SoFi Shares Drop 9% After Q1 Earnings Despite Revenue Beat
SoFi Technologies (SOFI) reported Q1 2026 adjusted net revenue of $1.1B, up 41% YoY, and record loan originations of $12.2B, but shares fell 9% premarket due to concerns over its Galileo platform revenue decline and deteriorating credit metrics. The sell-on-beat pattern appears to be repeating as investors worry about aggressive lending in a weakening consumer environment.
Topics: Consumer Cycle Earnings Beat Galileo Platform Revenue Loan Originations Market Reaction Stock Price Drop