SoFi Stock After Hours on December 9, 2025: Equity Offering Fallout, Fed Meeting Looms, and What to Watch Before the December 10 Open

Snapshot: Where SoFi Stock Stands Heading Into December 10, 2025

SoFi Technologies, Inc. (NASDAQ: SOFI) heads into Wednesday’s U.S. market open in a fragile but still strongly up‑trending position.

Closing price (Dec. 9, 2025): $26.83, down 2.83% on the day from a prior close of $27.61. ^[1]
After‑hours move: Shares ticked up modestly to $26.89 (+0.22%) by around 6:36 p.m. ET, suggesting a calm post‑close session after a choppy day. ^[2]
Market cap & valuation: Roughly $33.8 billion with a trailing P/E near 49.5 and forward P/E around 48.4, reflecting a premium growth multiple for a fintech‑turned‑bank. ^[3]
Bigger picture: Despite the recent pullback driven by a $1.5 billion stock offering, SoFi shares have still nearly doubled in 2025, according to multiple outlets that peg year‑to‑date gains around 80%–90%. ^[4]

For traders and long‑term investors alike, the story into Wednesday, December 10, 2025 revolves around three overlapping themes:

Ongoing digestion of the $1.5 billion equity raise and dilution fears
New partnership news with Templum and SoFi’s expanding “financial super app” strategy
A high‑stakes Federal Reserve decision that could reshape the rate backdrop for SoFi’s lending and banking businesses

Let’s break down what happened after the bell on December 9, and what to know before the opening bell on December 10.

1. SoFi Stock on December 9: Selling Pressure, Then a Quiet After‑Hours Rebound

Regular session: red day in a nervous market

During Tuesday’s session, SoFi stock traded lower alongside a broader market that faded into the close as investors braced for the Fed’s December rate decision. The S&P 500 finished down 0.09%, with traders expecting a 25 basis point cut but worrying the tone would be hawkish. ^[5]

For SoFi specifically:

Shares opened near $27.24 and traded in a $26.55–$27.45 intraday range. ^[6]
Volume was heavy at ~57.6 million shares, highlighting intense interest and ongoing repositioning after last week’s offering. ^[7]

By the close, SOFI was down 2.83% at $26.83, with the stock still about 18% below its 52‑week high of $32.73 but far above its 52‑week low of $8.60. ^[8]

After‑hours: a small bounce, not a new trend (yet)

In extended trading, SoFi nudged higher to $26.89, a 0.22% after‑hours gain versus the close. ^[9]

Crucially:

No new negative company‑specific headlines hit after the closing bell on December 9.
The modest uptick suggests some dip‑buying and short‑covering, but nothing that definitively reverses the recent downtrend sparked by the equity raise.

In other words: the real story into Wednesday isn’t an after‑hours shock — it’s the accumulated impact of the $1.5 billion share sale plus macro uncertainty.

2. Why SoFi Shares Are Under Pressure: The $1.5 Billion Equity Offering

SoFi’s current volatility traces directly back to its underwritten public offering of common stock, announced and priced late last week.

Key details of the offering

Size: Approximately $1.5 billion in gross proceeds.
Shares issued:54,545,454 new shares of common stock.
Pricing:$27.50 per share, only slightly below recent highs but representing roughly 4% dilution to existing holders. ^[10]
Greenshoe: Underwriters received a 30‑day option to buy up to an additional 8,181,818 shares at the same price. ^[11]
Use of proceeds: General corporate purposes, including strengthening SoFi’s capital position, increasing flexibility, and funding incremental growth opportunities. ^[12]

The announcement triggered an immediate sell‑off:

Shares fell more than 6% in after‑hours trading the night the offering was announced, dropping below $28 from a close around $29.60. ^[13]
Analysts at KBW and others described the move as “opportunistic” given the stock’s near‑record levels, but also noted that SoFi’s capital levels were relatively low versus peers — making the raise understandable but controversial. ^[14]

