Robinhood’s (HOOD) board has authorised a brand new $1.5 billion share repurchase program, in accordance to an 8-K filing with the U.S. Securities and Exchange Commission.
It provides greater than $1.1 billion to current buyback capability.
The firm mentioned it expects to perform the plan over about three years beginning within the first quarter of 2026, although it’s not required to purchase a hard and fast quantity.
Alongside the buyback, Robinhood additionally strengthened its entry to funding. Its subsidiary, Robinhood Securities, entered into an up to date credit score settlement with lenders led by JPMorgan. The deal expands a revolving credit score facility to $3.25 billion, up from $2.65 billion, with the choice to enhance complete commitments to $4.875 billion.
One of final 12 months’s hottest shares, largely thanks to the growth in crypto-related buying and selling, HOOD has misplaced greater than 50% of its worth since bitcoin topped in early October. Shares are up 1.4% in after hours buying and selling.
