Accounting PracticesSOFI's accounting methodology, specifically its fair value discount rate assumptions, are meaningfully lower than peers’ and remain a hot button for investors, likely limiting near-term stock upside.
Deal ClosuresManagement indicated slowness in deal closings for large partners in the Tech Platform segment, mainly due to uncertain macroeconomic conditions, elections, and budget updates.
Stock PerformanceShares of SOFI declined despite a 3Q24 beat and raise, surprising analysts and highlighting the stock's history of fading on earnings days.