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SoFi's unchanged 2026 forecast eclipses record results, shares fall
- On Wednesday, April 29, 2026, SoFi Technologies shares fell roughly 9% in premarket trading after reporting record Q1 adjusted revenue of $1.1 billion and loan originations of $12.2 billion, yet maintaining full-year 2026 guidance unchanged.
- Shares declined because management left its 2026 forecast unchanged despite strong operational results, while Galileo platform revenue fell 27% due to the previously disclosed exit of Chime, a high-margin business.
- Robust member growth rose 35% to 14.7 million, while net interest income increased 39% to $693 million and fee-based revenue jumped 23% to $386.8 million, with GAAP net income totaling $166.7 million.
- William Blair analyst Andrew Jeffrey noted, "SoFi uncharacteristically did not flow through first-quarter revenue and EBITDA upside, keeping 2026 guidance effectively unchanged," while the brokerage said there is limited downside.
- With a 49x forward P/E ratio, valuations face pressure as bull case projections target $24.91 within 12 months, contrasted by a bear scenario pointing to $15.95 over the same period.
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SoFi Technologies (NASDAQ: SOFI) Falls 15% After Record Revenue Fails to Deliver Guidance Raise
SoFi Technologies (NASDAQ: SOFI) shed more than 15 percent of its market value on Wednesday after the digital bank delivered its best revenue quarter in company history but declined to raise its full year earnings guidance, disappointing investors who had quietly priced in an upgrade following a string of record setting results. The company reported […] The post SoFi Technologies (NASDAQ: SOFI) Falls 15% After Record Revenue Fails to Deliver Gui…
Coverage Details
Total News Sources17
Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 40%
C 50%
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