NasdaqGS:SOFIConsumer Finance
Why SoFi (SOFI) Is Down 10.9% After Mixed Q1 2026 Results And Cautious Outlook
In the first quarter of 2026, SoFi Technologies reported net income of US$166.73 million on about US$1.1 billion of revenue, with basic earnings per share from continuing operations rising to US$0.13 and record loan originations of US$12.2 billion.
Despite this strong operational performance, including 14.7 million total members and continued profitability, investor attention has focused on rising net charge‑offs of US$201.64 million and weakness in the Technology Platform after the loss of...