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Sofi

All articles tagged with #sofi

finance1 month ago•19 min saved

SoFi Edges Robinhood on Q2 Growth, Stock Dips on Guidance

SoFi posted stronger Q2 growth than Robinhood, with revenue of $1.21B (up 43%), 15.8M members and SoFi Plus surpassing 200k subscribers, while Robinhood reported $1.31B in revenue (up 32%) and 28.4M funded customers. SoFi edged ahead on growth metrics, but both stocks slid after the report as SoFi kept EBITDA guidance flat and Robinhood faced crypto headwinds; year-to-date, SoFi is down ~42% and Robinhood down ~20%, though retail sentiment leaned bullish for both.

via Yahoo Finance|

#finance #fintech #growth

finance1 month ago•10 min saved

SoFi lifts revenue forecast as costs weigh on margins, shares slide

SoFi Technologies reported strong Q2 revenue growth (adjusted net revenue up 40% to a record $1.21 billion, ahead of estimates) with adjusted EPS of $0.12, as membership and products rose sharply. Net interest income climbed 52% to $788.2 million, but margins declined as costs grew, with Financial Services contribution margin down 600 basis points and Technology Platform revenue down 23% year over year. Lending originations hit a record $14.8 billion and deposits rose to $45.5 billion. The company raised full-year adjusted net revenue guidance to $4.75–$4.85 billion while keeping EBITDA, net income, and EPS guidance essentially unchanged. The stock fell about 4% in premarket trading.

via finance.yahoo.com|

#earnings #finance #margins

business1 month ago•21 min saved

SoFi tops earnings, but cautious outlook drags its stock

SoFi Technologies beat quarterly expectations on earnings and revenue and lifted its full-year net revenue outlook, but its guidance for the second half remains below Wall Street forecasts, prompting a sharp stock drop as investors weigh growth on the balance sheet against a muted outlook.

via MarketWatch|

#balance-sheet #business #earnings-results

finance1 month ago•18 min saved

SoFi bets big on balance-sheet lending as costs rise and investors pause

SoFi Technologies posted a strong Q2 with $1.2B in net revenue and $157M net income, raising full-year revenue guidance to $4.75–$4.85B and keeping adjusted EPS at $0.60. Total originations rose 69% year over year to $14.8B, led by personal loans (+54%) and student loans (nearly tripling), while deposits grew 37%. However, costs surged (noninterest expenses up $267M; sales and marketing up 48%), fueling questions about profitability as growth relies more on balance-sheet lending. Credit quality remained solid (personal-loan charge-offs around 3.7%), but investors worry about higher lending risk and valuation amid an uncertain Fed path. Management argues the revenue visibility justifies continued aggressive expansion.)

via Yahoo Finance|

#balance-sheet-lending #credit-quality #earnings

sports1 month ago•3 min saved

Notre Dame's jersey-patch deal tops Ohio State, fueling NFL ad era

Notre Dame reportedly inked a jersey-patch deal with SoFi worth about $18–$20 million per year, surpassing Ohio State's patch deal and illustrating how college programs are monetizing uniforms; the trend could push the NFL toward jersey ads as well, with revenue potentially shared with players via the NFLPA.

via NBC Sports|

#jersey-patch #nfl-jersey-ads #notre-dame

sports-business1 month ago•2 min saved

Notre Dame lands historic SoFi jersey patch deal

Notre Dame announced a six-year jersey sponsorship with SoFi, reportedly averaging $18–$20 million per year and becoming the most valuable jersey deal in college athletics; SoFi will be the official financial services partner with patches on all Fighting Irish uniforms and will launch the SoFi Champions Scholarship for walk-ons, as the program eyes the 2026 season after a 10–2 finish in 2025.

via On3|

#college-athletics #jersey-patch #notre-dame

sports1 month ago•2 min saved

Notre Dame secures SoFi jersey patch deal worth roughly $18–$20M per year

Notre Dame announced a front-of-jersey sponsorship with SoFi, adding patches on football uniforms (up to two patches per jersey, each no larger than four square inches) starting Aug. 1, plus a patch on equipment and an additional patch during conference championships. The deal is valued at about $18–$20 million annually, making it one of the largest jersey-sponsorships in college sports and helping offset rising roster and program costs. SoFi patches will appear alongside Under Armour, and Notre Dame will continue not to print players’ names on the backs of jerseys.

