SoFi Just Posted Record Growth and Profitability -- So Why Is the Stock Down 10%?

SoFi Technologies reported record second-quarter results with $1.2 billion in revenue (up 43% YoY), 1.1 million new members, and strong earnings per share of $0.12, all exceeding analyst expectations. However, the stock fell approximately 10% following the announcement due to investor concerns about near-term profitability. While management raised full-year revenue guidance, they held adjusted EBITDA and EPS guidance constant, citing expectations of two rate hikes instead of rate cuts, which dampened investor enthusiasm despite the company's strong operational performance.