Robinhood Markets ended the first quarter of 2026 with 27.4 million funded customers and $307 billion in total platform assets, a scale that dwarfs anything Acorns has publicly reported. The gap is one of visibility as much as size. Robinhood (NASDAQ: HOOD) discloses funded customers, platform assets, deposits, and revenue every quarter. Acorns Grow Incorporated is private, and last published a comprehensive metric set in its 2021 SEC filing, so the figures below clearly mark which Acorns numbers are current and which are its last verifiable disclosures.

Key Takeaways

Robinhood reported 27.4 million funded customers and 29.1 million investment accounts in Q1 2026, against Acorns’ last SEC-disclosed base of more than 4 million everyday Americans in 2021.
Robinhood’s $307 billion in total platform assets has no current Acorns equivalent, since Acorns has not disclosed a comprehensive asset figure since its 2021 SEC filing.
Robinhood earns transaction-based revenue rather than per-trade commissions, while Acorns runs a flat-fee ladder of $3, $6, and $12 per month.
Robinhood Gold reached 4.3 million subscribers, up 36% year over year, roughly matching Acorns’ entire last-disclosed subscriber count.
Robinhood Strategies held over $1.6 billion in assets under management, the closest apples-to-apples comparison to Acorns’ robo-advisory model.
Robinhood posted total net revenues of $1.07 billion in Q1 2026, up 15% year over year; Acorns, as a private company, does not report quarterly revenue.

Editor’s Choice

Robinhood added $17.7 billion in net deposits in a single quarter, a 22% annualized growth rate.
Robinhood’s average revenue per user reached $157, up 8% year over year in Q1 2026.
Acorns Gold, its $12 per month family plan, doubled its customer base in the past year.
Acorns has served over 3.3 million kids globally, including one million in the United States.
Robinhood Gold subscription revenue hit $50 million in Q1 2026, up 32% year over year.
Acorns completed its 5th strategic acquisition in under two years with the 2025 purchase of Zeta.

Funded Customers and Subscribers

Robinhood reported 27.4 million funded customers in Q1 2026, an increase of 1.7 million, or 6%, year over year, with investment accounts reaching 29.1 million, up 8%. Acorns has not released a directly comparable funded-account figure since 2021, when SEC materials described more than 4 million everyday Americans and 4.3 million subscribers. The table below pairs the most recent verifiable count from each company with the disclosure date attached to every Acorns figure.

Metric	Robinhood (Q1 2026)	Acorns (last disclosed)
Funded customers / subscribers	27.4 million	4.3 million (2021)
Investment accounts	29.1 million	Not separately reported
Year-over-year growth	+6%	+79% revenue growth (2021)
Disclosure cadence	Quarterly	Selective press releases

Source: Robinhood Investor Relations, SEC EDGAR (Acorns 2021 filing)

Our coverage of 80-plus statistics pages shows that subscriber and account growth, not price, is the metric that survives market cycles, and it is exactly the metric Acorns has stopped reporting at scale.

Total Platform Assets and AUM

Robinhood held $307 billion in total platform assets at the end of Q1 2026, up 39% year over year, driven by net deposits, higher equity valuations, and acquired assets. Acorns has not disclosed a comparable total since its 2021 SEC filing, when it reported 4.3 million subscribers, so no current head-to-head asset figure exists. Its subscriber base remains the closest verifiable Acorns proxy for scale.

By the numbers: Robinhood Investor Relations reported $307 billion in total platform assets and $17.7 billion in net deposits in Q1 2026 alone. Acorns publishes no comparable platform-asset or deposit figure, so the single-quarter Robinhood deposit number has no current Acorns counterpart, a measure of how far the two platforms diverge in both scale and disclosure.

Recent Developments

April 2026: Robinhood reported Q1 2026 net deposits of $17.7 billion and 4.3 million Gold subscribers.
February 2026: Robinhood closed 2025 with record annual revenues of $4.5 billion and 27.0 million funded customers.
March 2026: Robinhood’s board refreshed its share repurchase authorization to $1.5 billion.
June 2025: Acorns acquired couples-finance app Zeta, its fifth acquisition in under two years.
May 2025: Acorns acquired EarlyBird and disclosed it had doubled its $12 per month Acorns Gold customer base over the prior year.
February 2025: Acorns marked one million kids served in the United States through Acorns Early.

Robinhood Funded Customer Growth

Robinhood’s customer base grew steadily through 2025 and into 2026. Funded customers rose to 27.0 million by the end of 2025, up 1.8 million, or 7%, year over year, then reached 27.4 million in Q1 2026. Investment accounts followed a similar path, climbing to 28.4 million at year-end 2025 before reaching 29.1 million in Q1 2026.

The growth is incremental at this scale, where each percentage point represents hundreds of thousands of new accounts. The number alone understates the engine underneath it: deposits, not headline account counts, are now the clearer signal of where Robinhood is heading.

Acorns Subscriber Base and Kids Served

Acorns frames its growth around families rather than trading volume, and its hard metrics sit in the bullets below.

