SoFi Technologies Surges to 114th in Trading Volume with $635 Million Day Despite Stock Decline

On March 26, 2025, SoFi Technologies (SOFI) experienced a significant trading day with a volume of $635 million, marking a 30.81% increase from the previous day. This surge placed SoFi at the 114th position in terms of trading volume for the day. However, the stock closed at $12.64, reflecting a 3.47% decline over the past two days, totaling a 4.74% drop.

SoFi Technologies, Inc. is a financial service platform that specializes in providing student loan refinancing options to the private student loan market. The company has been facing operational challenges and concerns over its financing ability, which have contributed to the recent decline in its stock price. These challenges are exacerbated by a lawsuit filed by the American Federation of Teachers (AFT) against the U.S. Department of Education, which has direct implications for SoFi's operations.

The lawsuit has raised questions about access to loan forgiveness and repayment adjustments, adding to the uncertainty surrounding SoFi's prospects. Despite these challenges, SoFi's revenue reached $2.67 billion, showcasing growth but also raising questions about its profit margins. The company's revenue per share stands at $2.43, though its gross margin figures remain undisclosed. Despite revenues climbing 38.48% over three years, SoFi faces challenges, with recent pretax profit margins at -13.9%.

SoFi's net income from continuous operations for the past year exhibited signs of promise, landing at $332 million, alongside a basic earnings per share of $0.31. As Q4 drew to a close in 2024, total assets were reported at $36.25 billion with total equity at $6.53 billion, while liabilities remain substantial. The company has encountered a free cash flow change of -$242 million, partly attributed to purchases in investment and other investing cash flow activities. With the latest income sheets showing an interest income of $743.94 million, SoFi’s financial turbulence is further emphasized by a precarious cash position, which has taken a hit of $1961 million.