Robinhood has unveiled a new $1.5 billion share repurchase program, expanding its buyback capacity as the stock continues to trade significantly below its recent peak.

According to a filing with the U.S. Securities and Exchange Commission, the authorization adds more than $1.1 billion to existing repurchase capacity. The company plans to execute the program over roughly three years starting in the first quarter of 2026, with no obligation to repurchase a specific amount.

Robinhood also moved to reinforce its financial flexibility. Its brokerage subsidiary, Robinhood Securities, amended a credit facility with lenders led by JPMorgan, increasing the revolving line to $3.25 billion from $2.65 billion. The agreement includes an option to expand total commitments to as much as $4.875 billion.

Once a standout performer in 2025 amid a boom in crypto trading, the company’s shares have declined more than 50% since Bitcoin reached its peak in early October. The stock was modestly higher, gaining 1.4% in after-hours trading.