SoFi Technologies reports $166.73 million GAAP net income, up 134% YoY, as loan originations surge 68% to $12.18 billion.
SoFi Technologies (NASDAQ:SOFI) shares have fallen 37.13% year-to-date, contrasting with a 134% year-over-year increase in Q1 2026 GAAP net income to $166.73 million. Loan originations rose 68% to $12.18 billion, while members grew 35% YoY.
The company’s profit margins outpace competitors like LendingClub and Upstart, with a 14.8% profit margin and 18.3% operating margin. Full-year guidance projects $4.655 billion in adjusted net revenue and $0.60 in adjusted EPS, targeting a 38% to 42% EPS CAGR through 2028.
SoFi trades at a forward P/E of 28 and a PEG ratio of 0.81, reflecting a disconnect between its stock performance and fundamentals ahead of its July 29 Q2 earnings report.