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SoFi stock drops 36% YTD but shows strong earnings growth and expanding financial services.

Analyst Insights
12 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

SoFi Technologies' stock has fallen 36.33% year to date, underperforming the tech-heavy QQQ, but the company is showing strong financial growth. In Q1 2026, SoFi's net income surged 134.45% year over year, with adjusted EBITDA margins at 31%, and management projects continued revenue and earnings growth through 2028. The company’s $40.24 billion in deposits fund over 90% of liabilities, supporting rapid loan growth and a strong balance sheet. Innovations like SoFiUSD stablecoin and new loan partnerships add future growth potential, despite some challenges in the technology platform segment. CEO Anthony Noto’s recent stock purchases signal confidence, and the company’s expanding member base and product cross-selling support a positive outlook amid market volatility.

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