diff --git a/pkg/commands/git_commands/commit_loader.go b/pkg/commands/git_commands/commit_loader.go
index 8b79bd8cd..381dd641e 100644
--- a/pkg/commands/git_commands/commit_loader.go
+++ b/pkg/commands/git_commands/commit_loader.go
@@ -174,7 +174,7 @@ func (self *CommitLoader) MergeRebasingCommits(hashPool *utils.StringPool, commi
 	}
 
 	if workingTreeState.Rebasing {
-		rebasingCommits, err := self.getHydratedRebasingCommits(hashPool, addConflictedRebasingCommit)
+		rebasingCommits, err := self.getHydratedRebasingCommits(hashPool, commits, addConflictedRebasingCommit)
 		if err != nil {
 			return nil, err
 		}
@@ -251,8 +251,8 @@ func (self *CommitLoader) extractCommitFromLine(hashPool *utils.StringPool, line
 	})
 }
 
-func (self *CommitLoader) getHydratedRebasingCommits(hashPool *utils.StringPool, addConflictingCommit bool) ([]*models.Commit, error) {
-	return self.getHydratedTodoCommits(hashPool, self.getRebasingCommits(hashPool, addConflictingCommit), false)
+func (self *CommitLoader) getHydratedRebasingCommits(hashPool *utils.StringPool, existingCommits []*models.Commit, addConflictingCommit bool) ([]*models.Commit, error) {
+	return self.getHydratedTodoCommits(hashPool, self.getRebasingCommits(hashPool, addConflictingCommit), existingCommits, false)
 }
 
 func (self *CommitLoader) getHydratedSequencerCommits(hashPool *utils.StringPool, workingTreeState models.WorkingTreeState) ([]*models.Commit, error) {
@@ -271,39 +271,56 @@ func (self *CommitLoader) getHydratedSequencerCommits(hashPool *utils.StringPool
 		}
 	}
 
-	return self.getHydratedTodoCommits(hashPool, commits, true)
+	return self.getHydratedTodoCommits(hashPool, commits, nil, true)
 }
 
-func (self *CommitLoader) getHydratedTodoCommits(hashPool *utils.StringPool, todoCommits []*models.Commit, todoFileHasShortHashes bool) ([]*models.Commit, error) {
+func (self *CommitLoader) getHydratedTodoCommits(
+	hashPool *utils.StringPool,
+	todoCommits []*models.Commit,
+	existingCommits []*models.Commit,
+	todoFileHasShortHashes bool,
+) ([]*models.Commit, error) {
 	if len(todoCommits) == 0 {
 		return nil, nil
 	}
 
-	commitHashes := lo.FilterMap(todoCommits, func(commit *models.Commit, _ int) (string, bool) {
-		return commit.Hash(), commit.Hash() != ""
-	})
-
-	// note that we're not filtering these as we do non-rebasing commits just because
-	// I suspect that will cause some damage
-	cmdObj := self.cmd.New(
-		NewGitCmd("show").
-			Config("log.showSignature=false").
-			Arg("--no-patch", "--oneline", "--abbrev=20", prettyFormat).
-			Arg(commitHashes...).
-			ToArgv(),
-	).DontLog()
-
+	// A refresh of only the rebasing todos should reuse the already loaded todos to avoid
+	// unnecessary git show calls.
 	fullCommits := map[string]*models.Commit{}
-	err := cmdObj.RunAndProcessLines(func(line string) (bool, error) {
-		if line == "" || line[0] != '+' {
-			return false, nil
+	for _, commit := range existingCommits {
+		if commit.IsTODO() && commit.Hash() != "" {
+			// Make a copy of the commit; that's necessary to avoid mutating the original commit
+			// when we later reuse it in the loop at the end of this function.
+			fullCommits[commit.Hash()] = lo.ToPtr(*commit)
 		}
-		commit := self.extractCommitFromLine(hashPool, line[1:], false)
-		fullCommits[commit.Hash()] = commit
-		return false, nil
+	}
+
+	commitHashesToFetch := lo.FilterMap(todoCommits, func(commit *models.Commit, _ int) (string, bool) {
+		return commit.Hash(), commit.Hash() != "" && fullCommits[commit.Hash()] == nil
 	})
-	if err != nil {
-		return nil, err
+
+	if len(commitHashesToFetch) > 0 {
+		// note that we're not filtering these as we do non-rebasing commits just because
+		// I suspect that will cause some damage
+		cmdObj := self.cmd.New(
+			NewGitCmd("show").
+				Config("log.showSignature=false").
+				Arg("--no-patch", "--oneline", "--abbrev=20", prettyFormat).
+				Arg(commitHashesToFetch...).
+				ToArgv(),
+		).DontLog()
+
+		err := cmdObj.RunAndProcessLines(func(line string) (bool, error) {
+			if line == "" || line[0] != '+' {
+				return false, nil
+			}
+			commit := self.extractCommitFromLine(hashPool, line[1:], false)
+			fullCommits[commit.Hash()] = commit
+			return false, nil
+		})
+		if err != nil {
+			return nil, err
+		}
 	}
 
 	findFullCommit := lo.Ternary(todoFileHasShortHashes,
diff --git a/pkg/commands/git_commands/commit_loader_test.go b/pkg/commands/git_commands/commit_loader_test.go
index 7f9873b0b..d26119720 100644
--- a/pkg/commands/git_commands/commit_loader_test.go
+++ b/pkg/commands/git_commands/commit_loader_test.go
@@ -538,6 +538,110 @@ func TestCommitLoader_getConflictedCommitImpl(t *testing.T) {
 	}
 }
 
