$SoFi Tech(SOFI.US)Background:SoFi’s business still growing quite fast lah. Q2 2026 revenue increased 40% YoY to a recor…
$SoFi Tech(SOFI.US)
Background:
SoFi’s business still growing quite fast lah. Q2 2026 revenue increased 40% YoY to a record US$1.2B, with members growing 35%. But the share price has dropped about 42% this year because investors worry about profitability, rising interest rates and loan-related risks. Q3 results are due on 27 Oct 2026.
My trade: Bought at an average cost of US$20.342.
Takeaway:
I would hold for now, but don’t average down yet. At around US$15, I'm sitting on roughly a 26% paper loss. The business is still growing, but the market wants to see profit growth catch up with revenue. Some analysts are bullish, while others remain bearish ahead of earnings.
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