SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong. The company operates through three segments: Lending, Technology Platform, and Financial Services. It offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money; and personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform that provides software licenses and associated services, including implementation and maintenance. In addition, it provides SoFi Money offers checking and savings accounts, and cash management products; SoFi Invest, a mobile-first investment platform that offers access to trading and advisory solutions, such as investing and robo-advisory; and SoFI Crypto, a new digital asset trading platform. Further, the company offers SoFi Credit Card that provides cash back rewards on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees' behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and offers loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.
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SoFi Begins Settling Trading in SoFiUSD Stablecoin
SoFi Technologies has begun settling its trading business in SoFiUSD and processing transactions for Big Business Banking clients on the SoFi Exchange Network. SoFiUSD is backed by cash at the Federal Reserve and is described as the first stablecoin issued by a nationally chartered bank on a public, permissionless blockchain. Roughly $300 million of SoFiUSD was in circulation at the end of the second quarter of 2026. Fee-based revenues reached $472 million, or 39% of adjusted net revenues, up 22% from the prior quarter, while Financial Services and Technology Platform revenues together accounted for about $551 million, or 46% of adjusted net revenues. Management expects Financial Services and Technology Platform revenues to exceed 50% of total revenues over time.
Alibaba shares rose 1.5% premarket after Reuters reported the company is set to sell its Lingxi Games business to private equity firm Trustar Capital for more than $2 billion. Memory chipmakers gained after U.S. Commerce Secretary Howard Lutnick told the Wall Street Journal the Trump administration opposes Apple buying Chinese memory chips, with Sandisk up nearly 5% and Western Digital and Micron Technology up more than 3%. Intel added about 1.5% after CEO Lip-Bu Tan purchased more than 105,000 shares at $95 each, according to an SEC filing. SoFi Technologies rose 2% after Piper Sandler initiated coverage with an overweight rating, and Okta gained 1% after Wells Fargo upgraded the stock to overweight from equal-weight.
SoFi Leads Personal Loan Stocks in Strong Q2 Earnings
SoFi Technologies reported second-quarter revenue of $1.21 billion, up 40.5% year over year and beating analyst expectations by 7.1%, making it the best performer among seven personal loan stocks tracked. The group as a whole exceeded consensus revenue estimates by 4.2%, with shares up 1.9% on average since reporting. Sezzle posted the biggest estimate beat with revenue of $149.7 million, up 51.7% year over year, but its stock fell 27.3% after results. OneMain Holdings, the weakest performer, reported revenue of $1.29 billion, up 6.9% year over year, while Happen Bank and FirstCash also beat or met expectations.
SoFi Technologies Rolls Out Three New Private Market Funds
SoFi Technologies has introduced three new private market funds for SoFi Invest members through partnerships with CAZ Investments and AngelList Asset Management. The funds provide access to private market opportunities including exposure to sectors such as AI, fintech, healthcare, and defense, with lower minimum investment requirements and liquidity features compared with many traditional private market products. The new offerings sit alongside SoFi Invest's existing brokerage and investing tools, extending access to assets usually harder for individual investors to reach. SoFi's push to deepen engagement with its 13.7 million members is supported by the expansion from a pure lending platform to a broader investment and wealth offering. Investors will watch the next earnings release after August 2026 to see whether private markets are becoming a meaningful slice of SoFi Invest activity.
SoFi Originated Record $10.7 Billion in Personal Loans Last Quarter
SoFi Technologies originated a record $10.7 billion in personal loans in the second quarter, up 69% year over year, as part of $14.8 billion in total loan originations. As of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book, with $27.6 billion, or 100%, of those personal loans categorized as held for sale. Chief Financial Officer Chris Lapointe said on the Q2 2026 earnings call that $7.6 billion of the $10.7 billion in personal loans was originated for the balance sheet, while the rest was sold via the loan platform segment to third-party investors. The net charge-off rate for personal loans was 3.7% in Q2, down from 4.5% a year earlier, and the company added 1.1 million net new customers to reach 15.8 million members. SoFi reported 43% year-over-year revenue growth and a 61% increase in net income compared to Q2 2025.
