SoFi announced a $1.5B shelf offering after-hours. This gives them the ability to raise $1.5B in common equity in the future. It’s somewhat likely this could be used for an acquisition of some sort, but I am speculating.

Regardless, this morning SoFi reiterated their 2026 GAAP EPS guidance calling for $0.55-$0.80 per share and raised their 2025 GAAP EPS guidance. There is no chance they didn’t bake this into those targets before offering them. This was certainly already part of those forecasts. I expect the stock to respond negatively tomorrow, and I will treat that as noise. This does nothing to change my bullishness for the company. I know that I’ve trimmed a couple times recently, but I will stay patient with adding to this name as it has still more than doubled in a quarter.