Investor debate: dilution vs. growth ammunition

Recent analysis has generally fallen into two camps:

Cautious:
- Articles from Barron’s, Investor’s Business Daily, and several Motley Fool pieces emphasize that repeated equity raises (two $1.5B offerings in roughly six months) raise questions about capital discipline and shareholder dilution. ^[15]
- A Seeking Alpha note titled “SoFi: Dilution Hammers Shares, But Accretion Is The Name Of The Game” argues that the stock is richly valued and that investors need to be convinced the new capital will generate sufficiently high returns. ^[16]
Constructive long‑term:
- Bulls point out that SoFi is still in “hyper‑growth mode”, with record revenue, rising profitability, and major product expansion, so raising equity near all‑time highs can de‑risk the balance sheet and fund future growth. ^[17]
- Some commentary frames this selloff as a “buy the dip” moment if management can deploy the capital into high‑return opportunities.

On December 9, that debate remained the primary overhang, with many investors still repricing the stock to reflect a bigger share count and a potentially lower EPS trajectory in the near term.

3. New Catalyst on December 9: SoFi & Templum Open a Window Into Epic Games and Stripe

While the market focused on dilution, SoFi also dropped new partnership news Tuesday morning that underscores its ambition to be a one‑stop investing and banking hub.

The Templum private markets deal

On December 9 at 8:45 a.m. ET, PR Newswire announced that SoFi and Templum have opened an exclusive December 8–19 investment window giving accredited investors access to private shares of Epic Games and Stripe via the Cosmos Fund. ^[18]

Key points:

The partnership aims to make investing in private markets “as easy as public markets” for SoFi’s eligible members. ^[19]
Epic Games and Stripe were selected for their leadership in digital entertainment and digital payments, respectively — high‑growth, high‑profile names that fit SoFi’s tech‑forward brand. ^[20]
Templum and SoFi are already planning a “robust 2026 calendar” of similar offerings across robotics, fintech, defense tech, and cloud infrastructure. ^[21]

From an investor‑sentiment standpoint, this partnership:

Reinforces SoFi’s strategy to be a “financial super app” not just for banking and loans, but for access to alternative assets and private markets. ^[22]
Signals that the company is leaning into higher‑margin fee businesses, which is consistent with its Q3 shift toward fee‑based revenue. ^[23]

However, the market’s lukewarm reaction on December 9 suggests that dilution and Fed worries overshadowed this positive strategic news — at least in the short term.

4. Options Market Check: Whales Turn Cautious on SOFI

If you want a sense of how sophisticated traders feel about a stock, the options tape is often revealing — and Tuesday’s flow leaned more bearish than bullish.

A Benzinga analysis published at 1:02 p.m. ET on December 9 highlighted a surge in “whale” options activity in SoFi: ^[24]

The article detected 28 large options trades in recent activity.
Roughly 53% of those big trades were bearish, compared to about 35% bullish.
Notably large positions included:
- Bearish put sweeps at the $25 and $26 strikes expiring in early 2026, including a ~$339k sweep in $25 puts and a ~$69k trade in $26 puts. ^[25]
- Several long‑dated bullish calls at higher strikes (e.g., $42 and $47 calls expiring in 2027–2028), suggesting some big money still sees major upside over a multi‑year horizon. ^[26]

Benzinga also noted:

SOFI’s intraday price around $27.03, down about 2.1% at the time.
Technical readings showing the stock approaching oversold territory on RSI, even as the long‑term trend remained up. ^[27]

Bottom line from options land:
Some large traders are hedging or betting on near‑term downside, even as others position for higher prices over the longer term. That mixed, but skew‑bearish, positioning is an important backdrop heading into Wednesday’s open.

5. Analyst & Model Forecasts for SoFi Stock Right Now

Street consensus: “Hold” with modest downside

According to StockAnalysis, which aggregates 17 Wall Street analysts:

Consensus rating:Hold
Average 12‑month price target:$24.70, implying about 8% downside from the December 9 close around $26.83. ^[28]

That positioning reflects a Street view that:

Recognizes SoFi’s growth and execution, but
Questions valuation after such a large year‑to‑date rally and the recent dilution.

