SoFi Just Posted Another Quarter of Fast Growth. What Has to Happen Next for the Stock to Follow?

SoFi Technologies reported strong Q2 2026 results with 40% year-over-year revenue growth and 65% adjusted net income growth, reaching 15.8 million customers. However, the stock has declined 30% over the past year and trades 45% below its November 2025 peak. The primary concern for investors is credit risk, particularly from rapid growth in personal loan originations ($10.7 billion in Q2, up 54% YoY), which now represent 72% of total originations. While loan performance remains solid with a 3.7% net charge-off rate, continued strong quarterly results are needed to restore investor confidence.