Key TakeawaysFirst-quarter revenue reached $1.1 billion, representing a 42.8% annual increaseEarnings per share (adjusted) of $0.12 aligned with Wall Street forecastsFiscal 2026 revenue projection of $4.655 billion marginally exceeded consensus, failing to excite the marketSecond-quarter outlook for both revenue expansion and EBITDA margin fell short of analyst targetsShares declined approximately 8.5% during pre-market hours after the earnings releaseSoFi Technologies delivered a solid first-quarter performance that surpassed revenue projections, yet investors responded with a significant selloff. While the quarterly metrics impressed, the company’s forward-looking statements left the market wanting more.$SOFI Q1’26 EARNINGS HIGHLIGHTS Revenue: $1.10B (Est. $1.05B) ; +43% YoY EPS: $0.12 (Est. $0.12) ; +100% YoY Adjusted Net Revenue: $1.087B; +41% YoY Adjusted EBITDA: $339.9M; +62% YoY Members: 14.7M; +35% YoY Total Loan Originations: $12.2B; +68% YoYFY… pic.twitter.com/XKEWfsMyz8— Wall St Engine (@wallstengine) April 29, 2026The fintech platform generated $1.1 billion in revenue, marking a 42.8% jump from the prior year and exceeding analyst estimates of $1.05 billion by 4.7%. On the earnings front, adjusted EPS landed at $0.12, matching predictions perfectly. The company achieved a record adjusted EBITDA of $340 million, climbing 62% with margins reaching 31%.Membership growth remained robust, with SoFi welcoming a record 1.1 million new users during the three-month period. The platform’s total membership base expanded to 14.7 million, representing 35% year-over-year growth. Product adoption surged to 22.2 million, up 39%.SoFi Technologies, Inc., SOFILending activity proved particularly impressive. Overall loan originations climbed to a record $12.2 billion, surging 68% annually. Personal lending dominated with $8.3 billion in volume, while student loan refinancing contributed $2.6 billion and mortgage originations added $1.2 billion.Chief Executive Anthony Noto characterized the results as “an excellent Q1,” emphasizing sustainable expansion and robust profitability. He highlighted that 43% of new product adoptions originated from current customers, demonstrating successful cross-selling and platform stickiness.Forward Outlook Triggers Investor ConcernsDespite the impressive quarterly performance, the company’s future projections triggered the stock decline. The full-year 2026 revenue forecast of $4.655 billion edged out the analyst consensus of $4.651 billion by the slimmest of margins. This negligible outperformance failed to inspire confidence.For the second quarter, SoFi projected adjusted net revenue growth of approximately 30% alongside an adjusted EBITDA margin near 30%. Both metrics underwhelmed analyst expectations, catalyzing the market’s negative reaction.Shares plummeted 8.45% in early trading, settling at $16.83.Annual Projections Remain UnchangedLooking at the complete fiscal 2026 picture, SoFi reaffirmed its financial objectives. The leadership team anticipates adjusted EBITDA approaching $1.6 billion with adjusted net income near $825 million. This translates to projected adjusted EPS of approximately $0.60.First-quarter pre-tax profit registered at $199.6 million, yielding an 18.1% margin.Historically, SoFi has demonstrated impressive expansion, compounding revenue at a 39.2% annual rate over five years. The two-year compounded growth rate stands at 33.7%, moderately below the longer trajectory but still reflecting substantial momentum.Following the earnings announcement, shares traded at $16.83, down from the previous close of $18.36.The post SoFi Technologies (SOFI) Shares Tumble 8% Despite Strong Q1 Revenue Performance appeared first on Blockonomi.