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.
SoFi Technologies Inc.Record quarter but flat profit guidance and reinvestment plans disappoint, sending shares down.
Robinhood Markets Inc