New York, January 20, 2026, 05:26 EST — Premarket update
- SoFi shares were indicated to fall roughly 4% in premarket action, mirroring a wider sell-off among high-beta finance stocks
- U.S. stock futures slipped as traders prepared for the first full session following Monday’s market holiday
- Traders are eyeing SoFi’s Jan. 30 earnings to gauge loan growth and credit trends
Shares of SoFi Technologies dropped roughly 4% to $25.09 in premarket trading Tuesday, following the reopening of U.S. markets after the long weekend. (Public)
The move coincided with a drop in U.S. equity futures, as Nasdaq 100 futures fell roughly 1% in early action. U.S. markets remained closed Monday in observance of Martin Luther King Jr. Day. (Businessinsider)
Timing is crucial for SoFi. The fintech is gearing up to release its next earnings report while its stock continues to digest a recent increase in share count amid a volatile market for growth-focused financial firms. The company announced it will report fourth-quarter and full-year 2025 results on Jan. 30. (SoFi Investors)
SoFi ended the day at $26.13 on Jan. 16, slipping 1.17% following three consecutive days of losses, per historical pricing data. (Investing)
Other consumer-lending and fintech stocks fell ahead of the open. Affirm dropped roughly 4%, while Upstart slid close to 5% in premarket trading, per Public.com data. (Public)
Macro headlines played a role as well. “Geopolitical events will remain in focus today, particularly any talks that may take place in Davos,” said Michael Brown, senior research strategist at Pepperstone. (AP News)
San Francisco-based SoFi operates a digital finance platform covering lending, financial services, and technology. Its stock often swings dramatically in response to changes in risk appetite and U.S. interest rate forecasts.
The stock faces additional pressure from a supply overhang. SoFi revealed that underwriters exercised an option linked to its earlier equity offering, pushing total shares sold to 57,754,660 at $27.50 each, according to a filing. (SEC)
As the Jan. 30 report approaches, investors will be focused on shifts in lending demand following the holiday slowdown, along with insights on credit quality amid tightening consumer budgets in some sectors. Deposits and funding costs continue to be critical factors for lenders operating with bank-like economics.
Premarket action often comes with noise. Trading volume is usually lighter outside regular hours, which tends to widen spreads and amplify price swings, particularly with volatile stocks.
SoFi’s quarterly earnings and management outlook drop Friday, Jan. 30, with an earnings call set for 8 a.m. Eastern. (SoFi Investors)
