New York, April 26, 2026, 16:02 EDT
- SoFi plans to report its first-quarter numbers ahead of the bell on April 29. Management previously guided for adjusted net revenue around $1.04 billion and adjusted earnings per share at roughly 12 cents.
- The stock ended Friday at $18.44, a gain of 0.66%. Market cap lands near $23.8 billion.
- SoFi is making another move into home lending, providing investors with a new test of the company’s efforts to branch out beyond its core of personal loans and deposits.
This week, SoFi Technologies Inc. will deliver its first-quarter numbers, and investors have boiled the story down to a single point: Can the digital financial-services company keep loan volumes up and start piling on more revenue that isn’t just tied to interest income?
SoFi set a tough benchmark with its latest results. In the fourth quarter, the company cracked $1 billion in revenue for the first time, while member growth hit an all-time high with 1 million new additions. By the end of 2025, total membership hit 13.7 million, according to management’s January update.
Back in January, management projected first-quarter adjusted net revenue would land near $1.04 billion, with adjusted EBITDA around $300 million and adjusted EPS estimated at 12 cents. Adjusted EBITDA, for reference, excludes interest, taxes, depreciation, amortization, and a handful of other entries.
SoFi’s report lands around 7 a.m. Eastern on Wednesday, with an earnings call an hour later at 8. The schedule drops SoFi right into the thick of fintech earnings season, offering an early look at consumer credit, home lending, and deposit expenses before other firms report.
SoFi is taking another shot at housing. On April 22, the company rolled out a digital HELOC—short for home equity line of credit, a flexible loan secured by a homeowner’s equity. At the same time, SoFi introduced a Real Estate Advisory Council. That group includes agents from Compass, Sotheby’s, and Real Broker.
Eric Schuppenhauer, SoFi’s executive vice president of Borrow, said the company is merging its technology with agent know-how to support members. Schuppenhauer called it a push for “innovating our products and listening” to those engaged in the housing market. SoFi
SoFi’s drive into mortgages comes on the heels of a big quarter: total loan originations hit $10.5 billion, a 46% jump from the same period last year, according to Reuters. Fee-based revenue—covering origination, referral, interchange, and brokerage fees—climbed 53% to $443.3 million.
Anthony Noto, the chief executive, sees an opening for personal loans if credit-card lending starts to dry up. “People will still need credit,” he told Reuters in January, pointing out that a slowdown in card lending might leave a hole in the market. Reuters
It’s not just SoFi drawing scrutiny on competitive dynamics. LendingClub plans to announce its first-quarter earnings after the bell on April 27, and Affirm will release its fiscal Q3 results May 7. That will keep attention trained on app-based consumer lending and pay-over-time services.
But risks haven’t faded. Back in February, a Federal Reserve survey turned up softer household appetite for most loan types last quarter. Banks, for their part, braced for more delinquencies and charge-offs in certain credit lines. SoFi’s outlook also flagged a grab bag of headwinds: shifting economic conditions, inflation, rate moves, tougher rules, and how easy it is to raise capital.
For investors, the focus isn’t just on SoFi delivering another solid quarter; it’s about tracking the source of that growth. More fee-based revenue and an uptick in home lending could help management stick to its full-year adjusted net revenue goal of roughly $4.655 billion. But if the credit environment weakens, meeting that target gets tougher.
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