Why SoFi Technologies Stock Crashed 12.5% After Earnings [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
Heading into earnings, analysts forecast the online bank would earn $0.04 per share on $632.3 million. In fact, SoFi reported a profit of $0.05 per share, and its revenue exceeded expectations, at $697.1 million. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » SoFi continued to post impressive growth in the third quarter, with members rising 35% year over year to 9.4 million, although revenue grew slower at 30%. CEO Anthony Noto called the company's growth trends "durable," and noted that Q3 "was the strongest quarter in our history." SoFi also noted increases in credit quality. Personal loan charge-offs declined 32 basis points to 3.52%, and delinquencies on personal loans fell 7 basis points to 0.57%. Both metrics should tend to boost profits at the company. Indeed, net interest income grew 25%. Growth was fastest in the company's financial services and tech platform segment, where sales rose 64% year over year. Th
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SOFI
News
- SoFi Technologies, Inc. (SOFI) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Nasdaq Correction: 2 Stocks Down 13% and 57% to Buy Now and Hold Forever [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Buy SoFi Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Nasdaq Sell-Off: This Magnificent Stock Is a Bargain Buy [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies (NasdaqGS:SOFI) 13% Drop Follows Projected EPS For 2026 [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 1/27/25 - Beat
SOFI
Sec Filings
- 3/12/25 - Form 4
- 3/12/25 - Form 4
- 3/12/25 - Form 4
- SOFI's page on the SEC website