New York, January 20, 2026, 05:26 EST — Premarket update
- SoFi shares were set to drop about 4% in premarket, tracking a broader sell-off in high-beta finance stocks
- U.S. stock futures edged lower ahead of the first full trading day after Monday’s market holiday
- Traders are focused on SoFi’s Jan. 30 earnings report to assess loan growth and credit trends
SoFi Technologies shares slipped about 4% to $25.09 in premarket action Tuesday as U.S. markets resumed after the long weekend. 1
The shift came as U.S. equity futures slipped, with Nasdaq 100 futures down about 1% in early trading. U.S. markets stayed closed Monday for Martin Luther King Jr. Day. 2
Timing couldn’t be more critical for SoFi. The fintech is set to unveil its next earnings report, as its shares absorb a recent rise in share count amid a choppy market for growth-oriented financial companies. The firm said it will release fourth-quarter and full-year 2025 results on Jan. 30. 3
SoFi closed at $26.13 on Jan. 16, down 1.17% after dropping for the third day in a row, according to historical price data. 4
Shares in other consumer-lending and fintech firms dipped before the open. Affirm lost about 4%, and Upstart was down nearly 5% in premarket, according to Public.com data. 5
Macro headlines also had an impact. “Geopolitical events will remain in focus today, particularly any talks that may take place in Davos,” said Michael Brown, senior research strategist at Pepperstone. 6
San Francisco-based SoFi runs a digital finance platform spanning lending, financial services, and technology. Its shares frequently react sharply to shifts in risk appetite and U.S. interest rate expectations.
The stock is also weighed down by a supply overhang. SoFi disclosed that underwriters exercised a greenshoe option tied to its prior equity deal, raising the total shares sold to 57,754,660 at $27.50 apiece, per a filing. 7
With the Jan. 30 report coming up, investors are zeroing in on changes in lending demand after the holiday lull. They’re also watching for clues on credit quality as some consumer budgets tighten. Meanwhile, deposits and funding costs remain key concerns for lenders with bank-like business models.
Premarket trading often brings noise. Lighter volume outside regular hours usually leads to wider spreads and bigger price swings, especially for volatile stocks.
SoFi will release its quarterly earnings and management outlook on Friday, Jan. 30, followed by an earnings call at 8 a.m. Eastern. 8
