SoFi Heads Into Key Q1 Report With High Expectations and Higher Scrutiny

Overview

• Investors will parse SoFi’s first‑quarter report Wednesday, with management’s guide pointing to about $1.04 billion in adjusted revenue as watchers focus on loan growth, credit losses, and margins.
• The company closed 2025 with adjusted net revenue of $3.6 billion and $481 million in profit, while fee-based income topped half of total revenue and membership reached about 13.7 million.
• Shares trade at more than 30 times expected earnings, far above peers near 8 times, while 16 analysts rate the stock Hold with an average price target of $23.27.
• Muddy Waters’ March report accused SoFi of leaving $312 million of debt off its books, a claim the company disputed, and CEO Anthony Noto bought 28,900 shares soon after.
• For 2026, management targets about $4.65 billion in adjusted revenue and roughly $0.60 in adjusted EPS, a plan that assumes two Federal Reserve rate cuts and about 2.5% U.S. economic growth.