Overview
- SoFi stock, following Wednesday’s results, closed down 15.4% at $15.53 on volume nearly three times its average.
- SoFi beat in Q1 with about $1.08–$1.1 billion in revenue and adjusted EPS of $0.12, plus record $12.2 billion in loan originations and 14.7 million members.
- Management kept 2026 targets at $4.655 billion in adjusted revenue, $1.6 billion in adjusted EBITDA, and about $0.60 in adjusted EPS, and guided Q2 to roughly $1.115 billion in revenue and $0.10–$0.11 in EPS.
- The Technology Platform that includes Galileo fell 27% year over year to $75.1 million after the loss of Chime, which stoked concern about fee revenue and business mix.
- Analyst reaction split, with Needham cutting its target to $25 but keeping a Buy, while Jim Cramer said the sell-off looked excessive.