{
  "id": 17839369,
  "title": "SoFi Added a Record 1.2 Million Members Last Quarter. Its Stock Is Still Down More Than 30% in 2026.",
  "url": "https://urgent.news/2026/11/02/sofi-added-a-record-1-2-million-members-last-quarter-its-stock-is",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T19:00:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/02/sofi-added-record-12-million-members-last-quarter/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "During the third quarter ending in September, SoFi Technologies added a record 1.2 million new members, raising its total customer base to more than 17 million. Despite this impressive growth, the company's stock has declined more than 33% year to date and 40% since last October's peak. SoFi is an online bank offering a range of services similar to traditional brick-and-mortar banks, including checking, savings, lending, credit cards, and investments. The company's revenue grew by 44% year over year in the last quarter, and its per-share profit increased by 64%, from $0.11 to $0.18.\n\nHowever, the recent stock decline is attributed to several factors. One of them is the loss of a key third-party user of SoFi's technology platform, which resulted in a 27% decline in this business's revenue during the first quarter of this year. Additionally, a damaging report from a well-known short-seller suggested that the company's balance sheet was misleading, and management's decision not to raise its full-year profit guidance in Q1 and Q2 reports were also seen as red flags.\n\nDespite these issues, SoFi's management recently raised its 2026 earnings outlook from $0.60 to $0.61 per share, which seems to have put the stock back on its bullish long-term track. However, the company has always been considered volatile, and investors should be prepared for continued price fluctuations.",
  "summary": "Investors have had to ignore several rounds of healthy numbers to remain convinced of their wrong conclusion. They can't afford to continue doing so, though.",
  "key_points": [
    "SoFi added 1.2 million new members in Q3, reaching 17 million customers",
    "Stock down more than 33% year to date, 40% since October peak",
    "Revenue grew 44%, profit per share increased 64%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}