Overview
- SoFi said it lined up new institutional money, including a deal with a global bank for more than $1 billion, a $600 million agreement with a financial group, and terms with a top-five asset manager for up to $2 billion.
- SoFi frames the partnerships as fuel for personal loans without heavy use of its own balance sheet, noting its Loan Platform secured more than $10 billion of commitments in 2025.
- Muddy Waters, led by Carson Block, accused SoFi of overstating 2025 adjusted EBITDA by about 90% and questioned loan charge-off figures and off-balance-sheet structures.
- Management rejected the short-seller claims as a misunderstanding of the business and said it may explore legal action.
- Investors are weighing the new funding against weakening credit metrics and a falling share price, with 2025 revenue reported at $3.6 billion, fee income rising, charge-offs increasing, and an earnings update expected in late April.