SoFi Technologies Stock Falls 32% on Short-Seller Claims Despite 41% Revenue Growth; Wood Adds $1M Stake
SOFI•SoFi Technologies stock dropped 32% in the first half of 2026 despite 41% revenue growth and record loan originations. The decline followed a Muddy Waters report alleging accounting irregularities and a 41x trailing earnings valuation, but Cathie Wood added over $1 million in fresh SoFi shares this week.
1. H1 2026 Stock Decline
SoFi Technologies shares tumbled 32% between January and June 2026, reversing earlier gains and hitting multi-month lows after investor concerns intensified.
2. Strong Business Fundamentals
Despite the share slide, SoFi reported 41% year-over-year revenue growth and record loan originations driven by expanding member acquisition and diversified lending products.
3. Muddy Waters Allegations
A short-seller report from Muddy Waters alleged accounting irregularities in loan valuation and booking practices, flagging potential risks and undermining market confidence.
4. Cathie Wood’s Investment
ARK Invest’s Cathie Wood purchased over $1 million of SoFi shares this week, signaling a bullish stance and contributing to a modest rebound in the stock.
