SoFi Technologies experienced a share price decline following the announcement of record first-quarter results. The company maintained its 2026 revenue forecast, overshadowing strong loan and member growth.
Despite macro uncertainties and high interest rates, consumer and economic resilience persist. SoFi's outlook remains at 60 cents per share profit on approximately $4.66 billion in revenue, aligning with market expectations.
Analysts noted that SoFi did not elevate its 2026 guidance despite first-quarter financial upside. Total loan originations reached a record $12.2 billion, boosted by personal, student, and home loan segments. Member growth climbed 35% to a record 14.7 million.
SoFi CEO Anthony Noto affirmed the strength of their consumer base and continued demand for loans. The company, aiming to disrupt traditional banking with a digital-first platform, reported a 39% surge in net interest income to $693 million and a 23% rise in fee-based revenue to $386.8 million. First-quarter profit doubled to 12 cents per share on adjusted revenue of $1.1 billion.