SoFi Technologies recently announced the finalization of a significant $5 billion loan platform business agreement with Blue Owl Capital, marking a substantial expansion of its personal loan operations. Despite this positive development, the company's share price dropped by 15% last week. This decline occurred amid broader market volatility, as investors grappled with uncertainty around impending U.S. tariffs and weaker economic data impacting the overall market sentiment. Technology stocks, in particular, exhibited mixed performance due to these uncertainties. As such, SoFi's share price movement reflects these broader market influences rather than company-specific developments alone.

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In the past year, SoFi Technologies achieved a total return of 61.08%, significantly surpassing the US market's 6.1% return and the Consumer Finance industry's 18.2% return. This robust performance was aided by several key developments. The company became profitable, reporting a net income of US$498.67 million for the year ended December 2024, a substantial turnaround from the prior year's loss. An agreement finalized in March 2025 with Blue Owl Capital for a US$5 billion loan platform business further diversified SoFi's revenue streams.

New product lines, such as the robo-advisor platform launched in collaboration with BlackRock in November 2024, expanded their offerings to alternative asset classes. Additionally, SoFi's inclusion in several Russell indices in July 2024 may have enhanced visibility among investors. With a focus on innovative growth and strong financials, SoFi's strategic moves have helped bolster investor confidence, contributing to its impressive one-year total return performance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:SOFI.

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