Acorns has served over 3.3 million kids globally, including one million in the United States through Acorns Early.
Its last comprehensive subscriber disclosure was 4.3 million subscribers in its 2021 SEC filing, against a then-stated goal of 10 million by 2025.
Acorns described itself in 2021 as the largest subscription service in U.S. consumer finance, serving more than 4 million everyday Americans.
The company doubled its Acorns Gold customer base over the prior year as of May 2025.
Acorns made 5 strategic acquisitions in under two years, including GoHenry, PixPay, Chronifi, EarlyBird, and Zeta.

Worth noting: Acorns CEO Noah Kerner described the EarlyBird deal as a step toward becoming “a full financial wellness app for everyday families.” Acorns’ $12 per month Gold plan and its 5 acquisitions in two years point to a family-finance strategy, but the absence of a current subscriber or AUM figure leaves the precise scale undisclosed since 2021.

Net Deposits and Asset Flows

Robinhood’s net deposits are the metric that best captures momentum, and they have no public Acorns equivalent. Robinhood reported $17.7 billion in net deposits in Q1 2026, a 22% annualized growth rate, and $67.8 billion over the trailing twelve months, a 31% growth rate. For the full year 2025, net deposits reached $68 billion.

Q1 2026 net deposits: $17.7 billion.
Trailing-twelve-month net deposits: $67.8 billion.
Full-year 2025 net deposits: $68 billion, including $16 billion in Q4 2025.
Robinhood Banking deposits: over $2 billion from over 125,000 funded customers.

Acorns, by contrast, publishes no deposit or asset-flow data on a recurring basis. Readers comparing the two should treat Robinhood’s flow metrics as having no current Acorns counterpart rather than assuming parity. For a wider view of how trading-app deposits have grown, see our retail investing statistics.

Robinhood Subscription: Gold

Robinhood Gold is the company’s paid subscription tier, and its growth has become a meaningful revenue line, summarized in the figures below.

Gold subscribers: 4.3 million in Q1 2026, up 1.2 million year over year.
Year-over-year subscriber growth: 36%.
Gold subscription revenue: $50 million in Q1 2026, up 32% year over year.
Gold’s contribution lifted other revenues up 57% in the quarter.
Year-end 2025 Gold subscribers: 4.2 million.

Robinhood Gold is a paid subscription that adds higher cash-sweep rates, larger instant deposits, research tools, and lower margin rates on top of the free trading account. Gold is where Robinhood’s model starts to rhyme with Acorns’: a recurring monthly fee layered on top of a free core, rather than a fee that replaces it.

Acorns Subscription Tiers and Fees

Acorns charges a flat monthly subscription. Its three tiers are $3, $6, and $12 per month, with no per-trade commissions and no percentage-based management charges, and the top $12 tier is branded as Acorns Gold and aimed at families. The fee structure is the inverse of Robinhood’s: a fixed cost that does not scale with portfolio size or trading activity.

Why it matters: Acorns’ flat $12 per month Gold fee does not change with account balance. The flat-fee model rewards larger balances, the structural opposite of a percentage-of-assets robo-advisor, and a key reason micro-investors weigh balance size against the monthly fee.

Fee Model Compared

The two companies earn money in fundamentally different ways. Robinhood earns transaction-based revenue rather than per-trade commissions, alongside net interest and Gold subscriptions. Acorns charges a flat monthly fee of $3 to $12 and earns the bulk of its revenue from those subscriptions. The contrast shapes who each platform suits.

Robinhood: transaction-based revenue rather than per-trade commissions; revenue from order flow, interest, and subscriptions.
Acorns: flat $3 to $12 monthly fee with no per-trade commissions; revenue comes from the subscription itself.
Robinhood transaction-based revenue, Q1 2026: $623 million.
Acorns earns the bulk of its revenue from subscription fees rather than per-trade commissions.

Robinhood Revenue Mix by Source

Robinhood’s revenue leans heavily on transactions, not subscriptions. In Q1 2026, transaction-based revenue reached $623 million, up 7% year over year, split across options revenue of $260 million, equities of $82 million, and cryptocurrencies of $134 million. Net interest revenue added $359 million, up 24%, while other revenue, including Gold, contributed $85 million.

The crypto line fell sharply, with cryptocurrency revenue down 47% to $134 million, while options and equities grew. For deeper context on Robinhood’s crypto business, see our Robinhood versus Coinbase analysis.

Acorns Revenue Model

Acorns earns most of its revenue from recurring subscriptions rather than transactions. Its 2021 SEC materials described 79% revenue growth and 34% ARPU expansion year over year, built on a model where subscription fees made up the large majority of revenue. Because Acorns is private, no current revenue figure has been confirmed, and the 2021 disclosure remains the last comprehensive data point.

Acorns 2021 revenue growth: 79% year over year.
Acorns 2021 ARPU expansion: 34% year over year.
Subscription fees, not trading commissions, are the core of the Acorns revenue model.
Current revenue: not publicly disclosed since 2021.

What most coverage misses is that the Acorns revenue figures circulating online are estimates, not company disclosures. The last numbers Acorns stood behind in an SEC filing are nearly five years old, which is why we anchor every Acorns claim here to a dated source.

