SoFi just smashed Q2 earnings with record revenue and profits—but the stock plunged 40%. Adjusted net revenue jumped 40% to $1.2 billion, EBITDA surged 44%, and EPS climbed 50% to 12 cents. Loan originations spiked 69%, while new customers rose 35% to 1.1 million, with customers averaging two new products per account. Brokerage revenue exploded 141% after participating in SpaceX’s IPO. Despite stellar growth and a seemingly reasonable 19x forward P/E, the market reacted negatively—mainly because profit guidance stayed flat even as revenue outlook improved. Management cited higher expected interest rate hikes and reinvestment into growth as key reasons. This underscores how volatile markets can be—even when fundamentals are strong, stocks may dip, reminding investors that patience and long-term vision matter more than short-term noise.
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