SoFi Posts Record Quarter but Stock Falls as Profit Guidance Stays Flat
SoFi Technologies reported the best quarter in its history, yet shares dropped roughly 9% on the results and are down nearly 42% this year. The company added a record 1.1 million new members in fiscal second quarter 2026, pushing its base to 15.8 million, up 35% year over year, while tangible book value jumped 80% to $9.5 billion and loan originations hit a record $14.8 billion. Management raised full-year adjusted net revenue guidance to $4.75 billion to $4.85 billion but left adjusted EBITDA guidance at $1.6 billion and adjusted earnings per share at $0.60, citing a shift in rate expectations and a decision to reinvest. Hedge fund ownership fell from 56 to 47 funds in the first quarter, short interest sits at 14.61% of the float, and the stock trades at 27 times forward earnings compared with Robinhood's 42 times.
Hedge Funds Favor Robinhood Over SoFi as Prediction Markets Drive Growth
Hedge funds are betting on Robinhood over SoFi Technologies, with 84 funds holding Robinhood in the first quarter of 2026 compared to 47 for SoFi, and short interest on Robinhood at just 4.88% of its float versus 14.7% for SoFi. Robinhood’s event contracts business surged to $156 million in revenue in its fiscal second quarter of 2026, up from roughly $10 million a year earlier, now accounting for 20% of transaction revenue and surpassing equities and crypto trading. Bernstein raised its price target on Robinhood from $130 to $160, projecting 64% annual growth in the event contracts segment, while the company reported adjusted earnings of $0.48 per share on $1.31 billion in revenue, beating analyst estimates. Crypto trading revenue fell 38% year over year, and total revenue growth slowed to 32%, raising questions about whether the prediction-market boom is sustainable beyond one-off events like the World Cup and midterm elections. Robinhood trades at 42 times forward earnings, a premium over SoFi’s 27 times, as institutional investors remain cautious on SoFi due to credit risks and loan-market headwinds despite record net interest income.
SoFi Reports Record Revenue and Profits, Stock Falls 13%
SoFi Technologies reported second-quarter results with record revenue and profits, yet its stock dropped 13%. Adjusted net revenue increased 40% year over year to $1.2 billion, adjusted EBITDA rose 44% to $358 million, and adjusted earnings per share rose 50% to $0.12. The company added 1.1 million new members, up 35%, and saw product growth of 42% with 2.2 million new products, while cross-buy accelerated to 51%. Management raised the full-year revenue outlook but kept the profit outlook steady, citing anticipated rate hikes and reinvestment into the business.
SoFi Q2 Revenue Tops Estimates on 40.5% Growth, Record Member Additions
SoFi Technologies reported second-quarter revenue of $1.21 billion, beating analyst estimates by 7.1% and rising 40.5% year on year, while adjusted earnings per share of $0.12 exceeded consensus by 9.9%. The company added a record 1.1 million new members and saw the percentage of new products purchased by existing members climb to 51% from 35% a year ago, driven by its SoFi Plus premium subscription and other digital offerings. Adjusted EBITDA reached $357.8 million, representing a 29.7% margin and a 7.3% beat, and the operating margin improved to 16.9% from 13.1% in the prior-year quarter. Management plans to reinvest incremental revenue into new growth opportunities such as SoFi Coach, expanded business banking, and small business lending, maintaining its current EBITDA guidance despite the strong results. Fee-based revenue streams grew 38% year over year, and the Technology Platform segment is scaling through acquisitions and new commercial offerings to target more enterprise clients.
SoFi Stock Drops After Disappointing Quarterly Results
SoFi Technologies reported quarterly financial results that disappointed the stock market and investors. The company's stock price declined following the announcement. The Motley Fool's Stock Advisor service did not include SoFi among its top 10 stock picks for investors. The service has historically outperformed the S&P 500 with an average return of 895% compared to 206% for the index.
SoFi Technologies Stock Plunges 37.1% Year to Date Despite Strong Q2 Earnings
SoFi Technologies reported impressive second-quarter 2026 results, yet its shares have plunged 37.1% so far in the year. The company delivered adjusted net revenues of $1.21 billion, a 40% year-over-year increase that surpassed the Zacks Consensus Estimate of $1.11 billion, while adjusted EPS came in at 12 cents, in line with expectations. Management raised its full-year 2026 adjusted net revenue guidance to approximately $4.75-$4.85 billion, implying 32% to 35% growth, and continues to expect adjusted EBITDA of approximately $1.6 billion. The Lending segment saw adjusted net revenues jump 59% to $711.7 million, and the Financial Services segment grew 29% to $466.3 million, but the Technology Platform segment remained a headwind with revenues declining 23% to $84.5 million. SoFi added a record 1.1 million members, reaching 15.8 million total, and loan originations hit a record $14.8 billion, up 69% year over year. Despite the strong operating momentum, the stock trades at a premium forward P/E of 23.17X versus the industry's 13.15X, leading Zacks Investment Research to maintain a Hold rating and suggest existing investors monitor Technology Platform growth and credit performance.
