SoFi Technologies(US:SOFI) Zhi Tong Cai Jing·2025-07-30 01:36Core Viewpoint - SoFi Technologies announced a stock sale of $1.5 billion, leading to a decline in its stock price by approximately 6.5% in after-hours trading, despite reporting strong second-quarter earnings that exceeded Wall Street expectations [1][2] Group 1: Stock Sale and Price Impact - SoFi's stock price fell to $21.06 after the announcement of a $1.5 billion stock sale, with the sale price range set between $20.85 and $21.50 per share, representing a discount of up to 6.9% from the previous closing price of $22.40 [1] - Goldman Sachs is managing the stock issuance, with proceeds intended for general corporate purposes, including working capital and other business opportunities [1] Group 2: Financial Performance - SoFi reported record adjusted net revenue of $858 million, adjusted EBITDA of $249 million, and a net profit of $97 million for the second quarter [1] - Revenue from fee-based services reached $378 million, marking a 72% year-over-year increase, with annualized fee-based revenue exceeding $1.5 billion [1] - Total loan originations for the second quarter amounted to $8.8 billion, an increase of $1.5 billion from the previous quarter [1] Group 3: Segment Performance - The financial services segment generated net revenue of $363 million, contributing a profit of $188 million with a gross margin of 52% [2] - The technology platform segment reported net revenue of $110 million [2] - The loan segment's adjusted net revenue was $447 million, with a profit contribution of $245 million and a gross margin of 55% [2] - Personal loan originations totaled $7 billion, with $2.4 billion issued through LPB [2] - SoFi's tangible book value at the end of the quarter was $5.3 billion, reflecting a nearly $200 million increase from the previous quarter [2]