Robinhood boosts buyback to $1.5B amid stock slide
Robinhood has approved a new $1.5 billion share repurchase programme as its stock continues to trade well below recent highs.
The buyback adds more than $1.1 billion to existing capacity and is expected to be executed over roughly three years starting in the first quarter of 2026.
The company is not obligated to purchase a fixed amount, but the programme is intended to reduce shares outstanding and support earnings per share.
Alongside the buyback, Robinhood Securities expanded its revolving credit facility to $3.25 billion, with the option to increase it to $4.875 billion, led by JPMorgan.
The move comes after Robinhood shares fell more than 50% since Bitcoin peaked in early October, reversing gains driven by strong crypto trading activity.
Shares rose about 1.4% in after-hours trading following the announcement, suggesting a modest positive reaction from investors.
The combined actions signal a focus on capital management and liquidity as the company navigates a weaker share price environment.
At the time of reporting, Bitcoin price was $70,789.72.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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