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SoFi Falls 12% After Forecast Hold, Fees Miss

4/29/2026

Summary

Story summary

SoFi Technologies stock dropped about 12% on April 29 after the company kept its 2026 revenue forecast unchanged.
The company posted Q1 revenue of $1.1 billion, EPS $0.12, a 35% rise in members to 14.7 million, and record loan originations of $12.2 billion.
After loan-platform fees fell to $141 million versus $189 million expected, management guided roughly 30% Q2 growth, slower than Q1’s 41% rise, prompting the market to view the outlook as moderated.

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Story summary

SoFi Technologies stock dropped about 12% on April 29 after the company kept its 2026 revenue forecast unchanged.
The company posted Q1 revenue of $1.1 billion, EPS $0.12, a 35% rise in members to 14.7 million, and record loan originations of $12.2 billion.
After loan-platform fees fell to $141 million versus $189 million expected, management guided roughly 30% Q2 growth, slower than Q1’s 41% rise, prompting the market to view the outlook as moderated.