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SoFi shares fall in 2026 despite “exceptional” growth quarter
SoFi added 1.1 million new members in Q2 for a third straight quarter above 1 million, while loan originations reached a record $14.8 billion.
SoFi (SOFI) is extending a weak 2026 run, with shares down more than 30% for the year, even as the company reported strong recent results that its CEO described as “nothing short of an exceptional quarter,” according to Yahoo Finance.
In the quarter, SoFi added 1.1 million new members, marking the third consecutive quarter it topped one million net additions. The company also said its cross-sell rate improved, with product openings rising at roughly twice the pace of new members, and more than half of new products opened by existing members.
SoFi’s performance included record loan originations of $14.8 billion, and momentum in its SoFi Plus subscription, which crossed 200,000 subscribers in the quarter, implying annualized revenues of $24 million. Management said it is hopeful that SoFi Plus could reach 1 million subscribers within a year.
Yahoo Finance reported that the disconnect with the stock price reflects investor skepticism despite growth, pointing to the shares struggling to decisively break above about the $20 level for more than six months.
The outlet also noted that adjusted revenues rose 40% year over year in Q2 as strong member and cross-sell trends flowed through to earnings, though its article text cuts off after beginning to describe adjusted earnings before interest and tax.