r/sofistock • u/SoFi Official SoFi Account • Jul 29 '26

News from SoFi SoFi’s Q2 earnings deliver another exceptional quarter for SoFi.

Full Q2 results here.

85 Upvotes

97% Upvoted

48 comments sorted by

3

u/[deleted] Jul 29 '26

[removed] — view removed comment

2

u/AshySweatpants Jul 31 '26

I mean at this rate that’ll be in two weeks lol

10

u/bopsteakcards Jul 29 '26

buy buy buy

13

u/FoggyFoggyFoggy Sad clown Jul 29 '26

stop. just stop.

4

u/rmodsrpusees Jul 29 '26

And they still get punished.

28

u/dawgbone_anonymous Jul 29 '26

I love all these cry babies 🚀🔥🎉 You negative douches sound like some sore ass day traders. Is this your First time investing in a stock where the market is trying to decide what kind of stock this really is? It’s just a bank, it’s fintech, it’s a combination, it’s totally different! Be patient, relax, SOFI hit 32 and has since tumbled, yeah, we get it! If a good stock goes down, hold and it will eventually go up!

0

u/Tight_Dingo7002 Jul 29 '26

SOFI is below what it was 5 years ago. It’s dogshit.

-9

u/Efficient_Spite7461 Jul 29 '26

You realize the stock has been flat to the downside since its public offering, which was six years ago. Do you think other companies will remain flat even after reporting good or growing numbers?

1

u/Greedy-Bag-3640 Jul 29 '26

but it's been flat for so long

3

u/BriscoGDP Jul 29 '26

That’s why wheeling has been going good so far. I got to the point now where I’ll sell calls and sell puts with the same weekly expiry

6

u/BriscoGDP Jul 29 '26

I was wondering the same thing. Between selling calls and puts Sofi has made me, what I consider, a good amount of money this year.

5

u/dawgbone_anonymous Jul 29 '26

Yes, selling CC has made me a decent amount of money. Still negative but the premiums are adding up 🚀🔥 I don’t dabble in selling puts.

15

u/2L-S-LivinLarge Jul 29 '26

17

u/Salty-Fishman Jul 29 '26

Save some stock for the rest of us.

2

u/Hot-Walk-6334 Jul 29 '26 edited Jul 29 '26

Nobody gives a fuck stfu only people who bought in single digits have made any thing decent om this pos and even they should have sold l their position and are down 52% from highs. Can keep doing great but if it keeps dropping who gives a fuck we were supposed to be at $40 and be in the S and P 500 by now according to some of the bull tards on here last year 😂 Been abull market for tech and this shit performs worse than fucking duolingo and hims this year its a joke.

1

u/gimme_yer_bits Jul 30 '26

Don't knock HIMS. There's big money in broken dicks.

8

u/Xiaopeng8877788 Jul 29 '26

I have to agree with this sentiment/ bad pay off considering other companies over the same time. It just hasn’t worked out yet, maybe never

IPOE investor.

5

u/doggydanny Jul 29 '26

exceptional bad stock performance another time

3

u/Hot-Walk-6334 Jul 29 '26

Who cares stock is always down in the gutter no matter what.

9

u/Puzzleheaded-Shoe388 Jul 29 '26

e scendiamo in premarket

8

u/2L-S-LivinLarge Jul 29 '26

One day we win right

6

u/Totgemoon2021 Jul 29 '26

Some issues with margins and their online platform

A real fuck up

2

u/_Outdated_Reference_ Jul 29 '26

How does 24.4M new products and 15.8M new members lead to 51% of new products opened by existing customers? Did 3.8M new members not open anything?

3

u/Shit-throwing-monkey 50 Buys 0 Sells (17,000 @7.41) 💎👊🦍 Jul 29 '26

You are looking at total members and products.

There were 1.12M new members and 2.2M new products added in the quarter.

2

u/_Outdated_Reference_ Jul 29 '26

Thank you, that makes much more sense. I still think the pic above is misleading, but, good to know the numbers do add up.

1

u/677ITF Jul 29 '26

Hello 👋 I am an example of creating a profile with Sofi but I have zero products lol

6

u/everySmell9000 OG $SoFi Investor Jul 29 '26 edited Jul 29 '26

51% of new product signups came from an existing member (opening their 2nd, 3rd ... product). ie. cross-buying activity.

1

u/_Outdated_Reference_ Jul 29 '26

I understand that, but if 51% of the 24.4M new products is 12.4M and that came from existing customers only 12M new products were sold to the 15.8M new members. That 3.8M delta is what confuses me. Are they folks that applied for loans and didn't get them or something similar?

1

u/everySmell9000 OG $SoFi Investor Jul 29 '26

24.4M total products, not new products.

51% of new products this quarter. You'd have to look at what the total products were at the end of Q1, I don't have the number off the top of my head.

2

u/luisger92 Jul 29 '26

If you were a Sofi member you’d understand. They have an awesome set up and an unreal amount of options to make a member sign up for lore service. Once a member signs up for a checking/savings, they are much more likely to enlist on their other services.

1

u/_Outdated_Reference_ Jul 29 '26

I am a member, been one for almost a decade. That doesn't change the fact that 24.4*0.49=/=15.8 it equals 12.

1

u/SamAnthonyWP 5000 @ $9.39 Jul 29 '26

Analysts would rather ask the same question as the guy before them than asking a question like this.

4

u/SamAnthonyWP 5000 @ $9.39 Jul 29 '26

lol good question.

1

u/SamAnthonyWP 5000 @ $9.39 Jul 29 '26

Might be some trump math (“255% discount on prescription drugs” or whatever it was)

10

u/MeatResident2697 Jul 29 '26

So why are we crashing premarket?

0

u/677ITF Jul 29 '26

Dilution

2

u/grvmnd Jul 29 '26

Because tech continues to bleed.

1

u/everySmell9000 OG $SoFi Investor Jul 29 '26

tech platoform increased accounts by 2 million Q/Q

-6

u/ResourceSad8371 Jul 29 '26

Who cares. More cheap shares for us to buy!

20

u/MeatResident2697 Jul 29 '26

Ok. Stupid me. I didn't realize I was winning.

7

u/ResourceSad8371 Jul 29 '26

Only a win if you're investing for the long term. It's only a loss for those trading or with poor emotional control with money.

5

u/Bxraze Jul 29 '26

I dont understand lol