"SoFi's Q1 was a strong quarter, with adjusted net revenue hitting $1.1 billion, up 41% year over year, and record loan originations of $12.2 billion. Personal loan growth came in at 51% and student loan growth at 119%, while deposits reached $40.24 billion, funding more than 90% of liabilities."
"Despite the strong earnings report, SoFi shares fell 9% in premarket trading, continuing a brutal stretch in 2026, with the stock down roughly 30% year to date. This pattern of selling after earnings beats has become a familiar trend for investors."
"The main issue lies within the Technology Platform segment, where Galileo revenue fell 27% to $75.1 million, impacted by the exit of Chime, which transitioned off SoFi's platform before the end of last year. This high-margin business is crucial to the long-term bull thesis."
SoFi Technologies reported strong Q1 2026 results, with adjusted net revenue of $1.1 billion, a 41% year-over-year increase, and record loan originations of $12.2 billion. Personal and student loan growth were significant, at 51% and 119% respectively. However, shares dropped 9% in premarket trading, continuing a year-to-date decline of approximately 30%. The Technology Platform segment faced challenges, with Galileo revenue down 27% due to the exit of Chime. SoFi's management maintained ambitious growth targets for the future despite the stock's poor performance following earnings beats.
Read at 24/7 Wall St.
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