SoFi: More Wall St. Games

Summary

• SoFi Technologies delivered 41% YoY revenue growth, and record loan originations.
• The flywheel effect and SoFi Plus adoption drove robust member and product growth, providing a recurring revenue stream for the future.
• The fintech guided conservatively due to adopting the view of up to 2 Fed rate hikes this year versus original expectations of rate cuts.
• The stock is cheap trading at just 13x 2026 adjusted EBITDA targets while consensus estimates project strong growth into 2028, including 52% EBITDA growth this year.