Robinhood Year-Over-Year Growth

Robinhood’s trajectory across 2025 and 2026 shows broad-based growth. Full-year 2025 revenue reached a record $4.5 billion, with diluted EPS of $2.05, and total platform assets rose 68% year over year to $324 billion at year-end. Q1 2026 continued the pattern with net income up 3% to $346 million and adjusted EBITDA up 14% to $534 million.

Metric	FY2025	Q1 2026
Total net revenue	$4.5 billion	$1.07 billion
Diluted EPS	$2.05	$0.38
Funded customers	27.0 million	27.4 million
Gold subscribers	4.2 million	4.3 million

Source: Robinhood Investor Relations

Acorns has no public year-over-year revenue series to place beside this, which is itself the clearest summary of the comparison. Across the trading-app coverage we track, the platforms that report transparently tend to set the benchmarks, while private peers are measured against estimates that no one can verify.

Managed Investing: Robinhood Strategies vs Acorns

The fairest head-to-head is between Acorns’ robo-advisory model and Robinhood Strategies, Robinhood’s managed-investing arm. Robinhood Strategies held over $1.6 billion in assets under management from over 285,000 funded customers as of Q1 2026. Acorns runs an established micro-investing book, but because it has not disclosed a current managed-AUM figure since its 2021 SEC filing, the two cannot be compared on a current basis.

Robinhood Strategies AUM: over $1.6 billion.
Robinhood Strategies customers: over 285,000.
Acorns 2021 subscriber base: 4.3 million, its last comprehensive disclosure.
Robinhood Banking deposits: over $2 billion.

The Private-vs-Public Disclosure Gap

Transparency, more than size, separates these two companies. Robinhood files quarterly reports with the SEC and publishes funded customers, platform assets, deposits, ARPU, and revenue every quarter. Acorns last published a comprehensive metric set in its 2021 Pioneer Merger Corp SPAC materials, when it cited 4.3 million subscribers, a deal that was later terminated.

Robinhood discloses funded customers, $307 billion in platform assets, deposits, and $1.07 billion in revenue in Q1 2026.
Acorns’ last comprehensive figure was 4.3 million subscribers in 2021.
Robinhood Gold reached 4.3 million subscribers in Q1 2026, a number Acorns last matched at the company-wide level in 2021.
Since the SPAC terminated, Acorns has shared only selective press-release figures rather than a full metric set.

The takeaway: Robinhood’s quarterly cadence produced more than a dozen verifiable 2026 data points for this comparison, while Acorns supplied a handful of dated press-release figures and one 2021 SEC disclosure. Any honest Robinhood versus Acorns comparison has to carry that asymmetry on its face rather than presenting estimated Acorns numbers as current.

How many users do Robinhood and Acorns have?

Robinhood reported 27.4 million funded customers in Q1 2026, the company’s most recent quarterly disclosure. Acorns last confirmed 4.3 million subscribers in its 2021 SEC filing and has since cited family-product milestones, including over 3.3 million kids served globally, but no current total funded-account figure.

Why doesn’t Acorns report numbers as often as Robinhood?

Acorns is a private company, so it is not bound by the quarterly reporting requirements that apply to Robinhood as a publicly traded firm. Acorns’ last comprehensive disclosure came through its 2021 SPAC filings; since that deal was terminated, it has released only selective metrics through press releases.

Is Acorns or Robinhood bigger?

Robinhood is far larger by every publicly reported measure. It reported 27.4 million funded customers and $307 billion in total platform assets in Q1 2026, while Acorns’ last comprehensive disclosure, from 2021, cited 4.3 million subscribers. Robinhood’s managed-investing arm, Robinhood Strategies, holds over $1.6 billion in assets. Acorns has not published an updated total since its 2021 SPAC filings, so the true current gap cannot be measured from disclosed figures alone.

How much does Acorns cost per month?

Acorns charges a flat monthly subscription of $3, $6, or $12, depending on the tier. The $3 Bronze plan covers an Acorns Invest account, and the $6 Silver plan adds an IRA match, while the $12 Gold plan adds kids’ investment accounts and custom portfolios. Acorns charges no per-trade commissions and no percentage-based management charges, and the flat fee does not change with account balance.

Conclusion

Robinhood ended Q1 2026 with 27.4 million funded customers, $307 billion in total platform assets, and total net revenues of $1.07 billion, a scale that Acorns’ last verifiable figures, from 2021, do not approach. The two companies also earn money in opposite ways: Robinhood through $0-commission trading backed by transaction and interest revenue, and Acorns through flat $3 to $12 monthly subscriptions. The cleanest like-for-like comparison, managed investing, leaves Robinhood Strategies’ $1.6 billion against an Acorns figure the company has not updated since 2021.

The harder truth in any Robinhood versus Acorns comparison is the data itself. Robinhood reports every quarter; Acorns has not published a comprehensive metric set since 2021. Investors weighing the two should read every current Acorns figure as a dated press-release snapshot rather than a quarterly disclosure, and watch whether Acorns returns to fuller reporting if it revisits public markets.