SOFI is trading at $16.07 (12.45% down) today as the loss of a major tech platform client pressures future margins, reversing a pre-market surge following record Q1 2026 results.
- The company reported $1.1B in revenue (up 43% YoY) and $167M in net income, beating analyst expectations and driving shares to $18.54 in pre-market trading.
- Broader market weakness and a tech sector selloff linked to OpenAI growth concerns are adding downward pressure, while modest gains in cryptocurrency suggest the decline is driven by company-specific and macro-tech factors.