SoFi Technologies shares fall 12% after unchanged 2026 forecast overshadows record results
Updated
Updated · Reuters · Apr 29
SoFi Technologies shares fall 12% after unchanged 2026 forecast overshadows record results
15 articles · Updated · Reuters · Apr 29
Shares dropped 12% in early trading as SoFi kept its 2026 revenue forecast at $4.66 billion, despite first-quarter profit doubling to 12 cents per share and adjusted revenue rising 41% to $1.1 billion.
Record loan originations reached $12.2 billion and member growth rose 35% to 14.7 million, but investors were disappointed by the lack of upward guidance amid strong performance.
SoFi's digital-first banking platform continues to gain market share, with robust consumer demand and resilient credit performance, yet persistent macro uncertainty and high interest rates weigh on future outlook.
As loan defaults rise, is SoFi’s high-growth model facing its first major test?
Is SoFi a revolutionary tech platform or just another overvalued digital bank?
Is SoFi's new B2B platform a game-changer or a distraction from rising loan defaults?
The CEO bought stock amid fraud claims. Is this a sign of confidence or a PR stunt?
Will today's report finally clear the air on the serious accounting allegations?