TLDR
- SoFi reports Q1 FY26 earnings on April 29, before market open.
- Revenue is expected at ~$1.05 billion, roughly flat year-over-year.
- EPS is forecast to double to $0.12, up from $0.06 a year ago.
- Keefe Bruyette analyst Tim Switzer cut his price target to $17 and maintained a Sell rating.
- Wall Street’s consensus is Hold, with an average price target of $23.27 — implying 24% upside from current levels.
SoFi Technologies is set to post its first-quarter results on Wednesday, April 29, before the opening bell. The stock is down 28% year-to-date, weighed down by concerns over a soft mortgage market and the effect of elevated interest rates on loan demand.
Wall Street expects revenue of around $1.05 billion for Q1, nearly unchanged from the $1.04 billion reported in the same period last year. That said, earnings are forecast to jump — EPS is expected at $0.12, double the $0.06 posted in Q1 2025.
The implied revenue growth rate for the quarter stands at around 36.4% year-over-year, an improvement on the 32.7% growth clocked in Q1 2025. Analysts have largely held their estimates steady over the past 30 days, suggesting no major surprises are expected heading in.
SoFi has a track record of beating Wall Street. Last quarter, it reported revenues of $1.01 billion, up 37% year-over-year, and full-year EPS guidance came in ahead of expectations. That history is giving some investors reason for cautious optimism.
What Analysts Are Watching
Keefe Bruyette analyst Tim Switzer reaffirmed his Underperform rating on the stock and trimmed his price target to $17 from $20. He arrived at the new target by valuing SoFi’s lending, tech platform, and financial services segments separately.
Switzer flagged two specific concerns: the performance of SoFi’s loan securitizations, and the potential for balance sheet markings to pressure Q1 earnings. Neither is a new concern, but both carry real weight heading into the print.
TipRanks’ AI Analyst also sits at Neutral with a $17 price target. It cited improving profitability and strong guidance as positives, offset by persistent negative cash flow and weak technical signals. Valuation is flagged as elevated, with no dividend to support the price.
Investors will be focused on loan growth figures, credit quality data, and any updated guidance from management when results drop Wednesday morning.
Peers Offer Mixed Signals
A look at SoFi’s personal loan peers offers some context. FirstCash posted year-over-year revenue growth of 25.7% in Q1, beating estimates by 4.8%, and the stock rose 3.3% on the news. LendingClub reported revenue growth of 15.9%, topping estimates by 1.2%.
Sentiment across the personal loan sector has been broadly positive, with the group up around 13% on average over the past month. SoFi has outpaced that, rising 25% in the same window.
The stock currently trades around $18.94. The average analyst price target sits at $23.27, implying roughly 24% upside — though that average includes a wide range of views across five Buy ratings, eight Holds, and three Sells.
Q1 results are due before market open on Wednesday, April 29.
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