinhood Gold vs Public Premium

• Robinhood Gold costs $5 per month and bundles the 3.35% cash APY, lower margin rates, and deposit features.
• Public Premium waives the $2.99 extended-hours and OTC trade fee for subscribers.
• Public Premium sits on top of the same commission-free trading base as a paid subscription tier.
• Both subscriptions sit on top of an otherwise commission-free trading base.
• Neither tier is required to open or use a standard account.

Robinhood Gold’s $5 monthly subscription unlocks the 3.35% cash APY for self-directed taxable accounts as of February 11, 2026. Public Premium waives the $2.99 extended-hours and OTC trade fee for subscribers. The two paid tiers reward different behaviors: Gold favors cash and margin users, while Premium favors active and OTC traders.

How the Two Companies Differ: Private vs Listed

• Robinhood Markets is listed on NASDAQ under the ticker HOOD and files audited quarterly results with the SEC.
• Public is a private company that launched in 2019 and reports figures only on its own terms.
• Public says it has raised over $400 million from investors, including Accel and Tiger Global.
• Only Robinhood’s headline metrics, such as 27.0 million funded customers, carry filing-level verification.
• This structural split is the reason a numeric ranking favors whichever firm happens to disclose.

Public launched in 2019, is headquartered in New York City, and has raised over $400 million from investors including Accel and Tiger Global. As a private company, it reports its figures on its own terms. Only Robinhood’s headline metrics carry SEC filing-level verification, so a numeric ranking favors whichever firm happens to disclose, not necessarily the larger business.

Key finding: Public is a private company and does not file with the SEC, so its scale claims, including “billions in assets” and “over $400 million raised,” are self-reported. Robinhood, listed as HOOD, files audited results, which is why its disclosed funded-customer and platform-asset totals can be cited as fact while Public’s figures cannot.

Is Public better than Robinhood?

Neither app is objectively better, because the answer depends on what an investor needs, and the data is not symmetrical. Public lets investors track over 60 private companies, including OpenAI, Anthropic, and Stripe, alongside stocks, bonds, crypto, and options. Robinhood offers verified scale, futures, and a flat Gold tier. Since Public discloses no audited metrics, a strict data ranking is not possible, and the choice rests on features rather than verified size.

Safety, Insurance, and Reversibility

• Both Robinhood and Public are members of FINRA and the SIPC.
• Public Custodies customers’ cash and securities through Apex Clearing, while Robinhood self-clears.
• SIPC protection applies to custodied assets if a member broker fails, not to market losses.
• SIPC coverage does not guarantee the value of any investment.
• Both apps carry standard market risk regardless of the clearing model.

Public Investing is a member of FINRA and the SIPC, with customer cash and securities custodied by Apex Clearing Corporation. SIPC coverage is a backstop against broker failure, not a promise of returns. Readers weighing who actually uses these platforms can cross-reference our crypto user demographics statistics for the wider retail picture.

Are Public and Robinhood SIPC insured?

Yes. Both Robinhood and Public are members of the Securities Investor Protection Corporation, which protects custodied assets against a member broker’s failure rather than against ordinary market losses for Public vs Robinhood. SIPC does not cover investment losses, only the loss of custodied assets in a broker insolvency, so the protection is identical in structure across both apps.

Conclusion

Robinhood enters this comparison with 27.0 million funded customers, up 7% year over year, and $324 billion in total platform assets disclosed in its SEC filings. Public, a private company, reports only billions in assets. The numbers tilt toward Robinhood because only one of the two brokers publishes audited figures, and that disclosure asymmetry is the honest center of any data-driven matchup between them.

Investors who want verifiable scale, futures, and a flat Gold tier will find Robinhood’s record fully documented, while those drawn to private-company exposure, OTC, and Treasury access, and no extended-hours fee on Premium will weigh Public on features rather than filed metrics. The choice rests on what each investor needs, and the data, where it exists at all, lives mostly on the listed side of the ledger.