NEW YORK, April 16, 2026, 14:38 EDT.
Shares of SoFi Technologies ticked up roughly 1.5% on Thursday, with traders sizing up the fintech’s fresh instant bank-transfer tool while eyeing first-quarter earnings slated for April 29. The stock hovered near $19.08 mid-session in New York.
Timing’s critical here. SoFi’s January earnings showed it closed out 2025 with record revenue, stepped-up member growth, and a broader fee base. Management flagged around 30% adjusted revenue growth for 2026. Speeding up money movement may seem basic, but it’s part of SoFi’s push to attract more deposits and daily transactions into its app ahead of its next report this month.
FedNow, the Federal Reserve’s real-time payments network, gives participating banks the ability to transfer funds in seconds, 24/7. According to Galileo, SoFi’s tech arm, this upgrade now enables SoFi members to shift money between their SoFi and external bank accounts almost instantly—sidestepping the traditional ACH system’s one-to-three-day wait.
“Waiting days for money to show up—people don’t expect that anymore,” Galileo’s CFO and interim chief Bill Kennedy said. SoFi CEO Anthony Noto, quoted in the same release, argued that money ought to move instantly, describing the launch as a workaround for outdated banking tech. Galileo
This transfer rollout isn’t happening in isolation. Back on April 2, SoFi introduced Big Business Banking—a new offering aimed at enterprise customers needing to manage deposits, move money, and handle settlements in both fiat and stablecoins, all through a single chartered bank. The company’s release called out Mastercard, Galaxy, Bullish, and BitGo as some of the first to join.
SoFi is scheduled to report its first-quarter results before markets open on April 29, with a conference call set for 8 a.m. Eastern. Back in January, the company put its quarterly outlook at around $1.04 billion in adjusted net revenue, aiming for adjusted EBITDA of about $300 million, $160 million in adjusted net income, and adjusted earnings of roughly 12 cents per share. EBITDA, a key profitability metric, strips out interest, taxes, depreciation and amortization.
That’s a tough benchmark. Back in January, Reuters flagged SoFi’s fourth-quarter profit bump—loan demand stayed hot, and fee-based lines kept ramping. A filing pointed to adjusted net revenue landing just over $1.01 billion, with adjusted EBITDA hitting $317.6 million. Membership grew to 13.7 million. The financial services segment was a standout, revenue up 78% to $456.7 million, another sign SoFi is shifting away from relying solely on lending.
Keefe, Bruyette & Woods analyst Tim Switzer last week called out SoFi’s charter and its Galileo network as giving the company a “unique position” to connect traditional finance with digital assets. Still, Switzer left his Underperform rating unchanged—suggesting that, for now, the introduction of new products hasn’t resolved lingering questions around valuation or execution. Barron’s
The next hurdle? Loans. Back in March, Muddy Waters, a well-known short seller, accused SoFi of hiding at least $312 million in debt and flagged other accounting concerns. SoFi fired back, labeling the report as misleading and said legal options were on the table. In January, SoFi insisted that credit performance was matching forecasts. Still, if credit trends or funding costs slip even a bit, those same short seller claims could quickly steal the spotlight again.
At this point, investors seem to be viewing the FedNow development as just a step, holding off on any big calls until April 29. Shares rebounded sharply from their lows on Thursday, but it’s not clear yet if the push into faster payments and new platform products will actually deliver more consistent earnings growth.
