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SoFi shares drop 13% despite Q1 revenue beat due to cautious guidance

Company Fundamentals
29 Apr 2026
Proactive Investors
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Bearish
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SoFi Technologies reported Q1 2026 revenue of $1.1 billion, beating estimates with 43% year-over-year growth and a tenth consecutive profitable quarter. Despite strong earnings and record loan originations, shares fell over 13% after management issued cautious guidance for Q2 and full-year revenue growth around 30%. The company highlighted growth in user base, fee-based revenue, and improved funding efficiency but tempered investor expectations with modest margin forecasts.

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