SoFi Dips to Fresh Low as Growth Spending Overshadows Record Quarter

SoFi Technologies fell to a 52-week low after a Q2 that featured record revenue and EBITDA growth, but management guided higher growth spending with only modest changes to the full-year profitability outlook. Q2 revenue rose 43% (GAAP) to $1.22B and adjusted revenue 40% to $1.21B, with adjusted EBITDA up 44% to $357.8M; loan originations reached $14.8B and members rose to 15.8M. However, 2026 guidance was raised for revenue to $4.75–$4.85B (32–35% growth) while EBITDA and earnings guidance remained roughly unchanged, signaling more reinvestment than immediate profit acceleration. Lending revenue advanced while Technology Platform revenue declined after a major client departure, underscoring investor focus on operating leverage and margins amid growth spend.