SoFi was around $16 five years ago and still around $16 going into this week.
SoFi was in the $15-ish range around 5y ago, back in dec'21 It's $16 going into this week. Q3 results have been awesome with revenue soaring 44% to $1.4B and EPS beating estimates, finally forced the stock over $16.
**Total Revenue grew by \~362% in the last 5y.** SoFi brought in **$1.09 billion** in full-year 2021. By EOY 2026, management expects full-year net revenue to hit **$5 billion**
5 years of nothing and now everyone’s talking about it again. watching the company get way bigger while your number doesn’t move has been brutal. #business
The S&P500 index has been stagnant for about a quarter now. During that same time we have seen an uptick in inflation caused by Trumps war with Iran. Now, crude oil prices have hit $117 a barrel with no end in sight.
Bond yields have made borrowing harder.
All this is happening as investors are beginning to get cold feet about AI related CapEx, as we hear stories about data centers not getting complete and processing chips sitting in warehouses.
Consumer spending remains high, but it’s hard to tell if/when the market will turn around. #business