New York, January 30, 2026, 15:15 (EST) — Regular session
Shares of SoFi Technologies slid about 8% to $22.48 by Friday afternoon, having swung between $26.33 and $22.48 earlier. Investors weighed the fintech lender’s latest quarterly results against its revised 2026 forecasts.
This change matters because investors view SoFi as a benchmark: fast growth, mostly unsecured loans, and a move into broader financial services. Each quarter acts like a referendum on whether the company can keep expanding without credit losses or funding problems cropping up.
SoFi’s fourth-quarter profit surged, fueled by strong loan demand and a sharp rise in fee-based revenue. Financial services income jumped 78% to $456.7 million for the quarter ending Dec. 31, while total loan originations reached a record $10.5 billion. CEO Anthony Noto pointed to the political scene, saying Donald Trump’s plan to cap credit-card interest rates at 10% could shrink credit-card lending, leaving “a massive gap” that personal loans could fill. 1
San Francisco-based Sofi boosted its membership by 1 million this quarter, bringing the total to 13.7 million. The firm sold 1.6 million new products, a 37% jump from last year. Personal loans led originations at $7.5 billion, followed by student loans at $1.9 billion and home loans at $1.1 billion. Fee-based revenue hit $443 million. 2
SoFi forecasts adjusted net revenue of about $4.655 billion and adjusted EBITDA close to $1.6 billion in 2026. (The company excludes certain items from adjusted EBITDA to highlight underlying trends.) It also anticipates adjusted earnings per share around 60 cents for that year. These targets hinge on the macro environment staying mostly steady. 3
Dan Dolev at Mizuho remains cautious on the selloff. He described the quarter as “strong” and the guidance “upbeat,” adding it “should offer a sigh of relief.” Dolev kept his Outperform rating, pegging a $38 price target. 4
During the earnings call, CFO Chris Lapointe said the company had “the luxury” to shift its focus toward “capital-light fee-based revenue” through its loan platform pipeline, thanks to a new partnership. Management also disclosed plans to launch business banking in 2026. CEO Noto reiterated the long-term target for return on equity of 20% to 30%. 5
Still, the stock’s swift bounce back from early gains shows how quickly sentiment can flip on these names. Any signs of a softer consumer, rising delinquencies, or tighter funding could threaten that outlook.
The credit-card cap debate splits opinion. While it could push borrowers toward installment loans, a pullback by lenders might shrink overall credit, weighing on loan growth across the board.
April 28, 2026, stands out as the next key date—SoFi plans to drop its first-quarter earnings report then, per Wall Street Horizon. Investors will zero in on whether the company hits its Q1 goals and keeps credit performance steady. 6
