SoFi Added a Record 1.2 Million Members Last Quarter. Its Stock Is Still Down More Than 30% in 2026.

SoFi (SOFI) is down 33% year-to-date even after posting a record quarter, setting up a fundamentals-versus-price gap that bulls say should close.

The Q3 numbers: revenue rose 44% year-over-year to $1.38 billion, and earnings grew 64%. SoFi added a record 1.2 million members in the quarter, pushing total membership to 17 million.

Yet SOFI shares remain well under water for 2026. The Motley Fool piece attributes the weakness to investor overreaction to earlier bearish headlines about technology platform losses and balance sheet concerns. The author argues the disconnect between results and stock performance should now correct.

Interpretation: a stock that sells off 33% while revenue compounds at 44% implies the market is pricing in balance sheet or platform risk rather than growth risk. If that fear fades, the growth rate itself offers support. That is an argument, not a certainty, since the bearish concerns cited in the source were not resolved by a single quarter of strong prints.