Robinhood CFO: $664M Spent on 7.5M Share Buybacks This Year

Robinhood CFO confirms $664M in YTD share repurchases totaling 7.5M shares, alongside $2.2B zero-coupon June financing with no dilution below $300.

Woofun AI reports that Robinhood CFO Shiv Verma disclosed during the earnings call that the company utilized $664 million year-to-date to repurchase 7.5 million shares of stock. Verma also noted that Robinhood secured $2.2 billion in funding in June, structured with a 0% coupon rate and carrying no net dilution unless the share price surpasses $300.