SoFi Delivers Record Quarter, Yet Stock Plunges as Investors Question Growth Spending
SoFi Technologies (SOFI) reported a record-breaking second quarter on Wednesday, July 29, 2026, with revenue, member growth, and loan originations all hitting all-time highs. Despite beating analyst expectations on both the top and bottom lines, the fintech's stock fell more than 9% in trading, as investors focused on the company's decision to maintain its full-year profit guidance while significantly raising its revenue outlook