via The New York Times|

#college-football #jersey-patch #note-extra-tag-not-allowed-ensuring-5-tags-only

sports-business1 month ago•5 min saved

Notre Dame’s SoFi Jersey Patch Signals a Modern Era for College Sports

Notre Dame will wear SoFi-branded jersey patches across all sports starting in 2026–27 under a six-year, nine-figure deal—the biggest in college sports—framed as a strategic revenue stream to support student-athletes and modernize athletic departments, not a loss of tradition; the move reflects a broader shift toward sponsorships in college athletics, with SoFi also backing education initiatives and a walk-on scholarship program.

via Sports Illustrated|

#college-sports #jersey-patches #notre-dame

business2 months ago•12 min saved

SoFi Stock Jumps Following CEO Insider Buy and New Stablecoin Push

SoFi Technologies (SOFI) rose about 3.4% after hours after CEO Anthony Noto disclosed an additional purchase of 13,888 shares at a roughly $18.06 average, bringing his total stake to about 11.96 million shares. The move comes as SoFi pursues catalysts like the launch of SoFiUSD, the end of the Pattern Day Trader rule, and broader rotation into financials, with retail interest rising on Stocktwits. Despite being down ~46% from its 52-week high, SOFI has posted two straight weeks of gains amid improved sentiment and insider confidence.

via Yahoo Finance|

#business #insider-buying #retail-investors

business2 months ago•223 min saved

SoFi’s Growth Under Fire: From Fintech Darling to Wall Street Skeptic

SoFi, led by Anthony Noto, grew from a student-loan startup into a tech-forward bank with a broad product lineup and a near $40 billion valuation, but its stock slump and a scathing Muddy Waters report have investors questioning its accounting and profitability, blurring the line between a high-growth fintech and a traditional lender.

via Forbes|

#accounting #business #fintech

business3 months ago•135 min saved

SpaceX IPO Opens Retail Door Through Robinhood and Sofi, With High Demand and Platform Rules

SpaceX is preparing for its IPO with potential retail allocations reportedly up to 30%. Access is outlined for platforms like Robinhood, SoFi, and E-TRADE (as well as Schwab and Fidelity), with varying requirements (COB/IOI, eligibility questionnaires, and minimum balances). Allocation is not guaranteed due to expected high demand, while Goldman Sachs leads and Morgan Stanley is a key co-manager; BlackRock is considering a multi‑billion-dollar investment.

via Benzinga|

#business #e-trade #retail-investors

finance3 months ago•13 min saved

Mom Battles SoFi in Court to Erase a $55K Private Student Loan

A mother of two is suing SoFi to discharge a $55,000 private student loan after a mistaken “Congrats, your balance is $0” email coincided with a loan transfer, triggering a default and a lawsuit. Representing herself for two years, she uses AI to help draft filings and faces the emotional and financial toll, plus potential wage garnishment and credit damage if she loses. The story illustrates how confusing notices and loan ownership changes can push borrowers into lawsuits, a theme explored in Business Insider’s ongoing Student Debt Spiral coverage.

via Business Insider|

#consumer-finance #debt-relief #finance

business4 months ago•2 min saved

SoFi Holds Guidance Amid Macro Uncertainty as Growth Remains Strong

SoFi kept its full-year guidance unchanged due to macro uncertainty, with CEO Anthony Noto noting no rate cuts are expected this year. The quarter was strong—revenue growth, healthy margins, and the 18th straight quarter of meeting the Rule of 40—yet the cautious stance pressured the stock.

via CNBC|

#anthony-noto #business #guidance

business4 months ago•2 min saved

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.

via Seeking Alpha|

#business #deposit-funded-platform #q1-2026-earnings

business5 months ago•10 min saved

SoFi Pushes Back on Muddy Waters Report, Signals Possible Legal Action

SoFi Technologies issued a statement denouncing Muddy Waters' short-seller report as inaccurate and misleading and said it may pursue legal action. The company defends its GAAP-compliant financial reporting and regulatory status as a bank holding company overseen by the Federal Reserve and OCC, while accusing Muddy Waters of aiming to depress share value for short-selling profits. The release frames the report as investor deception and reaffirms SoFi’s commitment to transparency and shareholder value.

via SoFi|

#business #gaap #muddy-waters