Overview
- SoFi Technologies fell about 12% in December, according to S&P Global Market Intelligence data reported by Yahoo Finance.
- Analysts cited no single catalyst for the decline, pointing instead to a premium valuation and pressure from falling cryptocurrency prices.
- SoFi added roughly 905,000 new customers in the third quarter, a 30% year-over-year increase that lifted total membership to the multi‑million range.
- Adjusted net revenue rose 38% year over year in the third quarter and adjusted earnings reached $0.11 per share, up from $0.05 a year earlier.
- The company is broadening its platform with cryptocurrency trading and has discussed a SoFi stablecoin, while lower interest rates have supported its lending business.