SoFi (SOFI) stock stumbled after a $1.5 billion equity raise, but shares are still up 81% over the past year. The company is shifting towards capital-light revenue sources, reducing reliance on interest income. SoFi’s lending operations remain strong, with solid loan originations supported by a growing deposit base. The launch of SoFiUSD stablecoin expands non-lending businesses. The company added a record 905,000 new members, totaling 12.6 million, and 40% of new products come from current users. SoFi’s fee-based revenue and Financial Services segments are growing, positioning it for sustainable growth and earnings stability.

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