SoFi Could Reach $50 by 2031 Under Bull Case, Analyst Says
SoFi Technologies shares have dropped 41.75% year to date in 2026, yet the company posted record Q2 loan originations of $14.8 billion and GAAP net income of $156.59 million, up 61% year over year. A five-year bull case targets $49.31 by July 30, 2031, implying a 227.9% gain from the current $15.25 price, contingent on sustaining 30%-plus member growth, delivering on a guided 38% to 42% adjusted EPS compound annual growth rate through 2028, and stabilizing the Technology Platform segment which fell 23% year over year after a large client departure. Wall Street consensus is split with a $20.63 average target and only 33% of analysts rating the stock a buy, while the base case estimate stands at $20.14. Key risks include a potential credit cycle turn that could spike charge-offs and recent net insider selling across 80 transactions.
Fed Holds Rates Steady but Three Officials Dissent in Favor of a Hike
The Federal Reserve held its benchmark interest rate at 3.50% to 3.75% for a fifth consecutive meeting, but three officials dissented in favor of a quarter-point increase, signaling the next move could be a hike. The Federal Open Market Committee approved the decision by a 9-3 vote, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan preferring to raise rates to 3.75% to 4.00%. It was the first time since 2016 that three policymakers dissented in the same policy direction. The Fed noted that economic activity continues to expand at a solid pace, unemployment remains relatively stable, and inflation is still elevated, with annual inflation at 3.5%, well above the 2% objective. The dissents shift the policy debate away from rate cuts and toward how long the Fed can tolerate above-target inflation, especially with higher energy costs and resilient investment demand potentially keeping price pressures elevated.
SoFi posted record quarterly revenue and raised its full-year sales outlook. CEO Anthony Noto told Bloomberg Tech that the company is keeping its earnings guidance unchanged, citing AI-driven gains in engineering productivity and customer service. Noto said SoFi will continue investing for long-term growth even as interest-rate expectations shift.
Wall Street giants publicly back the Clarity Act as Senate recess looms
BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi are publicly backing the Clarity Act, a crypto market structure bill, with only about a week and a half left before the Senate recess begins on August 8th. The asset managers are supporting the legislation while banks led by Jamie Dimon and JPMorgan oppose it, creating a major divide on Wall Street. The firms backing the bill seek regulatory clarity on jurisdiction between the SEC and CFTC, investor protections, and rules for a competitive American market. Separately, Morgan Stanley launched Ethereum and Solana exchange-traded products with fees of .14%, or 14 bips, and plans to pass staking rewards back to investors. Core Scientific signed a 15-year agreement with AMD for approximately 530 megawatts across five states, representing more than 14 billion in potential contracted revenue, as the company shifts focus from Bitcoin mining to AI data centers.
X Money Launches in the US, Offering Up to 6% Annual Interest
Elon Musk's X platform has rolled out X Money to Premium and Premium+ paid subscribers across the United States, combining deposit accounts, peer-to-peer transfers, bill pay, wire transfers, and mailed checks into a single app. Deposits are held at Cross River Bank and are FDIC-insured up to 250,000 US dollars per depositor, with an annual percentage yield of up to 6%, well above the roughly 4 to 5% offered by typical high-yield savings accounts in the US market. Premium+ members receive the top rate directly, while Premium members must meet the company's direct deposit requirements. The launch is part of X's push to become an everything app modeled after WeChat, putting it in direct competition with Venmo, Cash App, and SoFi. Senator Elizabeth Warren had sent a letter questioning the sustainability of such high yields ahead of the rollout.
Bank of America, PNC, and SoFi Are Three Bank Stocks to Buy in July
Bank of America, PNC Financial Services, and SoFi Technologies are highlighted as three bank stocks to consider buying in July's high-interest-rate environment. Bank of America reported second-quarter revenue of $31.6 billion, up 15.3% from a year ago, with net income of $9.1 billion, a 26.4% increase, and every division recording double-digit net income growth. PNC Financial Services posted second-quarter revenue of $6.87 billion, up from $5.66 billion a year ago, and net income of $2.05 billion, up from $1.64 billion, while its dividend yield stands at 3.2%. SoFi Technologies, which has yet to report second-quarter results, saw first-quarter revenue of $1.1 billion, up 43% year-over-year, and net income of $155.7 million, up 134%, but its stock fell more than 30% this year after management did not raise guidance.
