New York, Feb 18, 2026, 07:52 EST — Premarket
- SoFi Technologies edged 0.6% higher before the bell, trading at $19.62.
- Deposits climbed 44% to $37.5 billion in 2025, the annual report shows. Net income landed at $481 million.
- Investors eye Fed minutes out later Wednesday, with funding costs and credit quality staying front and center.
Shares of SoFi Technologies (SOFI.O) edged up 0.6% ahead of the bell Wednesday, changing hands at $19.62, following the fintech lender’s annual report filing with U.S. regulators. (Public)
The filing comes at a time when fast-growing consumer lenders are getting hammered for relying too much on costly funding. With SoFi, it all circles back to deposits and capital. Those two pieces essentially cap loan growth and dictate how much of the profit pie SoFi hangs onto when rates move around.
Futures on key U.S. equity indexes pointed up before the bell, following a rocky kickoff to the week. “There is a risk that the pullback continues,” BNY’s EMEA macro strategist Geoff Yu said, with markets on edge for new cues about where rates are headed. (Reuters)
SoFi’s latest Form 10-K shows deposits surged 44% to $37.5 billion by the end of 2025. Membership rolled past 13.6 million. Products hit 20.2 million. For 2025, the company posted net income of $481 million, with adjusted net revenue coming in at $3.59 billion—a non-GAAP metric that excludes specific items. Net interest margin landed at 5.85%. Total risk-based capital ratio: 22.9% at the parent, 16.6% at SoFi Bank. (Cloudfront)
SoFi credited its stock offerings in July and December 2025 for helping slash warehouse line borrowings—those are short-term credit facilities backed by loans. Debt dropped to around $1.82 billion, down from about $3.09 billion a year ago.
Shares slipped 0.6% Tuesday, fluctuating from $19.12 up to $19.84 during the session. Over the last 52 weeks, the stock’s seen a range between $8.61 and $32.71. (Businessinsider)
SoFi’s latest earnings, out Jan. 30, showed fourth-quarter adjusted revenue climbing 37% to $1.0 billion—a new high. Adjusted profit came in at 13 cents a share, more than twice last year’s number. CEO Anthony Noto described credit performance as “in line with expectations” in comments to Reuters. (Reuters)
Now traders are shifting focus: member growth isn’t the main concern—it’s what that growth actually costs. Margins feel the squeeze first, as deposit costs climb and loan demand wobbles, with unsecured personal loan losses lurking in the numbers long before anyone headlines them.
Still, a slowdown in the economy could flip the script on consumer credit fast. If personal loan delinquencies climb, or if the market for loan sales and securitizations—packaging loans as bonds—tightens up, SoFi’s earnings momentum could come under pressure. That scenario would also revive concerns about dilution.
SoFi plans to submit its proxy statement for the 2026 annual meeting within 120 days following its Dec. 31 year-end—a routine disclosure that typically sheds more light on executive compensation and governance issues. Investors, though, have their eyes on the Federal Reserve: minutes from the central bank’s January meeting are set to land at 2 p.m. ET on Wednesday, ahead of the policy decision scheduled for March 17-18. (Federalreserve)
