SoFi Falls on In-Line Q1, Guidance Unchanged
SoFi Technologies’ stock fell about 9% in premarket trading after reporting in-line Q1 earnings and reaffirming 2026 guidance with a GAAP EPS around $0.60. The results showed strong year-over-year growth across segments—financial services up 41%, Technology Platform up 27%, and lending up 55%—with double- to triple-digit originations, while management notes the deposit-funded model helps reduce risk even as investors weigh weakness in the Technology Platform.