SoFi Stock Tanks 9% as Profit Guidance Stays Unchanged After Record Q2

TLDR

• SoFi stock fell 8.90% to $15.25 after its second-quarter earnings report.
• SoFi reported total net revenue of about $1.2B, up 43% from a year earlier.
• Adjusted EBITDA rose 44% to nearly $358M, while EPS reached $0.12.
• Loan originations hit a record $14.8B across personal, student, and home loans.
• SoFi kept its 2026 EPS guidance unchanged at $0.60 despite raising revenue guidance.

SoFi stock dropped 8.90% to $15.25 after investors focused on unchanged profit guidance, even as the fintech reported record second-quarter revenue, earnings, members, and loan originations.

SoFi Stock Falls Despite Record Revenue

SoFi Technologies reported total net revenue of about $1.2 billion for the second quarter, up 43% from a year earlier. Adjusted revenue reached about $1.21 billion, above analyst estimates near $1.12 billion.

Adjusted earnings came in at $0.12 per share, slightly above expectations of about $0.11. Net income rose 61% to more than $156 million, while adjusted EBITDA climbed 44% to nearly $358 million.

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