Overview
- SoFi posted its first $1 billion revenue quarter, with adjusted net revenue of about $1.01 billion in Q4, up 37% year over year.
- The company added roughly 1 million members to reach 13.7 million and 1.6 million new products, with about 40% of new products opened by existing customers as the cross‑buy rate rose seven points over the past year.
- Operational metrics remained strong, including 53% year‑over‑year fee‑based revenue growth, $10.5 billion in originations, and $38 billion in deposits.
- Shares have fallen for eight straight sessions, down about 17% and erasing roughly $5.4 billion in market value, with commentators citing profit‑taking, elevated valuation and dilution concerns after recent capital raises.
- Some analysts argue the selloff looks overdone and flag $20 as a key technical support level for potential dip buyers.