Sofi stock falls
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SoFi was thrust into the hot seat last month when a short seller accused the fintech of accounting manipulation. The company called the report “factually inaccurate and misleading.”
Shares of SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) are down roughly 9% in premarket trading on Wednesday, April 29, after the digital bank reported Q1 2026 results before market open (BMO).
SoFi (SOFI) stock drops after in-line Q1 earnings and unchanged guidance—see revenue, originations, members, deposits, and what it means for 2026.
Thank you, and good morning, everyone. Notably, this was the second consecutive quarter that we have generated more than $1 billion in cash revenue. In Q1, we generated over $1 billion in cash revenue,
SoFi CEO Anthony Noto explained that the company declined to raise its full-year outlook due to macro uncertainty, not weakness in fundamentals.
SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) has whipsawed investors over the past six months, riding from the low teens to a 52-week high of $32.73 before sliding back to the high teens. With Q1 2026 earnings on deck,
SoFi’s management kept the full-year net revenue and adjusted EPS guidance unchanged at $4.655 billion and $0.60, respectively, despite strong Q1 performance.