Robinhood’s ( HOOD ) board has approved a new $1.5 billion stock buyback program, according to an 8-K filing with the US Securities and Exchange Commission.
It adds more than $1.1 billion to existing buyback capacity.
The company said it expects to complete the plan over about three years from the first quarter of 2026, although it is not committed to buying a fixed amount.
Alongside the buyback, Robinhood also strengthened its access to funding. Its subsidiary, Robinhood Securities, entered into an updated credit agreement with lenders led by JPMorgan. The agreement extends a revolving credit facility to $3.25 billion, up from $2.65 billion, with an option to increase total commitments to $4.875 billion.
One of last year’s hottest stocks, thanks in large part to the boom in crypto-related trading, HOOD has lost more than 50% of its value since bitcoin peaked in early October. Shares rose 1.4% in after-hours trading.
