SoFi Technologies (NASDAQ:SOFI) Posts Earnings Results, Meets Expectations

SoFi Technologies (NASDAQ:SOFI) issued its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12, FiscalAI reports. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business’s revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. SoFi Technologies updated its FY 2026 guidance to 0.600- EPS.

Here are the key takeaways from SoFi Technologies’ conference call:

• SoFi reported strong Q1 results with 41% adjusted net revenue growth to $1.1B, adjusted EBITDA of $340M (31% margin), over $1B of cash revenue (including $690M net interest income), and tangible book value per share up 57% YoY to $7.21.
• Record loan originations totaled $12.2B (personal $8.3B, student $2.6B, home $1.2B) while the Loan Platform Business contributed $3B and added ~$3.6B of new partner commitments, giving the company flexible balance-sheet and fee?income levers.
• Continued product and crypto innovation—launching SoFiUSD (first national bank stablecoin), a Mastercard settlement partnership, a new big business banking offering that integrates fiat and crypto, and a modern core rollout for SoFi Bank—positions the firm to expand payments and B2B tech revenue.
• The technology platform was impacted by the exit of a large client (Q1 tech revenue $75M, contribution margin 16%), which drove a near-term drag on that segment and reduced run-rate revenue versus prior expectations.
• Credit metrics and capitalization remain healthy—net charge-off and delinquency trends are stable or improving, net interest margin was 5.94%, and regulatory total capital ratio was ~21%—supporting management’s guidance of ~30% revenue growth and ~30% adjusted EBITDA margin for Q2.

SoFi Technologies Trading Down 15.4%

Shares of NASDAQ SOFI traded down $2.83 during trading on Wednesday, hitting $15.53. 171,217,817 shares of the company were exchanged, compared to its average volume of 63,222,617. SoFi Technologies has a 12-month low of $12.05 and a 12-month high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The company has a fifty day moving average price of $17.73 and a 200-day moving average price of $23.49. The firm has a market capitalization of $19.81 billion, a PE ratio of 40.95 and a beta of 2.24.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,755 shares of SoFi Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares in the company, valued at $5,542,590.75. The trade was a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Robert S. Lavet acquired 5,000 shares of SoFi Technologies stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the acquisition, the general counsel owned 17,172 shares in the company, valued at $361,298.88. This trade represents a 41.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 38,900 shares of company stock worth $705,398 and have sold 218,422 shares worth $4,105,468. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. raised its holdings in SoFi Technologies by 5.0% in the 4th quarter. Great Valley Advisor Group Inc. now owns 14,971 shares of the company’s stock valued at $392,000 after buying an additional 718 shares during the period. Vident Advisory LLC raised its holdings in SoFi Technologies by 3.4% in the 3rd quarter. Vident Advisory LLC now owns 22,594 shares of the company’s stock valued at $597,000 after buying an additional 751 shares during the period. Smartleaf Asset Management LLC grew its position in SoFi Technologies by 27.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,602 shares of the company’s stock valued at $96,000 after acquiring an additional 783 shares in the last quarter. Advisory Services Network LLC grew its position in SoFi Technologies by 2.4% in the 3rd quarter. Advisory Services Network LLC now owns 34,648 shares of the company’s stock valued at $915,000 after acquiring an additional 798 shares in the last quarter. Finally, State of Wyoming grew its position in SoFi Technologies by 6.3% in the 2nd quarter. State of Wyoming now owns 14,139 shares of the company’s stock valued at $257,000 after acquiring an additional 836 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Q1 revenue and growth — SoFi posted about $1.09–$1.1B in Q1 revenue (up ~43% YoY) and doubled net income year?over?year; the topline beat consensus and demonstrates ongoing scale in lending and payments. Read More.
• Positive Sentiment: Member growth & cross?sell — SoFi added ~1.1M members in Q1 and is showing measurable cross?sell gains, supporting its platform/eco?system thesis and recurring revenue potential. Read More.
• Positive Sentiment: Bullish setup commentary — Some analysts and outlets view the post?pullback share price and growth cadence as a “strong recovery” setup for investors who believe the platform can reaccelerate profits and cross?sell. Read More.
• Neutral Sentiment: Earnings in line — Non?GAAP EPS of $0.12 matched consensus, so the beat narrative is largely revenue?driven rather than an EPS surprise. That reduces upside from an expectations standpoint. Read More.
• Negative Sentiment: Cautious/softer forward guidance — Management left FY revenue broadly unchanged and issued Q2 revenue guidance slightly below Street growth expectations (~30% vs. ~31% consensus), which traders punished as “sell?on?beat” since it implies slower near?term growth. Read More.
• Negative Sentiment: Shares reacting (sell?on?beat pattern) — Multiple outlets note the stock fell sharply after the print despite the beat, repeating a recent pattern where strong results are offset by conservative outlooks or execution concerns. Read More.
• Negative Sentiment: New securities?fraud investigation — Block & Leviton has launched a probe into potential securities law violations involving SoFi, creating legal/settlement risk and additional headline volatility for the stock. Read More.
• Negative Sentiment: Reputational/short?seller overhang — Recent short?seller allegations and commentary that SoFi must “win back Wall Street” amplify skepticism; even strong underlying metrics can be discounted until confidence is restored. Read More.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Argus assumed coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 3rd. Wells Fargo & Company decreased their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Truist Financial decreased their price objective on SoFi Technologies from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Finally, The Goldman Sachs Group decreased their price objective on SoFi Technologies from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.79.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.