SoFi stock sinks after $1B revenue quarter — what SOFI investors are watching next week
SoFi shares fell 6.4% to $22.81 Friday after the company posted its first $1 billion quarter in adjusted net revenue, up 37% from a year earlier. Trading volume hit about 132 million shares. SoFi raised its 2026 revenue target to $4.655 billion and forecast Q1 adjusted net revenue of $1.04 billion. CEO Anthony Noto cited possible effects from proposed U.S. credit card interest rate caps.