TipRanks AI Analyst: Neutral with upside to $30

TipRanks’ “AI Analyst” — which combines multiple quantitative models — currently gives SoFi: ^[29]

A Neutral rating
An implied price target of $30, roughly 11% upside from current levels
Positive marks for:
- Strong revenue and earnings growth
- Expanding member base and new products (including international payments and crypto offerings)
Offsetting concerns about:
- Cash flow pressures driven by growth investments
- Intense competition in personal lending
- Macro risks like persistent inflation and rate uncertainty

Other commentary: bullish narratives vs. valuation hangover

Recent coverage summarized on StockAnalysis highlights a range of views: ^[30]

Bullish long‑term pieces (Motley Fool, Forbes, Seeking Alpha) argue that:
- SoFi is evolving into a leading full‑service digital bank with around $30 billion in deposits. ^[31]
- Its “super app” ecosystem, cross‑selling ability, and younger demographic base could support years of high‑growth compounding.
More cautious takes focus on:
- SoFi’s mid‑to‑high double‑digit revenue growth already priced in, with a stretched earnings multiple. ^[32]
- The risk that higher‑for‑longer rates or slower loan demand could pressure margins and growth simultaneously.

Quant & technical models

Quantitative forecast sites also weigh in:

One model‑driven forecast (e.g., CoinCodex) expects a short‑term bounce toward the high‑$27s to low‑$28s, followed by a possible pullback into the mid‑$20s over the coming days — reflecting elevated volatility but no clear directional conviction. ^[33]
TradingView’s aggregated technical sentiment recently showed:
- Short‑term (1‑day) signals tilted “sell”,
- While 1‑week and 1‑month signals leaned “buy”, consistent with a pullback within a longer‑term uptrend. ^[34]

The common thread: SoFi is no longer a deeply discounted turnaround; it’s a re‑rated growth name where expectations are high and volatility is part of the package.

6. Fundamentals Still Look Strong: Q3 2025 Was a Record Quarter

The current debate over dilution is happening against a backdrop of very strong fundamentals.

From SoFi’s Q3 2025 results and related coverage: ^[35]

Net revenue:
- Record ~$950–$962 million, up roughly 38% year‑over‑year, and well ahead of analyst expectations.
GAAP net income:
- About $139 million, more than double the prior‑year quarter, marking SoFi’s eighth consecutive quarter of GAAP profitability.
Adjusted EBITDA:
- Around $277 million, with a 29% margin, underscoring improving operating leverage.
Member and product growth:
- Added roughly 905,000 new members, bringing total membership to about 12.6 million.
- Total products reached 18.6 million, both growing in the mid‑30% range year‑over‑year. ^[36]
Revenue mix:
- Fee‑based revenue hit around $409 million, up 50% year‑over‑year, and now representing roughly 43% of adjusted net revenue, helping to diversify away from pure interest income. ^[37]
Guidance:
- SoFi raised its full‑year 2025 adjusted EPS guidance to about $0.37, up from $0.31 previously and above consensus estimates. ^[38]

These numbers are why, even after the share‑sale‑driven pullback, many analysts and quant models still see a credible long‑term growth story — albeit one that might need time to digest new shares and a changing rate environment.

7. Macro Backdrop Before the December 10 Open: All Eyes on the Fed

For SoFi, macro matters: its lending, deposit, and refinancing businesses are all tethered to the interest‑rate environment.