SoFi's 34% drop clashes with surging membership and cheap valuation
SoFi Technologies shares have fallen 34% year-to-date, erasing most of last year's 70% rally, even as the fintech added over 1 million new members to reach 14.7 million, a 35% year-over-year increase. First-quarter revenue surged 43% and net income more than doubled, while guidance calls for at least 30% revenue growth in the second quarter and 30% membership growth for full-year 2026. The stock now trades at a price-to-earnings ratio of 38 and a price/earnings-to-growth ratio of 0.82, below the 1.0 threshold often seen as undervalued, and at a discount to peer Robinhood Markets' P/E of 48. CEO Anthony Noto cited the entry into digital assets and strong growth in existing businesses as key drivers.
SoFi Technologies Expected to Post Higher Earnings Next Week
SoFi Technologies is expected to report a year-over-year increase in earnings when it releases results for the quarter ended June 2026 on July 29. The Zacks Consensus Estimate calls for earnings of $0.11 per share, up 37.5% from the prior year, on revenues of $1.11 billion, a 29.7% increase. The Most Accurate Estimate is above the consensus, yielding an Earnings ESP of +2.59%, which combined with a Zacks Rank of #3 indicates the company will most likely beat the consensus EPS estimate. Over the last four quarters, SoFi Technologies has surpassed consensus EPS estimates three times.
Three U.S.-listed stocks trading below $50—SoFi Technologies, Nu Holdings, and Pinterest—are highlighted for their double-digit revenue growth and constructive Wall Street consensus. SoFi Technologies posted record loan originations of $12.18 billion, up 68%, with Q1 2026 revenue of $1.10 billion and GAAP net income more than doubling to $166.7 million. Nu Holdings grew revenue 58% to $4.97 billion, serving 135 million customers across Latin America, and trades at a forward P/E of 19. Pinterest beat Q1 EPS estimates by 25% with revenue of $1.01 billion, 631 million global monthly active users, and a forward P/E of 13 against mid-teens revenue growth.
SoFi Technologies and Tidal Investments Launch SoFi Social 50 Income ETF
SoFi Technologies and Tidal Investments launched the SoFi Social 50 Income ETF in early July 2026, an actively managed fund that applies an options-based income strategy to the 50 most-held U.S. stocks in SoFi Invest self-directed accounts, with an expense ratio of 0.73%. The ETF packages covered calls and call spreads into a single vehicle, lowering capital and operational hurdles for investors seeking options-based income exposure. The launch strengthens SoFi's investing ecosystem but is unlikely to move near-term results as much as upcoming Q2 earnings, where financial services growth and credit performance remain key catalysts and risks. Alongside the ETF, SoFi's recent introduction of SoFiUSD, a bank-issued stablecoin integrated with Mastercard for settlement, underscores a push into AI and blockchain-powered services that could deepen engagement and add fee income. Some analysts project SoFi could reach approximately $8.7 billion in revenue and $1.9 billion in earnings by 2029 under aggressive adoption scenarios, though such forecasts reflect a much more bullish view than consensus.
SoFi Technologies customer base surges 183% to 14.7 million since 2022
SoFi Technologies has grown its membership 183% over three and a half years to 14.7 million as of March 31, underscoring that its customer growth story remains intact. The digital-only fintech, which trades 42% below its peak, was named the number one U.S. bank by Forbes in its World's Best Banks ranking, according to CEO Anthony Noto. SoFi's deposit base has ballooned almost 300% in the past three years to $40.2 billion, aided by a 3.1% annual percentage yield on savings and expanded FDIC insurance up to $3 million. Leadership projects adjusted net revenue will grow at an annualized rate of 30% from 2025 to 2028, driven by new customer additions and cross-selling opportunities.
