"SoFi reported Q1 2026 on April 29, 2026, posting revenue of $1.10 billion, beating consensus by 5%, with EPS of $0.12 in line with estimates. GAAP net income jumped 134.45% and loan originations hit a record $12.18 billion, up 68% YoY."
"Management guided FY2026 adjusted revenue of $4.66 billion (30% growth), adjusted EBITDA of $1.6 billion, and adjusted EPS of $0.60. Deposits reached $40.24 billion, funding over 90% of liabilities at lower cost."
"CEO Anthony Noto noted, 'We had an excellent Q1 delivering another quarter of durable growth and strong returns, fueled by our relentless focus on innovation and brand building.'"
SoFi Technologies is experiencing a 35% annual growth in members, yet faced a 15.44% drop in shares after reporting Q1 2026 earnings. Revenue of $1.10 billion exceeded expectations, while net income surged 134.45%. Despite this, a decline in Technology Platform revenue and compressed net interest margins raised concerns. The company projects adjusted revenue growth of 30% for FY2026. Insider purchases by executives indicate confidence in the company's future, with a bull-case scenario suggesting a price target of $25.29 within 12 months.
Read at 24/7 Wall St.
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