How many Gold users does Robinhood have in 2025
How many Gold users does Robinhood have
Brief answer (summary): As of Sept 30, 2025, Robinhood reported 3.9 million Gold subscribers. As of June 30, 2025, Robinhood reported 3.5 million Gold subscribers. These figures come from Robinhood’s Q3 2025 and Q2 2025 earnings releases and associated investor materials (see References). If your search intent is "how many Gold users does Robinhood have", this article provides the latest reported counts, reporting context, business implications, and where to verify updated numbers.
Note: This article uses only company-reported figures and investor materials. It does not provide investment advice. For the most current counts, consult Robinhood’s investor relations materials.
Background — What is "Robinhood Gold"
If you are asking "how many gold users does Robinhood have" it helps to first understand what "Gold" is. Robinhood Gold is Robinhood’s paid premium subscription service. Gold typically provides: margin access (with borrowing), premium market data and research, larger instant deposit limits, and other member benefits. Investors and analysts track Gold subscribers because subscription counts feed into recurring revenue estimates, average revenue per user (ARPU) analysis, and platform engagement metrics.
Why subscriber counts matter to Robinhood’s business metrics
- Revenue mix: Gold subscription revenue contributes to Robinhood’s recurring revenue streams and appears in non-transaction "other revenues" disclosures in earnings releases. Growth in Gold subscribers can increase predictable revenue relative to commissions or crypto spread revenues.
- ARPU and monetization: A higher number of Gold subscribers typically raises ARPU for funded customers, improving unit economics.
- Engagement and retention: Gold members often use more platform features (margin, research tools), which can correlate with higher trading activity and longer customer lifetimes.
Understanding how many Gold users does Robinhood have is therefore important to estimate recurring revenue trends and to assess product-market fit for Robinhood’s premium offering.
Reported subscriber counts (timeline)
Below are the company-reported Gold subscriber totals for the quarters called out in Robinhood’s public earnings materials.
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Q2 2025: Reported 3.5 million Gold subscribers as of June 30, 2025 (Robinhood Reports Second Quarter 2025 Results — July 30, 2025). As of June 30, 2025, Robinhood reported these totals in its Q2 2025 press release and supporting exhibits.
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Q3 2025: Reported 3.9 million Gold subscribers as of Sept 30, 2025 (Robinhood Reports Third Quarter 2025 Results — November 5, 2025). The Q3 2025 release and associated Exhibit/slide deck list the 3.9 million figure and provide year-over-year and quarter-over-quarter context.
Performance context called out in the Q3 2025 materials:
- Year-over-year growth: Q3 2025 Gold subscribers were reported up approximately 1.7 million, or around 77% year-over-year, as stated in the Q3 2025 materials (Nov 5, 2025).
- Sequential growth: The move from 3.5 million (June 30, 2025) to 3.9 million (Sept 30, 2025) represents an increase of ~0.4 million Gold subscribers, roughly an 11% quarter-over-quarter rise as of the reported quarter-ends.
These figures are company-reported totals measured at quarter end and published in Robinhood’s earnings releases and accompanying exhibits. If you are searching "how many Gold users does Robinhood have" today, the most recent quarter-end reported figure should be cited and confirmed against the investor relations materials for the applicable period.
How Robinhood reports Gold subscriber metrics
Robinhood discloses Gold subscriber totals and definitions through several investor-facing channels:
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Quarterly earnings press releases: The company’s official press release for each quarter (e.g., Q2 2025 release on Jul 30, 2025; Q3 2025 release on Nov 5, 2025) provides headline figures and highlights.
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Earnings presentations / slide decks and Exhibit 99.1: For each quarterly report, Robinhood typically files an exhibit or posts a slide deck that contains tables and appendices with metric definitions and historical series for Gold subscribers and other operating metrics.
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Monthly operating metrics: Robinhood publishes monthly metrics and operating data PDFs outside of quarterly earnings that provide interim counts (customer, funded accounts, active users) and context. These monthly files are useful for tracking trends between quarters, though some monthly figures are preliminary or unaudited.
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Appendix and notes: The company’s investor materials include methodology notes and metric definitions explaining what counts as a Gold subscriber (for example, whether counts are measured at quarter-end, whether trials are included, and treatment of paused or restricted accounts).
In short, when answering "how many Gold users does Robinhood have", rely on the quarter-end totals in the press release and accompanying slides/exhibits and consult the appendix for the precise definition used in that release.
Business impact of Gold subscriptions
Robinhood has stated in its earnings materials that Gold subscribers positively affect several line items and KPIs:
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Other revenues and recurring revenue: Gold subscription fees are recorded in the revenue categories that capture recurring, non-transaction income. Growth in Gold subscribers was attributed to a portion of overall revenue growth in the Q2 and Q3 2025 earnings releases.
