Asymmetric Investing by Travis HoiumANALYSTAug 3, 2026“SoFi is a buy — 32% revenue CAGR, 15.8M members up 35%, and a reasonable 23x forward P/E make the pullback a buying opportunity.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
Total revenue has grown at a compound annual growth rate of 32% since March 2024 quarter.
The member number has been incredibly impressive. 15.8 million members, and that's up 35% from a year ago.
on a forward basis, price earnings multiple is 23. That's pretty reasonable for a company that's growing this quickly.
they're going to hold those loans on the balance sheet, so that margin is going to be stretched over multiple years. Going to be higher total margin, higher net interest margin, but it's going to be longer duration in the value that they're going to see.
Risk
A big negative for SoFi is actually their technology platform business. This was supposed to be where they're building all this technology that they can actually then license out to other companies. So, Chime is actually the big customer that they lost at the end of 2025.
The market didn't like is that the margins are not going to be as high, expecting about 60 cents in earnings per share, the same as what they were expecting previously.
The structured call
The receipt
Publish-day price $$18.03 · the claim is anchored to the moment it was said.