By Manya Saini
April 29 (Reuters) - SoFi Technologies (SOFI.O) on Wednesday kept its 2026 revenue forecast unchanged, which overshadowed its record first-quarter results driven by strong loan and member growth, sending its shares down 8% before the bell.
The reiterated forecast comes as macro uncertainty persists, even as loan demand picks up across lenders, with U.S. consumers and the broader economy remaining resilient despite higher oil prices amid Middle East tensions and still-high interest rates.
SoFi continues to expect full-year profit of 60 cents per share on revenue of about $4.66 billion, in line with Wall Street expectations, according to data compiled by LSEG.
Total loan originations at SoFi rose to a record $12.2 billion in the three months ended March 31, driven by strong growth across its personal, student and home segments.
Its member growth was up 35% to a record 14.7 million in the first quarter from a year ago.
“The health of our consumer base remains strong. We saw record loan growth in the first quarter with strong demand expected for the second quarter,” SoFi CEO Anthony Noto told Reuters.
He added that point-of-sale debit spending continues to be strong and credit performance is in line with expectations.
SoFi has sought to disrupt traditional banking with products ranging from IPO investing to credit cards and savings accounts via a digital-first platform.
“If you look at legacy banks, they are constrained by fragmented, decades-old systems,” Noto said, adding that SoFi is gaining market share.
Fintech firms have focused on younger, tech-savvy customers by offering mobile-first platforms, low fees and a wide range of services in a single app.
SoFi’s net interest income - a measure of lending profitability - increased 39% to $693 million in the first quarter, while its total fee-based revenues rose 23% to $386.8 million.
First-quarter profit surged to 12 cents per share, compared with 6 cents a year earlier. Its adjusted revenue rose 41% to a record $1.1 billion.

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SoFi's unchanged 2026 revenue forecast eclipses record first-quarter results