SoFi Technologies shares have fallen more than 30% year-to-date as of June 24, with investors disappointed that the company did not raise forward guidance in its first-quarter 2026 earnings report. SoFi maintained its adjusted full-year revenue guidance of $4.6 billion and adjusted net income guidance of $825 million, which would represent increases of 30% and 72% respectively from 2025. The company added a record 1.1 million new members in the first quarter, reaching 14.7 million members, and is focusing on cross-selling products within its financial services productivity loop. However, revenue in its Technology Platform division, now rebranded as SoFi Technology Solutions, fell 27% due to the loss of a major client, and investors will be watching the upcoming second-quarter report for signs of a turnaround.
SoFi Technologies Inc.Maintained guidance disappointed investors, causing 30% YTD drop; Technology Platform revenue fell 27% due to client loss.