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SoFi Technologies
NASDAQ: SOFI Financials IT 🔎 Screen
$21.7B
Market Cap
67.1
P/E
0.59
PEG
ROCE
5.7%
ROE
0.17
D/E
OPM
-41.5%
% from 52W High
29
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for SOFI including FX impact
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📈 Price History
Ratio Health
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By Category
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About

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong.

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📈 Growth Pattern
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⭐ Superinvestors Holding SOFI
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Manager Shares Value % of Fund Period
Cathie Wood ARK Investment Management 3.84M $60.9M 0.47% Mar 2026
Jim Simons Renaissance Technologies LLC 2.32M $36.8M 0.06% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Adjusted Net Revenue
$1.2B
+40% YoY
Adjusted EBITDA
$0.36B
+44% YoY
Adjusted Net Income
$0.16B
+65% YoY
GAAP Net Income
$0.16B
+61% YoY
What Went Right
  • Record adjusted net revenue of $1.2B, up 40% YoY, driving a 19th consecutive Rule of 40 score of 70.
  • Added record 1.1M members and 2.2M products; products per member reached 1.54 and cross-buy jumped to 51% of new products from existing members, up from 35% a year ago.
  • Record loan originations of $14.8B, including $10.7B personal loans; SoFi Plus reached 200,000+ paid subscribers and a $24M annualized revenue run-rate.
  • Credit remained strong: personal loan annualized net charge-off rate excluding DQ sales was 3.7%, down 70bps sequentially.
What to Watch
  • Fair value marks declined: personal loans marked at 104.7% (down 71bps QoQ) and student loans at 104.4% (down 85bps QoQ) on higher discount rates.
  • Tax rate headwind: 2026 EPS guidance now assumes a 22% tax rate, roughly 700bps above original guidance; Q2 EPS took a ~$0.005 hit from higher taxes.
  • Management raised revenue guidance but intentionally left EBITDA/EPS guidance unchanged to reinvest in growth and preserve cushion for the new 1-2 Fed hike rate outlook.
Management Guidance
  • FY2026 adjusted net revenue guidance raised to $4.75B-$4.85B, growth of approximately 32%-35%.
  • FY2026 adjusted EBITDA of approximately $1.6B, representing a 33%-34% margin.
  • FY2026 adjusted net income of approximately $825M, adjusted EPS of approximately $0.60, including a 22% tax rate.
  • No explicit Q3 2026 revenue guidance was provided.
Investor Lens
The thesis is stronger after this call: SoFi reached an inflection in products per member and cross-buy, with 51% of new products opened by existing members, while growing revenue 40% despite volatile rates. Management raised full-year revenue guidance but deliberately reinvested the upside rather than lifting EBITDA guidance, prioritising high-return growth initiatives. The path to 20%-30% ROTCE is becoming more visible as capital-light fee businesses scale and the financial services productivity loop compounds, though near-term EPS is being tempered by rate and tax assumptions.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q2 revenue $1.2B, 40% growth, 51% cross-buy
Revenue
Adjusted net revenue was $1.2056B, up 40% YoY, with $1.2B of cash revenue for the third straight quarter. Fee-based revenue was $472M, or 39% of total revenue; the lending segment generated $712M, while Financial Services and Technology Platform together contributed $551M, or 46% of adjusted revenue.
Profitability
Adjusted EBITDA was $357.8M, up 44% YoY, at a 30% margin. Adjusted net income was $160.4M, up 65%, and adjusted EPS was $0.12, including a ~$0.005 negative tax impact; GAAP net income was $156.6M, up 61%.
Margins
Adjusted EBITDA margin was 30%, with an incremental margin of 31%. Lending contribution margin was 55%, Financial Services contribution margin was 46%, and Technology Platform contribution margin was 14%. Net interest margin improved to 5.98%, up 4bps sequentially.
Balance Sheet
Company-wide cash was $3.6B; total deposits grew $5.3B to $45.5B. Tangible book value reached $9.5B, up 80% YoY, or $7.34 per share. Total risk-based capital ratio was 18.8%, well above the 10.5% regulatory minimum; no specific CapEx or free cash flow figures were provided.
Key Risks
The rate outlook shifted from two expected cuts to one-to-two hikes, driving lower fair value marks on loans. Higher taxes trimmed Q2 EPS by roughly $0.005 and weigh on full-year EPS guidance. Management also chose to keep EBITDA guidance unchanged while reinvesting revenue upside, creating a potential short-term earnings disappointment vs investors hoping for a raise.
Outlook
For full-year 2026, SoFi raised adjusted net revenue guidance to $4.75B-$4.85B and maintained adjusted EBITDA around $1.6B, adjusted net income around $825M, and adjusted EPS around $0.60. No Q3-specific guidance was provided.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 saw 40% revenue growth, record member and product additions, and strong profitability, with cross-buy and product per member reaching new highs. Guidance for 2026 was raised, and new products and partnerships are fueling durable growth and high returns.
Q1 2026 Q1 2026 2026-04-29
Achieved record revenue and profitability in Q1 2026, with 41% YoY revenue growth and strong member and product additions. Lending, financial services, and technology segments all posted robust results, while new product launches and partnerships fueled future growth.
Q4 2025 Q4 2025 2026-01-30
Record 2025 results with 38% revenue growth, 58% EBITDA growth, and strong member expansion. 2026 guidance calls for 30% revenue growth, 34% EBITDA margin, and continued innovation in crypto, AI, and business banking, supported by a robust balance sheet and high capital ratios.
Q3 2025 Q3 2025 2025-10-28
Q3 saw record revenue, member and product growth, and strong profitability, with non-lending segments now over half of total revenue. Guidance for 2025 was raised across all key metrics, and new product launches in blockchain, crypto, and AI are set to drive further growth.
Q2 2025 Q2 2025 2025-07-29
Record Q2 results with 44% revenue growth, strong profitability, and robust member and product expansion. Raised 2025 guidance, driven by fee-based and capital-light businesses, tech innovation, and new product launches. Confident in long-term growth and margin targets.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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