Key TakeawaysShares of SoFi Technologies tumbled 13% Tuesday, after it said it was planning to sell up to $862.5 million in convertible bonds.The online financial services company will offer $750 million in convertible senior notes due March 2029, and buyers will have an option to purchase $112.5 million more.SoFi said it will use part of the proceeds to pay for capped call transactions to limit the dilution to shareholders of the convertible bond offering. Shares of SoFi Technologies (SOFI) tumbled 13% Tue ...

SoFi (NASDAQ:SOFI) stock is taking a tumble after the company announced a private offering of $750 million in convertible senior notes due in 2029. The initial purchasers of the note, which are limited to qualified institutional investors, will have an option to purchase an additional $112.5 million of the notes.“The notes will be unsecured, unsubordinated obligations of SoFi, will accrue interest payable semi-annually in arrears and will mature on March 15, 2029, unless earlier repurchased, redeemed or con ...

In this video, I will explain why SoFi Technologies (SOFI -8.97%) dropped 10% on Tuesday when the market opened and why I remain extremely bullish on the long-term trajectory of the company.*Stock prices used were from the trading day of March 5, 2024. The video was published on March 5, 2024. ...

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (“SoFi”) (NASDAQ: SOFI) today announced its intention to offer, subject to market and other conditions, $750 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). SoFi also intends to grant the initial purchasers of the notes an option to ...

Lemon_tm My Investment Thesis In my opinion, SoFi Technologies, Inc. (NASDAQ:SOFI) stock looks like a fairly high-quality growth company with operating and financial metrics that point to high investment attractiveness for at least the next few years. The company's business has gained momentum in recent quarters: After reporting a net profit for the 1st time (Q4 FY2023) in its history, SOFI's diversification efforts are finally starting to show their first real results. I believe the business will continue ...

Cathie Wood became an investing hero when her exchange-traded funds (ETF) that focus on disruptive technology stocks zoomed higher early in the pandemic, outperforming the market and delivering incredible gains for shareholders.That changed in the bear market when investors dumped growth stocks and ran toward safe stocks. But as the market has swung back firmly into bull territory, many of Ark Invest's funds are outperforming again. Ark has been scooping up shares of digital bank SoFi (SOFI 7.14%) stock rec ...

Company and Industry Overview * **Company**: SoFi Technologies, Inc. (NASDAQ: SOFI) * **Industry**: Fintech, Payments, Lending, and Financial Services Key Points Financial Guidance * **2024 Growth**: * Tech platform and financial services to grow 50% YoY, reaching 50% of total revenue. * Lending to grow slightly slower, with a conservative approach due to macro uncertainty. * 3-year CAGR expected to be 20-25% across the entire business. * **2023-2026 Outlook**: * Financial services to grow 50% CAGR, driven by deposit growth and net interest income. * Tech platform to grow 25% CAGR, driven by existing and new customers. * Lending to grow 20-25% CAGR, with a conservative approach in 2024 and acceleration in 2025-2026. Lending Segment * **2024 Lending**: * Revenue to be 92-95% of 2023 revenue. * Personal loans originations flat to down. * Student loan refinancing to grow modestly. * Home loans to grow correlated with rates. * **2025-2026 Lending**: * Expected to see acceleration in growth once macro visibility improves and rates stabilize. Financial Services * **2024 Financial Services**: * Expected to grow 75% YoY. * Deposit growth to continue, with 65% of loans funded by deposits. * Net interest income (NIM) margins to remain healthy, north of 5%. * **Tech Platform**: * Expected to grow 20% YoY in 2024. * Shifted focus to larger financial institutions and brands with large installed bases. * Expansion in 17 different countries across North America, Canada, and South/Central America. Other Key Points * **Brand Awareness**: * Unaided brand awareness has grown from 1-2% to upper single digits over the past few years. * Investments in brand and marketing have driven efficiency and cross-buy. * **Credit Quality**: * Expect losses to return to pre-pandemic levels of 7-8% life of loan losses in early/mid 2024. * Proactive credit cuts have been made to maintain healthy loss rates. * **Capital Ratios**: * Risk-based capital ratio to remain north of 14% in 2024 and 2025. * Well above regulatory minimum and operational requirements. * **Bank Charter**: * Bank charter has provided a sticky source of low-cost funding for loans. * Deposits have a cost of funding 200 basis points less than alternative sources. * Bank charter has opened doors for additional products and services.

SoFi Technologies (SOFI 5.08%) has found a lot of success by disrupting the banking industry. Its all-digital offerings resonate with a younger, more affluent demographic.This fintech stock is finally catching on with investors as well. If I'd bought $1,000 worth of SoFi shares at the start of 2023, I'd be sitting on a gain of 76% right now (as of Feb. 21). A similar investment in the tech-heavy Nasdaq Composite Index would have climbed by 49%.Let's take a closer look at this innovative financial enterprise ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39606 SoFi Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorpora ...

SoFi’s (NASDAQ:SOFI) fourth-quarter results, announced on Jan. 31, were quite impressive, as they showed that the fintech firm is growing quite rapidly and has managed to effectively monetize its popularity among millenials and Generation Z. The fintech’s profitability, however, remains low, while the valuation of SOFI stock is still quite elevated. This is a key part of my SOFI stock analysis.Although I’m much less concerned than I was previously about the quality of the firm’s loan portfolio, I believe th ...