u/bnewhard · 33d agono track record yet
SoFi Releases Its Q1 10-Q, Quietly Confirming Massive Fair Value Losses, Credit Card Distress
SoFi quietly disclosed $1B+ in historical fair value losses in Q1 2026 10-Q without proper accounting restatement. At least $625M+ of unreversed paper gains still sit in the loan book and will reverse as realized losses over coming quarters, pressuring earnings. Additionally, credit card portfolio shows distress with non-current loans at 97th percentile of peers and yields collapsed to 31st percentile, contradicting management's recent optimistic commentary.
At post $15.75Now $15.87+0.8% since postedas of Jun 10, 4:59 PM ET
1d—
3d+3.2%
1w-0.9%
1m+1.8%
3m—
6m—
1y—