SoFi Is a Prime Takeover Target for Mastercard, JPMorgan, and Bank of America
SoFi Technologies has emerged as an ideal fintech takeover target with 14.7 million members, a national bank charter, over $40 billion in member deposits, and the Galileo platform servicing about 133 million global accounts, all at a sub-$23 billion market cap. Mastercard is seen as the cleanest strategic buyer given its existing payments partnership with SoFi and ample capacity with $7.91 billion in cash and $11.7 billion in buyback authorization, though owning a chartered bank remains a hurdle. JPMorgan Chase and Bank of America both approach the 10% nationwide deposit cap, creating a regulatory wall that effectively blocks either from acquiring SoFi. PayPal has strategic logic but faces a weak financial case with a $41.8 billion market cap and only $13.5 billion in cash, while private equity is constrained by Bank Holding Company Act rules. CEO Anthony Noto's aggressive share purchases near $18 signal management is not selling, with roughly $5 billion in fiscal 2026 revenue guidance driving the real takeout math.
StockStory highlights three growth stocks with expanding competitive advantages
StockStory identified The Trade Desk, SoFi Technologies, and Guidewire Software as three growth stocks expanding their competitive advantages. The Trade Desk posted annual revenue growth of 20.2% over the past two years and a healthy operating margin of 20.3%. SoFi Technologies achieved 33.4% annual revenue growth over the last two years and annual earnings per share growth of 396%. Guidewire Software saw billings growth average 20.6% over the last year and reported a trailing 12-month operating margin of 8.2%.
2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term
Netflix and SoFi Technologies are identified as two growth stocks whose recent price declines present long-term buying opportunities. Netflix shares have fallen nearly 40% from last June's peak amid concerns over slowing revenue growth and competitive pressures, but the company's dominant streaming brand positions it to benefit as traditional cable and theatrical film businesses deteriorate. SoFi Technologies stock is down more than 40% since its November high after fintech partner Chime discontinued use of its platform, causing a 27% year-over-year drop in first-quarter platform revenue, yet total revenue still rose 41% to $1.1 billion and the company added 1.1 million customers to reach 14.7 million. Analysts expect comparable growth for the remainder of this year and next, and the global neobanking industry is projected to grow at an average annual rate of 36% through 2035, according to Precedence Research.
SoFi Launches Social 50 Income ETF to Boost Fee-Based Revenues
SoFi Technologies has launched the SoFi Social 50 Income ETF, ticker SFYI, expanding its ETF lineup to drive fee-based revenue growth. The fund invests in the top 50 U.S.-listed stocks held by SoFi Invest self-directed accounts and adds an actively managed options strategy for monthly income and growth potential. This launch builds on SoFi's existing ETFs, including the SoFi Social 50 ETF, SoFi Agentic AI ETF, SoFi Select 500 ETF, and SoFi Enhanced Yield ETF. In the first quarter of 2026, SoFi's brokerage fee revenues more than doubled year over year, while total fee-based revenues reached $386.8 million, up 23%. The company had 14.7 million members, up 35% year over year, and 3.7 million SoFi Invest accounts.
SoFi Stock Needs 61% Gain to Hit $30 by 2027, Analyst Says
SoFi Technologies shares are down 29% year to date at $18.61 despite record first-quarter loan originations of $12.18 billion, up 68% year over year, and operating income jumping 150%. CEO Anthony Noto guided for 38% to 42% compounded EPS growth through 2028, which could make the current 32 times forward earnings multiple look cheap by 2027. Reaching $30 per share requires EPS compounding near the guided range, the Technology Platform segment returning to growth, and the overhang from a March 2026 Muddy Waters report alleging accounting misstatements fading. Wall Street consensus target is $20.90, with only 33% of analysts bullish, while an internal model puts the base case at $20.53 and a bull scenario at $25.69.
SpaceX joins Nasdaq 100, raising questions about ETF impact
SpaceX has been added to the Nasdaq 100 index, prompting discussion about how its inclusion will affect Nasdaq 100 ETFs. Brian Walsh, head of advice and planning at SoFi, noted that while investors generally welcome exposure to SpaceX, its weighting in the index is lower than some might expect because it is based on shares available to trade rather than market capitalization. The move comes as new ETF products challenge Invesco's QQQ fund on cost, with Walsh saying competition should drive down expenses and improve transparency. SoFi also launched a new ETF, SFYI, which invests in the top 50 US-listed equities traded on its platform and generates monthly yield through actively managed option strategies.
