NEW YORK, May 24, 2026, 11:06 (EDT)
- SOFI ended Friday at $15.62, slipping 0.2%. Shares were little changed compared to the prior Friday.
- Nasdaq will stay closed on Monday for Memorial Day. Investors won’t get the next regular session until Tuesday.
- Thursday brings the next big U.S. macro print, with PCE inflation on deck. The reading is a key gauge for rate moves in lending.
SoFi Technologies finished Friday at $15.62, with the stock basically flat for the week as the online lender moves into the holiday-shortened stretch. U.S. markets are closed Monday for Memorial Day. Trading for SoFi will pick up again Tuesday, after a three-day break.
That’s important since SoFi is now facing more than just rapid member growth. Investors are looking at loan demand, what it costs SoFi to fund loans, and credit risk, all as inflation figures drive changing rate expectations.
SoFi lagged the market. U.S. stocks booked an eighth week of gains, with the S&P 500 higher by 0.9% for the week, the Dow adding 2.1%, and the Nasdaq gaining 0.5%, AP market data showed. The Dow hit a record high Friday, Reuters reported, as Middle East sentiment boosted the tape.
SoFi filed a company-specific update May 22. In the SEC filing, Executive Vice President Kelli Keough reported a sale of 10,037 shares at a weighted average price of $15.5346. The sale followed a Rule 10b5-1 plan. The plan was put in place July 30, 2025, according to the filing.
April’s earnings response still matters most. SoFi put up first-quarter GAAP net revenue of $1.10 billion, a 43% gain from last year. Net income landed at $166.7 million, with diluted earnings per share of 12 cents. Adjusted EBITDA, which takes out interest, taxes, depreciation and amortization, was up 62% to $339.9 million.
SoFi posted record loan originations of $12.2 billion, with $8.3 billion in personal loans, $2.6 billion in student loans and $1.2 billion in home loans, the company said. Member growth was 35%, while products rose 39%. CEO Anthony Noto said in the release that SoFi delivered “durable growth and strong returns.” SEC
Shares dropped after the results as management left its 2026 guidance mostly unchanged. On April 29, Reuters said the flat forecast overshadowed the record figures. William Blair analyst Andrew Jeffrey told Reuters investors were let down there was no guidance boost, though he didn’t see much downside risk.
SoFi kept its 2026 outlook unchanged, calling for adjusted net revenue of around $4.655 billion, adjusted EBITDA of $1.6 billion and adjusted EPS close to 60 cents. The company is also guiding for at least 30% member growth this year.
Rates take the focus again this week, with April PCE data due May 28. The Bureau of Economic Analysis will publish the report. PCE, or personal consumption expenditures, tracks prices paid by consumers. Core PCE removes food and energy, which can jump around. The BEA says the number is watched closely by the Federal Reserve.
The same thinking runs through the consumer-finance fintech space. Investors have kept an eye on Affirm, LendingClub and Upstart as credit performance and loan demand can move fast if rates are high or borrowers start to slip. In March, the Wall Street Journal said that private-credit stress had hit consumer loans at firms like Affirm, LendingClub and Upstart.
Risks for SoFi are clear. If inflation is sticky and rates move higher, the company’s own filing shows a 100-basis-point rise would hit net interest income by $117.7 million and drop the fair value of rate-sensitive assets by $885.2 million. Under its sensitivity analysis, a 10% jump in credit loss rates would also cut pre-tax income by $176.9 million.
SoFi heads into Tuesday with steady operating figures and shares that have barely budged this week, while risk appetite is stronger across the market. Much could ride on Thursday’s inflation data, which may drive pressure on lenders, borrowers, and what investors are willing to pay, rather than last quarter’s loan growth.
