SoFi Technologies (SOFI) is gearing up to release its first quarter financial results on Tuesday, April 29. The financial technology company’s stock has taken a hit, down about 22% since the start of the year. The decline has primarily been driven by investor concerns over a potential economic slowdown, which has weighed on many growth-focused names in the fintech space.
Despite the macroeconomic uncertainty, SoFi has consistently delivered solid growth. Over the past several quarters, the company has expanded its members and product base, signaling underlying strength and solid execution. Furthermore, its focus on revenue diversification and access to low-cost capital bode well for growth.
