Overview
- SoFi reported robust first-quarter operating results with $1.10 billion in revenue, net income of $166.7 million, 14.7 million members, and a record $12.18 billion in loan originations.
- Management issued 2026 guidance calling for $4.655 billion in adjusted net revenue and $0.60 in adjusted EPS and reiterated a medium‑term adjusted EPS CAGR target of 38 to 42 percent through 2028.
- SoFi launched SoFiUSD, a bank‑issued U.S. dollar stablecoin built on Ethereum and Solana that the company says is available inside its banking app, and it does not carry FDIC or SIPC insurance at this time.
- The stock jumped about 13 percent in May after the stablecoin news but trades well below last year’s highs at roughly $18.22, and independent analysts place modest upside targets rather than forecasting a near‑term doubling.
- Operational performance is uneven: lending revenue climbed strongly, driven by a 137 percent jump in home loans, while the tech platform fell after losing a large client, creating execution and concentration risks for investors.