SoFi Stock Slides as Investors Question Blowout Quarter

SoFi ( (SOFI) ) has fallen by -11.59%. Read on to learn why.

SoFi Technologies shares fell 11.59% over the past week despite delivering what many analysts called a “blowout” fourth quarter. The stock initially jumped after the company beat expectations with $1.01 billion in quarterly revenue, record adjusted EBITDA of $318 million, and the addition of 1 million new members, bringing its total to 13.7 million. Options trading surged, with volume more than doubling the daily average and call activity outpacing puts, highlighting intense short‑term interest and speculation around the name.

The pullback appears driven less by fundamentals and more by sentiment and positioning. While SoFi guided 2026 revenue and EBITDA above Wall Street forecasts and projected solid Q1 2026 results, some investors remain wary of recent equity dilution, which raises concerns about how much existing shareholders may be watered down as the company funds its growth. Options markets also show a steeper put‑call skew, indicating rising demand for downside protection even as implied volatility has cooled from pre‑earnings levels.

Analysts, however, remain broadly constructive. William Blair labeled the quarter “nothing short of exceptional,” arguing that SoFi’s high incremental margins suggest it is moving firmly into a more profitable phase and calling the future of banking “SoFi.” Mizuho reiterated an Outperform rating with an aggressive price target, saying the strong beat and upbeat guidance should offer a “sigh of relief” after a choppy year-to-date performance. For investors, the recent 11.59% slide sets up a classic tension: robust growth and improving profitability versus ongoing worries about valuation, dilution, and continued volatility in the stock.