New York, Feb 2, 2026, 07:24 (EST) — Premarket
- SoFi shares fell 6.4% Friday, closing at $22.81 following earnings results
- It laid out targets for revenue, profit, and member growth through 2026
- Credit trends and rate-sensitive U.S. data are in focus for traders this week
Shares of SoFi Technologies caught attention again before Monday’s open, following a 6.4% drop after its earnings report. The stock closed Friday at $22.81.
The decline is notable given SoFi just posted its first $1 billion revenue quarter and bumped up its 2026 financial targets. Investors remain divided over the value of that growth—and the level of credit risk tied to it.
That debate often reignites when interest-rate expectations shift. A busy week of U.S. labor and inflation reports can jolt bond yields, which then affects consumer-lender valuations and their funding expenses.
SoFi disclosed in its SEC filing on Friday that its fourth-quarter net revenue hit $1.025 billion, with adjusted net revenue close behind at $1.013 billion. Looking ahead, the company projects adjusted net revenue around $4.655 billion for 2026 and adjusted EPS near 60 cents. It also aims to boost its membership by at least 30% year-over-year. For Q1, SoFi forecasted adjusted net revenue of roughly $1.04 billion and adjusted EPS of about 12 cents. (SEC)
Chief executive Anthony Noto described the quarter as “exceptional,” Barron’s reports, following a gain of roughly 1 million members that lifted total membership to 13.7 million. (Barron’s)
SoFi argues it’s shielded from the usual swings in net interest income that hit traditional lenders, thanks to a bigger slice of its revenue coming from fees — generated by its financial services and tech platform. Fee income can be more stable, but it depends heavily on ongoing member engagement and partner interest.
Lending remains the main driver. SoFi reported total originations reached a record $10.5 billion this quarter, led by personal loans. Management pointed out that credit performance was “in-line with expectations.”
Investors are zeroing in on SoFi’s technology platform accounts, which dropped after a major client completed their transition off the platform before year-end. This kind of slip usually hits hard in a market where growth stocks are valued for smooth, predictable climbs.
SoFi doubled down on crypto and blockchain in its quarterly report, unveiling consumer crypto trading and its own stablecoin, SoFiUSD. This move aims to expand its “one-stop shop” approach beyond just lending.
Risks run both directions. Should the job market slow quicker than anticipated, unsecured personal loan defaults might spike. Plus, any major overhaul in consumer credit rules could upend demand unexpectedly. Noto pointed out on Friday’s call that a proposed 10% cap on credit-card interest rates might transform lending economics throughout the sector. (Reuters)
SoFi’s shares surged late in the year, outpacing several fintech rivals early in 2025. That leaves scant tolerance for anything less than flawless guidance or even one weak data release. (Reuters)
The next major macro event lands Friday with the U.S. Employment Situation report for January, set for release at 8:30 a.m. ET. Then, on Feb. 11, January’s CPI data arrives. Both readings have the power to shift rate expectations—and, in turn, impact consumer lenders sensitive to those changes. (Bls)