Cathie Wood Doubles Down on Tesla and SoFi With Fresh Million-Dollar Buys
Cathie Wood's ARK Invest added to its Tesla and SoFi Technologies positions ahead of the U.S. Independence Day holiday. The firm purchased 96,935 Tesla shares valued at about $41.2 million across three ETFs, making it the largest buy of the session, following Tesla's stronger-than-expected second-quarter delivery results of 480,126 vehicles. ARK also bought 54,838 SoFi shares worth roughly $1 million through the ARK Innovation ETF, shortly after SoFi launched a small-business lending platform. Tesla remains the largest holding across ARK's portfolios, and the latest purchase signals Wood continues to increase exposure despite the stock remaining lower for the year.
SoFi's Bank Charter Drives Deposit Surge and Earnings Growth
SoFi Technologies' national bank charter, obtained in 2022, has transformed its funding model and fueled rapid growth. Since the charter, deposits have ballooned from $1.2 billion to $40.2 billion, now representing 94% of total liabilities. This low-cost, sticky funding source helped net interest income jump 781% from $252 million in 2021 to over $2.2 billion in 2025, with a Q1 2026 net interest margin of 5.94%. Management expects adjusted earnings per share to grow at a 40% compound annual rate over the next three years, a tailwind for long-term shareholders.
Elon Musk's X Money Reveals 6% APY and $10 Million FDIC Insurance
Elon Musk's X Money is launching with a feature set that positions it as a full financial hub rather than a simple payments app. The service offers a 6% annual percentage yield on cash deposits with no stated limit, up to $10 million in aggregate FDIC insurance through a multi-bank sweep program, and unlimited 3% cash back on a metal Visa card. Additional features include free domestic wires, bill payments, mailed checks, ATM fee reimbursements, early direct deposit, and instant peer-to-peer payments to any handle on X. The offering puts pressure on traditional banks like JPMorgan Chase and Bank of America, as well as fintech rivals such as SoFi, Robinhood, PayPal, Block, and Chime.
Cathie Wood's Ark Innovation ETF purchased 299,753 shares of SoFi Technologies valued at approximately $5.5 million across June 29, 30 and July 1, reversing a sale of 114,664 shares earlier in June. SoFi stock has gained 5.23% over the past five days but remains down roughly 30% year to date. The fintech company recently launched Composer by SoFi, an AI-powered investing platform, and reported first-quarter revenue growth of 41% year over year, though its Technology Platform segment saw a 27% revenue decline. Wood also added shares of Circle Internet Group, X-Energy, Snowflake, Bullish, Recursion Pharmaceuticals, Alamar Biosciences, and Generate Biomedicines, while trimming holdings in Alibaba, Roku, Veracyte, Twist Bioscience, Absci, and Strata Critical Medical.
SoFi posts record $12.2 billion in loan originations but Truist cuts price target to $17
SoFi Technologies originated a record $12.2 billion in combined personal, student, and home loans during the first quarter of 2026, a 68% year-over-year increase. Despite the record, Truist Financial analyst Matthew Coad lowered the firm's price target on SoFi from $20 to $17, citing expectations of weaker second-quarter revenue from the loan platform segment and a 27% revenue decline in the technology platform segment due to the loss of an important client. SoFi's adjusted net revenue rose 41% year over year, and its membership base expanded 35% to 14.7 million. The company also added $3.6 billion in new commitments from capital markets partners to fund personal loans, with loan platform business originations up 90% compared to the first quarter of 2025. Shares of SoFi currently trade 44% below their peak, at a forward price-to-earnings ratio of 29.6.
Trump Accounts to launch without rollover option, report says
The Trump administration is expected to launch Trump Accounts next week without allowing firms to host the children's savings accounts on their own platforms, Semafor reported, citing people familiar with the discussions. Companies including Chime, Empower, Fidelity, and SoFi had hoped to receive approval to roll over the accounts from the Treasury Department's app, developed in partnership with Bank of New York Mellon and Robinhood, in time for the program's launch. Those firms are now expecting guidance by August at the latest, one of the people told Semafor. Trump Accounts provide eligible American children with tax-advantaged investment accounts, with eligible children born from 2025 through 2028 qualifying for an initial $1,000 contribution from the U.S. Treasury, and family, friends, and employers able to collectively contribute up to $5,000 per year. According to experts cited by Semafor, more than half of the children eligible for the program's $1,000 seed deposit have yet to enroll.