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ARPU (average revenue per funded customer): An increase in paid subscribers typically raises ARPU for the funded customer base. Robinhood’s investor materials often discuss ARPU changes in the same sections where they highlight subscriber trends.
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Customer monetization and lifetime value: Gold subscribers generally have higher platform engagement and access to margin, which can lead to larger trade sizes and additional fees tied to margin interest — all contributing to higher expected customer lifetime value.
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Profitability levers: Because subscription revenue is recurring and relatively predictable, higher Gold adoption can improve the company’s revenue stability, which investors often view favorably when modeling profitability.
The Q2 2025 and Q3 2025 releases explicitly note that higher Gold subscribers contributed to revenue increases and improved customer monetization metrics; these statements should be consulted in the cited investor materials for exact phrasing and numerical contribution.
Drivers of Gold subscriber growth (context from 2025 reporting)
Robinhood’s Q2 and Q3 2025 materials listed product, feature, and business developments that likely supported Gold adoption. While causality is a company-level assessment, the investor releases highlight these candidate drivers:
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Product enhancements: New or improved premium features, expanded research tools, and upgraded data/analytics offerings for Gold members make the subscription more attractive.
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Margin access and risk product adjustments: Changes to margin availability, borrowing rates, or instant settlement limits can influence the appeal of Gold for active traders who need leverage or faster settlement.
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Promotional campaigns and pricing strategies: Time-limited offers, trials, or marketing campaigns aimed at converting funded customers to Gold subscribers can move adoption rates in the short term.
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Cross-product engagement: Integration of premium features with other platform capabilities (for example, enhanced order types or advanced charting for Gold members) can increase perceived value.
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Macroeconomic and market activity: Periods of elevated market volatility or increased retail trading interest can lead to higher sign-ups for premium services that promise better tools and data.
Robinhood’s Q2 2025 and Q3 2025 investor materials list several of these initiatives as context for the observed subscriber gains; review the slide decks and press releases for the exact list of product changes and promotional efforts during those quarters.
Limitations and caveats
When answering "how many Gold users does Robinhood have", consider these important caveats:
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Company-reported and periodic: The published totals are company-reported and typically represent quarter-end snapshots. They are not necessarily the same as average subscribers during the quarter.
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Potential revisions: Counts disclosed in press releases or slide decks can be revised in subsequent filings or exhibits. Always check the most recent investor materials.
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Definition and methodology: Robinhood’s definition of a Gold subscriber (e.g., counted at quarter-end, inclusion/exclusion of trials, treatment of paused accounts) is provided in their investor materials. Differences in definitions across companies or time can affect comparability.
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Monthly metrics may be preliminary: Monthly operating data may be unaudited or preliminary and can differ slightly from the quarter-end audited or finalized figures.
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Promotions and trial activity: Free trials, promotional enrollments, and temporary price changes can affect short-term subscriber counts without reflecting durable, long-term adoption.
Because of these caveats, when using the Gold subscriber totals to model revenue or engagement, it is important to read the underlying investor materials for the precise metric definition and to note whether numbers are preliminary or final.
Where to find the most up-to-date figure
To verify "how many Gold users does Robinhood have" at any time, check these primary sources from Robinhood’s investor relations:
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Quarterly earnings press releases (investor relations press release for the quarter in question). These contain the official quarter-end totals and narrative discussion.
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Earnings presentations/slide decks and Exhibit 99.1 (posted with the earnings release). Slide decks include historical tables, appendices, and notes that often list Gold subscriber counts for multiple quarters.
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Monthly operating metrics and operating data PDFs (monthly metric releases). These provide interim trend data between quarters.
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SEC filings (where applicable): Certain detailed reconciling disclosures and footnotes will appear in the company’s filings if material adjustments are needed.
If you are tracking the latest figure, prioritize the most recent quarter-end press release and accompanying slides, and consult monthly operating data for interim updates.
References and primary sources
The primary investor materials that report the Gold subscriber counts and supporting metrics include:
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Robinhood Reports Third Quarter 2025 Results — Nov 5, 2025 (Q3 2025 press release / Exhibit 99.1) — reported 3.9 million Gold subscribers as of Sept 30, 2025.
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Robinhood Reports Second Quarter 2025 Results — Jul 30, 2025 (Q2 2025 press release) — reported 3.5 million Gold subscribers as of June 30, 2025.
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Q3 2025 Earnings Presentation and Exhibit materials (slides and appendix) — Nov 5, 2025 — contains slide-level context, definitions, and historical series for Gold subscribers.