Fed meeting: a likely “hawkish cut”

The Fed’s December 9–10, 2025 meeting is the final policy event of the year and the main macro driver for SoFi and other growth stocks today. ^[39]

Current expectations from multiple outlets:

Markets are pricing roughly an 85%–90% probability of a 25‑basis‑point cut, taking the federal funds rate down to around 3.50%–3.75%. ^[40]
However, commentary from WSJ, Business Insider, ABC News and others suggests the Fed may pair the cut with guidance that future easing is not guaranteed, especially amid still‑sticky inflation and limited fresh data after a recent government shutdown. ^[41]

Benzinga’s SoFi‑specific write‑up on Tuesday explicitly framed this as the “critical macro driver” for the stock: if the Fed signals rates will stay higher for longer, the expected boom in student‑loan and mortgage refinancing into 2026 could disappoint, and SoFi’s net interest margins could stay squeezed. ^[42]

Broader market tone

Reuters noted that the S&P 500 slipped modestly on December 9 as Treasury yields climbed and traders braced for potentially less‑dovish messaging, even if a cut arrives. The 10‑year yield moved toward ~4.18%, pressuring rate‑sensitive financials. ^[43]

For SoFi shareholders, that means:

Into the open on December 10, macro headlines may matter as much as any SoFi‑specific news.
Growth‑and‑fintech names like SoFi typically benefit from lower rates, but only if the path of future cuts looks supportive — a hawkish cut or “one‑and‑done” tone could weigh on the stock even if the Fed technically eases.

8. Key Things to Watch for SoFi Stock Before the December 10, 2025 Open

Putting it all together, here’s what stands out heading into today’s session:

1. Price action around the mid‑$20s support zone

Options whales have concentrated bearish put activity around the $25–$26 strikes for 2026 expirations. ^[44]
A decisive break below $26 on strong volume could accelerate downside, as hedges kick in and technical traders react.
Conversely, if SOFI holds above the mid‑$20s and bounces, it would support the idea that the post‑offering selloff is turning into consolidation rather than a deeper trend reversal.

2. Reaction to Fed commentary, not just the headline cut

A straightforward dovish cut (or hints of more cuts in 2026) would likely be supportive for SoFi, reinforcing expectations for stronger loan demand and refinancing. ^[45]
A hawkish cut with talk of a pause could cap upside or trigger another leg lower in high‑valuation growth names, including SoFi. ^[46]

Even though the Fed decision hits at 2:00 p.m. ET, overnight futures and bond yields can set the tone before the opening bell.

3. Ongoing digestion of the share offering

The offering was priced at $27.50; with the stock now hovering slightly below that level, traders are watching whether new buyers step in around the deal price. ^[47]
Commentary from multiple outlets suggests that if management deploys the $1.5 billion into high‑return growth initiatives, the raise could prove earnings‑accretive over time, even though it’s EPS‑dilutive in the near term. ^[48]

4. How the market treats the Templum partnership and alternative‑assets push

Short term, the Templum deal didn’t rescue the stock on Tuesday. But longer term, investors will be watching:
- Adoption of SoFi’s private‑markets offerings among accredited members
- Growth in fee‑based revenue from these and similar partnerships
Positive updates on participation or new deals in 2026 could support the bull case that SoFi is building a diversified, capital‑light financial platform. ^[49]

9. Final Takeaway: A High‑Beta Fintech at a Turning Point

Going into the December 10, 2025 open, SoFi sits at a crossroads:

Fundamentals are strong: record Q3 revenue, rising profitability, robust member growth, and higher‑margin fee income all point to a business that is executing. ^[50]
Valuation and capital decisions are under the microscope: the $1.5 billion equity raise has shaken confidence and invited scrutiny of management’s capital strategy and the stock’s lofty multiple. ^[51]
Macro risk is front and center: today’s Fed decision will set the tone for rate‑sensitive fintechs well into 2026. ^[52]

For investors watching SOFI before the bell:

Expect heightened volatility around both the open and the Fed announcement.
Keep an eye on whether the stock can hold the mid‑$20s, how options markets adjust after Tuesday’s whale activity, and whether any new commentary from management or analysts shifts the narrative around the recent share sale.

As always, this overview is informational, not investment advice. SoFi remains a high‑beta name whose returns — positive or negative — are likely to be amplified by whatever the Fed does next and how effectively management deploys its newly raised $1.5 billion.

References