Why Is SOFI TECHNOLOGIES IN (SOFI) Stock Moving Today?

SOFI stock is moving lower by 9.4% as of early Tuesday trading despite beating second-quarter profit targets. The drop follows the company's earnings report which showed record revenue and profitability but failed to impress investors due to restrained profit guidance. The stock opened at $16.75 and has since fallen to $15.55, with a session low of $14.88 and volume reaching 130.9 million shares.

What Happened

SoFi Technologies reported second-quarter 2026 results that included 40% year-over-year adjusted net revenue growth, record loan originations, and continued growth in members and products. The company raised its full-year 2026 revenue guidance to a range of $4.75 billion to $4.85 billion, up from $4.655 billion. However, investors were disappointed by the company's unchanged profit guidance, which led to a sharp decline in the stock price. The CEO highlighted progress in cross-buy and SoFi Plus membership, but the market reacted negatively to the perceived lack of aggressive forward-looking metrics.

What The Data Shows

The stock has traded within a 52-week range of $14.92 to $32.73, with a market cap of $21.7 billion and a P/E ratio of 37.6. Intraday trading showed a high of $17.30 at 7:00 AM ET and a low of $14.88 at 10:15 AM ET. The session volume of 130.9 million shares is 1.8 times the 3-month daily average. Recent insider transactions show more selling than buying, with 5 sells totaling $2.4 million and 2 buys totaling $500,000 over the last 90 days. Options activity also shows a significant skew toward call options, with a total call premium of $15.3 million compared to $374,000 in put premiums.

What To Watch

SoFi has no scheduled earnings date in the near term, but investors will continue to monitor coverage breadth and the company's ability to meet its revised 2026 revenue guidance.