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(1) Funded Customers (previously NCFA)

We define a Funded Customer as a unique person who has at least one account with a Robinhood entity and, within the past 45 calendar days (a) had an account balance that was greater than zero (excluding amounts that are deposited into a Funded Customer account by the Company with no action taken by the unique person) or (b) completed a transaction using any such account. Individuals who share a funded joint investing account (which launched in July 2024) are each considered to be a Funded Customer.

(2) Assets Under Custody (“AUC”)

We define AUC as the sum of the fair value of all equities, options, cryptocurrency, commodity interests, and cash held by users in their accounts, net of receivables from users, as of a stated date or period end on a trade date basis. Net Deposits and net market gains (losses) drive the change in AUC in any given period. Prior to November 2024, AUC did not include the fair value of commodity interests (which we began offering in late October 2024 with the launch of event contracts), although we have not restated amounts in October as the impact to those figures was immaterial.

(3) LTM Net Deposit Growth Rate

When used with respect to Net Deposits, "growth rate" provides information about Net Deposits relative to total AUC. "LTM Net Deposit Growth Rate" is calculated as aggregate Net Deposits over the last 12 months (“LTM”), divided by AUC for the fiscal quarter that immediately precedes the 12 month period.