Citizens sues SoFi as fights over talent, pipelines persist

SoFi Technologies (SOFI) shares are down 31% YTD despite strong revenue growth. Analysts are mixed, with 10 rating it a buy, 14 a hold, and 5 a sell. Piper Sandler's $22 price target cites cross-selling success and a young, credit-worthy customer base. The company reported $1.2B in Q1 revenue, up 40% YoY, and raised full-year guidance to $4.75B-$4.85B, but kept earnings guidance unchanged.

Jim Cramer discussed SoFi Technologies' (SOFI) recent volatility despite strong earnings, citing its 40% revenue growth and raised guidance. He noted risks like valuation and credit quality. Hedge funds hold stakes, with D E Shaw as the largest. Short interest is 13.54% of the float.

SoFi (SOFI) reported Q2 earnings exceeding expectations, with record revenue, profitability, members, and cross-buying. Despite strong results, the stock has not reached new highs. Data as of Sept. 3, 2026.

SoFi reported record Q2 results with revenue up 40% to $1.2B, adjusted EBITDA up 44%, and net income at $157M. Despite raising full-year revenue guidance, the stock fell 10% due to steady profit guidance, reflecting increased spending on growth initiatives. The company's cross-buy rate improved to 51% from 35% over the past year, indicating successful reinvestment.

SoFi Technologies and Kraken's parent company, Payward, announced a partnership to connect Kraken to SoFi's dollar settlement network and add SoFi's stablecoin, SoFiUSD, to Kraken. This will allow Kraken's institutional clients to clear and settle U.S. dollar transactions at any time, and SoFi will use Kraken Prime for additional liquidity. The deal also includes listing SoFiUSD for retail, professional, and institutional customers on Kraken.

SoFi Technologies and Kraken's parent company, Payward, have partnered to connect their products. Kraken's institutional clients will use SoFi's dollar settlement network, and SoFi will use Kraken Prime for digital asset liquidity. SoFi's stablecoin, SoFiUSD, will be added to Kraken's platforms. According to experts, this partnership reflects the growing integration of digital assets into traditional banking.