SoFi Originated a Record $10.7 Billion in Personal Loans Last Quarter. Here's Where That Credit Risk Actually Sits.

As of June 30, SoFi’s balance sheet held $28 billion in personal loans, representing 57% of the total lending book.

Personal loans are frequently sold or securitized to third-party investors, but this doesn’t insulate the business from possible financial losses.

Although SoFi has been operating at a high level, a recession is the biggest threat to any lender.

SoFi Technologies (NASDAQ: SOFI) shares have been on a disappointing trend. As of Aug. 12, they have fallen 32% in 2026. And they trade 45% below their peak from last November.

That performance takes away from the underlying company's solid financial results. Lending activity has been exceptional, as SoFi's loan originations totaled $14.8 billion in the second quarter (ended June 30), up 69% year over year. The growth is superb.

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Personal loans continue to be the focal point, with record originations of $10.7 billion in Q2. But investors should understand where this fintech stock 's credit risk actually sits.

SoFi's headline numbers were terrific. Last quarter, it reported year-over-year revenue growth of 43%. Net income soared 61% compared to Q2 2025. The digital bank also added 1.1 million net new customers, and now commands a user base of 15.8 million members.