SoFi Added a Record 1.2 Million Members Last Quarter. Its Stock Is Still Down More Than 30% in 2026.

SoFi Technologies reported strong Q3 results with 44% year-over-year revenue growth to $1.38 billion, record customer additions of 1.2 million, and 64% earnings growth. Despite these impressive metrics and reaching 17 million total members, the stock remains down 33% year-to-date, suggesting investors overreacted to earlier bearish headlines about technology platform losses and balance sheet concerns. The author argues the disconnect between fundamentals and stock performance should now correct.