New York, Jan 30, 2026, 18:11 ET — After-hours
- SoFi shares dropped in after-hours trading Friday following a volatile session.
- The company released its quarterly results and outlined targets for 2026.
- Traders entering next week are focused on credit trends, fee-based growth, and the risks posed by Washington policy.
Shares of SoFi Technologies (SOFI) dropped 6.4% to $22.81 in after-hours trading on Friday, following a regular session that saw prices swing between $26.33 and $22.33. More than 131 million shares changed hands during the day.
The late slide is significant since SoFi has become a barometer for consumer-finance risk appetite: rapid growth remains in demand, but the market swiftly penalizes any signs of weaker credit or fading momentum.
SoFi’s earnings arrive just as investors are turning back to fee-driven fintech plays, following a lengthy period where rising rates and recession fears held the sector in check.
SoFi reported a 37% jump in adjusted net revenue year-over-year, hitting $1.013 billion. Adjusted EBITDA surged 60% to $318 million. Fee-based revenue climbed 53%, reaching $443 million, while net income came in at $174 million. However, technology platform accounts dropped 23% to 128 million, following the exit of a major client. CEO Anthony Noto described the quarter as “nothing short of exceptional.” (Business Wire)
Management is aiming for adjusted net revenue near $4.655 billion in 2026, with adjusted EBITDA around $1.6 billion. Adjusted earnings are expected to hit roughly 60 cents per share. For Q1, the company anticipates adjusted net revenue of about $1.04 billion and adjusted earnings close to 12 cents a share. SoFi relies on “adjusted” — non-GAAP — numbers to exclude factors it says distort the core business results. (SEC)
The company gained 1 million members during the quarter, pushing its total to 13.7 million. It sold 1.6 million products, with roughly 40% of those new sales coming from existing members, according to MarketWatch. Loan originations climbed 46% to $10.5 billion, driven by $7.5 billion in personal loans, $1.9 billion in student loans, and around $1.1 billion in home loans, the report added. (MarketWatch)
A filing with the U.S. Securities and Exchange Commission revealed SoFi submitted its earnings release in a Form 8-K related to the quarter and year ending Dec. 31, 2025. (SEC)
Noto also addressed the 10% cap on credit-card interest rates proposed earlier this month by Donald Trump, warning it could crush the economics behind revolving card balances. “I would expect a meaningful contraction in credit card lending because the economics of revolving balances would not work,” he said. He added that this change might push more borrowers toward personal loans, where SoFi and competitors like Upstart Holdings and LendingClub are fiercely battling. (Reuters)
Some analysts saw the quarter as proof the company is gaining ground while big banks struggle with fees and low deposit rates. William Blair’s Andrew Jeffrey called the results a “blowout,” adding that “large banks … are losing the day.” (American Banker)
That late drop in the stock highlights how reliant SoFi remains on consumer lending. Credit conditions can flip fast if employment weakens or borrowing costs climb. The chatter around card rate policies might vanish just as quickly—or shift course—pushing investors back toward basics like loan growth and charge-off trends.
Markets reopen Monday, Feb. 2, setting the stage for the next test. Investors will look closely for follow-through and the initial round of analyst revisions, after a day that began with optimism but closed on a selloff.
