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Home/Credit & Lending/SOFI

SoFi’s new $3.6 billion in loan partnerships arrives as investors question the quality of its earnings

AT

Adrian Thorne

SoFi · Apr 9, 2026

SoFi’s new $3.6 billion in loan partnerships arrives as investors question the quality of its earnings

Source: DojiDoji Data Terminal

SoFi’s new $3.6 billion in loan partnerships arrives as investors question the quality of its earnings.

Related Brief1d ago
digital banking

Short-seller allegations and loan pool performance weigh on SoFi valuation

SoFi shares have sold off about 38% year-to-date. The decline is driven by a combination of valuation concerns, macroeconomic worries, and rising competition. Keefe Bruyette analyst Tim Switzer has trimmed his price target for SOFI stock from $20 to $17, citing investor concerns about the worsening performance of the company's securitizations. Switzer expects possible pressure on Q1 earnings from changes to how the company marks the assets on its balance sheet. These concerns are joined by allegations from short-seller Muddy Waters, which called the company a "financial engineering treadmill" and alleged accounting malpractices that inflated financials. Muddy Waters has called for more than $312 million in loans on the company's balance sheet to be restated.

The $3.60 billion in new personal loan delivery commitments across three major partnerships generates capital-light, fee-based revenue for SoFi. This kind of growth does not require SoFi to hold the loans on its balance sheet, reducing capital strain while increasing platform revenue. The deals signal that major financial institutions are still willing to partner with SoFi — a vote of confidence that arrives at a critical moment.

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fintech

SoFi's 46% Upside Potential Outpaces PayPal's 11% Target

Retail investors seeking growth in the fintech sector are facing a 35 percentage point gap in analyst price targets between SoFi Technologies and PayPal. SoFi's average price target of $23.88 indicates a 46.06% upside potential. PayPal's average price target of $50.75 indicates an 11.06% upside potential. Both companies carry Hold ratings from analysts. SoFi offers a higher upside potential than PayPal.

It comes as a short seller report alleges aggressive accounting practices, raising doubts about the sustainability and transparency of SoFi’s lending economics. SoFi has firmly denied the allegations, pointing to these same loan platform wins as proof of institutional trust in its operations.

Related Brief23h ago
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SoFi's Balance Sheet Questions Now Drive a 46% Upside Potential

SoFi stock has fallen 38% year-to-date. The decline is driven by a Muddy Waters report alleging accounting issues and describing the company as a 'financial engineering treadmill.' Muddy Waters called for over $312 adalah $312 million of loans to be restated. This has fueled questions regarding the strength of the seorang person's balance sheet and loan book. Keefe Bruyette lowered its price target to $17 with an Underperform rating, citing deteriorating credit metrics in securitizations and potential Q1 earnings pressure from fair-value marks. Wells Fargo lowered its price target to $18. The average analyst price target of $23.88 implies roughly 46% upside from current levels.

Yet the partnerships do not resolve the core tension: whether SoFi’s earnings reflect durable cash-generating power or accounting outcomes that outpace underlying loan performance. The company’s projected $5.1 billion in revenue and $954.1 million in earnings by 2028 now rest on both sides of that divide.

Related Brief2d ago
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Higher March Hiring Now Limits 30-Year Mortgage Rates' Descent

The national average for a 30-year fixed-rate mortgage is 6.41%. This rate remains relatively high because stubborn inflation has kept the Federal Reserve from lowering its benchmark rate throughout 2026. Higher-than-expected hiring in March, which added 178,000 new jobs to the economy, increases the likelihood that the Federal Reserve will hold rates steady at its next meeting.

Even within analyst consensus, the range is wide. The most pessimistic forecasts project only $4.9 billion in revenue and $755 million in earnings by 2028. The gap isn’t just about growth — it’s about trust in the numbers.

Related Brief3d ago
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SoFi’s 6,100-Employee Workforce Now Serves 2,200 Customers Per Worker as Productivity Outpaces Peers

Each SoFi employee now serves approximately 2,200 customers, a jump from 1,800 in 2023, as the company’s 6,100-person workforce supports 13.7 million members. The shift reflects more than just growth — it signals a structural gain in operational efficiency. SoFi generated $4.77 billion in revenue in 2025, translating to $781,900 in revenue per employee, up from $720,000 the year before. That figure surpasses the $500,000–$650,000 average among fintech peers. The company’s digital-first model, anchored by its vertically integrated technology platform — combining Galileo and Technisys — allows for leaner staffing and higher output per worker. Automation and AI tools have boosted productivity by over 10% since 2023, reducing manual workloads across customer service, engineering, and product teams. Faster response times, shorter release cycles, and rising fee-based revenue all feed into a model where each hire delivers more. SoFi’s workforce expansion — growing 22% year-over-year into 2026 — is not just keeping pace with customer growth. It’s amplifying it. The company’s transformation from a student loan refiner to a full-scale digital bank is now fully operationalized: more customers, more revenue, and more output per employee.

Investors must now weigh tangible partnership growth against unresolved concerns about loan performance and non-cash earnings transparency.

Related Brief3d ago
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Robinhood Shares Plunge 51% After Trading 48% Above Fair Value

Robinhood shares fell to $71.83 on April 9, 2026, after trading 47.83% above their calculated Fair Value in November 2025. The stock had traded at $147.11 in early November 2025, while InvestingPro's Fair Value estimate stood at $76.75. Following this overvaluation, shares declined 12.5% in November, 12% in December, 12% in January, and 23.8% in February 2026. The stock price ended the decline at $71.83.

SoFi

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