+func TestCommitLoaderGetHydratedTodoCommitsReusesExistingCommit(t *testing.T) {
+	hashPool := &utils.StringPool{}
+	runner := oscommands.NewFakeRunner(t)
+	loader := &CommitLoader{
+		cmd: oscommands.NewDummyCmdObjBuilder(runner),
+	}
+	existingCommit := models.NewCommit(hashPool, models.NewCommitOpts{
+		Hash:          "0123456789012345678901234567890123456789",
+		Name:          "hydrated subject",
+		AuthorName:    "Jane Doe",
+		AuthorEmail:   "jane@example.com",
+		UnixTimestamp: 1234,
+		Parents:       []string{"1123456789012345678901234567890123456789"},
+		Status:        models.StatusRebasing,
+		Action:        todo.Pick,
+	})
+	refreshedTodo := models.NewCommit(hashPool, models.NewCommitOpts{
+		Hash:       existingCommit.Hash(),
+		Name:       "subject from the todo file",
+		Status:     models.StatusConflicted,
+		Action:     todo.Fixup,
+		ActionFlag: "-C",
+	})
+
+	commits, err := loader.getHydratedTodoCommits(
+		hashPool,
+		[]*models.Commit{refreshedTodo},
+		[]*models.Commit{existingCommit},
+		false,
+	)
+
+	assert.NoError(t, err)
+	assert.Equal(t, []*models.Commit{
+		models.NewCommit(hashPool, models.NewCommitOpts{
+			Hash:          existingCommit.Hash(),
+			Name:          "hydrated subject",
+			AuthorName:    "Jane Doe",
+			AuthorEmail:   "jane@example.com",
+			UnixTimestamp: 1234,
+			Parents:       []string{"1123456789012345678901234567890123456789"},
+			Status:        models.StatusConflicted,
+			Action:        todo.Fixup,
+			ActionFlag:    "-C",
+		}),
+	}, commits)
+	assert.Equal(t, todo.Pick, existingCommit.Action)
+	assert.Equal(t, models.StatusRebasing, existingCommit.Status)
+	runner.CheckForMissingCalls()
+}
+
+func TestCommitLoaderGetHydratedTodoCommitsLoadsMissingCommit(t *testing.T) {
+	hashPool := &utils.StringPool{}
+	existingHash := "0123456789012345678901234567890123456789"
+	missingHash := "2123456789012345678901234567890123456789"
+	missingCommitOutput := strings.ReplaceAll(
+		`+2123456789012345678901234567890123456789|1235|John Doe|john@example.com||>|tag: new|new subject`,
+		"|",
+		"\x00",
+	)
+	runner := oscommands.NewFakeRunner(t).ExpectGitArgs(
+		[]string{
+			"-c", "log.showSignature=false", "show", "--no-patch", "--oneline", "--abbrev=20",
+			prettyFormat, missingHash,
+		},
+		missingCommitOutput,
+		nil,
+	)
+	loader := &CommitLoader{
+		cmd: oscommands.NewDummyCmdObjBuilder(runner),
+	}
+	existingCommit := models.NewCommit(hashPool, models.NewCommitOpts{
+		Hash:   existingHash,
+		Name:   "existing subject",
+		Status: models.StatusRebasing,
+		Action: todo.Pick,
+	})
+	refreshedTodos := []*models.Commit{
+		models.NewCommit(hashPool, models.NewCommitOpts{
+			Hash:   existingHash,
+			Status: models.StatusRebasing,
+			Action: todo.Pick,
+		}),
+		models.NewCommit(hashPool, models.NewCommitOpts{
+			Hash:   missingHash,
+			Status: models.StatusRebasing,
+			Action: todo.Edit,
+		}),
+	}
+
+	commits, err := loader.getHydratedTodoCommits(
+		hashPool,
+		refreshedTodos,
+		[]*models.Commit{existingCommit},
+		false,
+	)
+
+	assert.NoError(t, err)
+	assert.Len(t, commits, 2)
+	assert.Equal(t, "existing subject", commits[0].Name)
+	assert.Equal(t, "new subject", commits[1].Name)
+	assert.Equal(t, todo.Edit, commits[1].Action)
+	runner.CheckForMissingCalls()
+}
+
 func TestCommitLoader_setCommitStatuses(t *testing.T) {
 	type scenario struct {
 		testName           string