New York, Jan 30, 2026, 18:11 ET — After-hours
- Shares of SoFi slipped in after-hours trading on Friday after a rollercoaster day on the market.
- The company announced its quarterly results and set goals through 2026.
- Traders heading into next week are zeroing in on credit trends, fee-based growth, and potential risks from Washington policy.
SoFi Technologies (SOFI) shares fell 6.4% to $22.81 in after-hours trading Friday, after earlier moving between $26.33 and $22.33. The stock saw heavy volume, with over 131 million shares traded during the session.
The sharp drop is notable because SoFi now serves as a key gauge for consumer-finance risk appetite. While rapid growth still attracts attention, the market quickly punishes any hints of deteriorating credit or slowing momentum.
SoFi’s earnings come at a moment when investors are shifting focus back to fee-driven fintech stocks, after a prolonged stretch dominated by rising rates and recession concerns that kept the sector subdued.
SoFi posted a 37% rise in adjusted net revenue year-over-year, reaching $1.013 billion. Adjusted EBITDA jumped 60% to $318 million. Fee-based revenue surged 53% to $443 million, while net income totaled $174 million. Yet, technology platform accounts fell 23% to 128 million, after losing a key client. CEO Anthony Noto called the quarter “nothing short of exceptional.” Business Wire
Management targets adjusted net revenue near $4.655 billion in 2026, with adjusted EBITDA around $1.6 billion. Adjusted earnings are projected at about 60 cents per share. For Q1, the company expects adjusted net revenue close to $1.04 billion, alongside adjusted earnings near 12 cents per share. SoFi leans on “adjusted” — non-GAAP — figures to strip out items it says skew the core business results. SEC
The company added 1 million members this quarter, bringing its total to 13.7 million. It sold 1.6 million products, with about 40% of those sales coming from existing members, MarketWatch reported. Loan originations jumped 46% to $10.5 billion, fueled by $7.5 billion in personal loans, $1.9 billion in student loans, and roughly $1.1 billion in home loans, according to the same report.
A recent filing with the U.S. Securities and Exchange Commission shows SoFi has submitted its earnings release via a Form 8-K for the quarter and fiscal year ending Dec. 31, 2025.
Noto weighed in on Donald Trump’s recent proposal to cap credit-card interest rates at 10%, warning it could upend the business model for 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 also noted this could drive more borrowers toward personal loans, intensifying competition among SoFi and rivals like Upstart Holdings and LendingClub. Reuters
Several analysts viewed the quarter as evidence the company is making headway, even as big banks grapple with fees and low deposit rates. Andrew Jeffrey of William Blair labeled the results a “blowout,” noting that “large banks … are losing the day.” American Banker
That late sell-off underscores SoFi’s continued dependence on consumer lending. Credit conditions can turn sharply if job markets falter or borrowing costs rise. Talk about card rate strategies could disappear just as fast—or pivot—redirecting investors’ focus to fundamentals like loan growth and charge-off rates.
Markets reopen Monday, Feb. 2, marking the next key test. Investors will watch for follow-through and early analyst revisions after a day that started hopeful but ended with a selloff.
