SoFi’s net income surges 134% with $12 billion in loan originations
SoFi Technologies has seen its shares decline 34.57% year to date, despite posting record quarterly loan originations of $12 billion. The company’s net income jumped 134% year over year.
The company’s Q1 2026 revenue of $1.10 billion beat estimates by 4.87%, with GAAP net income reaching $166.73 million. Loan originations hit a record $12.18 billion, up 68% year over year.
SoFi’s shares have stabilized recently, up 9.74% over the past month, but still sit 36% below the $32.73 high. The company’s price target is $19.10, implying 11.52% upside from the $17.13 close.