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Robinhood Monthly Metrics and Operating Data (October/November 2025 releases) — these provide context on customers, funded accounts, and platform metrics between quarterly filings.
As of the dates above, Robinhood’s investor relations materials are the primary sources for the counts. The specific press releases and slide decks referenced are the authoritative company statements for these quarter-end totals.
Appendix A: Quick facts
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Funded Customers vs. Gold Subscribers (one-line distinction): Funded customers are accounts with available funds to trade; Gold subscribers are funded customers (or users) who have actively subscribed to Robinhood Gold and pay the subscription fee (per the company’s investor definitions).
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Adoption rate pointer (as reported): Q2 2025 materials noted an adoption rate for Gold (Gold subscribers as a share of funded customers) that the company described as above 13% during that quarter. For the precise percentage and calculation basis, consult the Q2 2025 presentation appendix (Jul 30, 2025).
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Quarter-end snapshot: The reported Gold figures are measured at quarter-end (e.g., June 30 or Sept 30) and therefore reflect a point-in-time total rather than an average over the period.
Appendix B: Notes on interpretation
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Growth rate vs. absolute count: When asking "how many Gold users does Robinhood have", the headline number answers the absolute count. For business analysis, consider both the count and the growth rate (YoY, QoQ) to assess momentum.
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Promotions and trial effects: Temporary promotions and trial periods can inflate short-term counts; verify whether the reported metric includes trial enrollments or only paying subscribers using the methods note in the investor materials.
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Reporting timing: Differences between monthly operating updates and quarter-end releases can reflect timing differences in data collection and adjustments.
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Billing vs. reporting: The reported subscriber count is a metric used for investor transparency. It may not exactly match billing cycles or the number of accounts billed during a month; check the company’s definition for the precise counting rule.
Practical next steps (for readers)
If you need the most current answer to "how many Gold users does Robinhood have":
- Check Robinhood’s most recent quarterly earnings press release and slide deck for the latest quarter-end Gold subscriber total.
- Review the appendix or exhibit for metric definitions to understand what is counted.
- For interim updates between quarters, consult Robinhood’s monthly operating metrics.
If you are researching premium-subscription adoption across platforms or comparing subscription-based monetization, keep in mind to use consistent definitions and to confirm whether trials are included in subscriber counts.
Brand note and next steps for platform users
If you are exploring crypto trading, wallets, or premium product experiences, consider learning more about Bitget’s suite of products. Bitget and Bitget Wallet provide wallet and trading services designed with security and user-first features; explore official Bitget materials to compare product offerings and wallet options for on-chain custody and account management.
For analysts and researchers tracking subscription metrics like Gold subscribers, use the primary investor materials referenced above for verified counts and consult monthly operating data for interim trend signals.
References (as cited above)
- Robinhood Reports Third Quarter 2025 Results — Nov 5, 2025 (Q3 2025 press release / Exhibit 99.1) — reported 3.9 million Gold subscribers as of Sept 30, 2025.
- Robinhood Reports Second Quarter 2025 Results — Jul 30, 2025 (Q2 2025 press release) — reported 3.5 million Gold subscribers as of June 30, 2025.
- Q3 2025 Earnings Presentation and Exhibit material (slides and appendix) — Nov 5, 2025.
- Robinhood Monthly Metrics and Operating Data (October/November 2025 releases) — for context on customers and platform metrics.
Frequently asked phrasing: "how many gold users does robinhood have"
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How many Gold users does Robinhood have? As of Sept 30, 2025, 3.9 million (Robinhood Q3 2025 Results, Nov 5, 2025). How many Gold users does Robinhood have is a common investor question because the count signals recurring revenue potential.
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How many Gold users does Robinhood have as of June 30, 2025? The company reported 3.5 million Gold subscribers in the Q2 2025 press release (Jul 30, 2025).
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How many Gold users does Robinhood have year-over-year? Robinhood reported Q3 2025 Gold subscribers up ~1.7 million or ~77% YoY (Nov 5, 2025 materials).
Final guidance — further exploration
If your goal is to monitor how many Gold users does Robinhood have over time, set a simple routine:
- Review each quarter’s press release and slide deck on the day of the earnings release.
- Keep a running spreadsheet of quarter-end totals to calculate YoY and QoQ changes yourself.
- Use monthly operating data to spot interim trends, but treat monthlies as preliminary unless otherwise stated.
For product-level comparisons (including wallets and premium features), consider exploring Bitget’s product pages and Bitget Wallet documentation to evaluate premium feature sets, security posture, and subscription-style offerings as appropriate.
Further reading: consult the investor relations materials listed in the References section above to verify all figures and to read the original context for the Gold subscriber disclosures.
