SoFi (SOFI) stock is down about 23% in the year to date. While the financial technology company continues to perform well, reflected through consistent growth in its member base and products, broader economic uncertainty and concerns about a potential slowdown have weighed on its share price.
Nonetheless, SoFi’s underlying fundamentals remain solid. SoFi has been generating solid revenue growth while expanding its adjusted EBITDA margin. Moreover, the fintech’s bottom line has shown a significant improvement in 2024, with the company reporting its first full year of profitability.