SoFi Technologies Stock Looks Fully Priced on Fair Value and Earnings
SoFi Technologies stock appears overvalued based on both an Excess Returns model and earnings multiples, according to an analysis by Simply Wall St. The Excess Returns model estimates an intrinsic value of about $13.79 per share, implying the stock is trading roughly 30% above that level. On a price-to-earnings basis, SoFi trades at about 39.9 times earnings, far above the consumer finance industry average of roughly 8.8 times and a peer group average of around 13.1 times. Simply Wall St's fair P/E estimate for SoFi is 23.6 times, suggesting the current multiple prices in significant optimism. The analysis notes that while recent product launches and strong growth support investor enthusiasm, the valuation metrics indicate the stock is expensive rather than undervalued.
StockStory highlights SoFi and Nasdaq as profitable stocks with exciting potential, brushes off RE/MAX
StockStory identifies SoFi Technologies and Nasdaq as two profitable stocks with exciting potential, while advising caution on RE/MAX. SoFi, with a trailing 12-month GAAP operating margin of 16.5%, posted annual revenue growth of 33.4% over the past two years and annual earnings per share growth of 396% over the same period. Nasdaq, operating at a 45% margin, achieved 15% annual revenue growth and 14.8% annual earnings per share growth over two years, with a return on equity of 15.6%. In contrast, RE/MAX, with an 11.8% margin, saw earnings per share decline 9% annually over five years despite revenue growth, and its free cash flow margin of 11.7% over two years limits investment capacity.
SoFi Stock Consolidates After 45% Drop, but Long-Term Case Remains Strong
SoFi stock has been consolidating after falling more than 45% from its 52-week high, as investors weigh a slowdown in its technology platform business against strong overall execution. Adjusted net revenue rose 41% year-over-year in the first quarter, accelerating from 37% growth in the prior quarter, with lending generating nearly $690 million in net interest income and fee-based revenue climbing 23% to approximately $390 million. The company added 1.1 million new members, bringing total membership to 14.7 million, while product adoption grew even faster, with 1.8 million new products added to reach 22.2 million. SoFi also secured $3.6 billion in new commitments from three institutional partners for its Loan Platform Business, and deposits increased by $2.7 billion to $40.2 billion, lowering funding costs. Analysts rate the stock a consensus Hold, but the company's diversification and execution suggest the consolidation could be an attractive entry point for long-term investors.
American Express vs. SoFi Technologies: Which Financial Stock Is a Better Buy in 2026?
The Motley Fool compares American Express and SoFi Technologies as investment options for 2026, ultimately favoring American Express for its proven stability. American Express reported fiscal 2025 revenue of $72.2 billion, a 10% increase, with net income of approximately $10.8 billion and a net margin of roughly 15%. SoFi Technologies achieved revenue of $3.6 billion, a 38% jump, and net income of approximately $481.3 million, marking a net margin of roughly 13.4% after previous annual losses. While SoFi carries higher forward valuation multiples—a forward P/E of 29.9x versus American Express's 19.2x and a price-to-sales ratio of 4.8x compared to 2.9x—the analysis highlights American Express's strong premium card spending growth, high customer retention, and pricing power as reasons to prefer the established compounder over the still-maturing fintech.
SoFi Technologies Meets Profitability Requirement for S&P 500 Inclusion
SoFi Technologies has met the profitability requirement for potential inclusion in the S&P 500 index, with positive net income for ten consecutive quarters and $0.44 per share over the trailing twelve months. The digital bank's market capitalization currently stands at $22.2 billion, slightly below the $22.7 billion threshold, though it has previously reached as high as $38 billion. S&P Dow Jones Indices typically makes quarterly changes to the index, with the next opportunity for new entries in September. Inclusion would require index-tracking funds, including the $1.7 trillion Vanguard S&P 500 ETF, to purchase the stock, potentially providing a short-term boost and signaling long-term confidence.
Dave Outshines SoFi as Zacks Urges Buying DAVE, Holding SOFI
Zacks Investment Research recommends adding Dave to portfolios while holding SoFi Technologies, citing Dave's explosive first-quarter 2026 performance and cheaper valuation. Dave registered 47% year-over-year growth in its top line, coupled with a lofty 101% jump in its net income, and this highly profitable business model helped the bottom line surge 64% year over year. SoFi also posted strong top and bottom-line growth, but faces headwinds from rising interest rates and high sensitivity to funding costs. Dave trades at a forward P/E of 18.6 times, significantly lower than SoFi's 25.8 times, and carries a Zacks Rank #1 (Strong Buy) versus SoFi's #3 (Hold).