The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist

SoFi posted 134% net income growth in Q1, guiding to an EPS CAGR of between 38% and 42% through 2028 at a 27x forward P/E.

SOFI dropped 36% year to date while QQQ gained 17%, pricing SoFi like a struggling fintech rather than a growing national bank.

CEO Anthony Noto personally bought 31,423 shares in May, while 43% of new Q1 products came from existing members, up from 36%.

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I keep hitting the buy button on SoFi Technologies ( NASDAQ:SOFI ), and the Fed-driven tech sell-off this month has only made my finger heavier. The stock sits at $16.67, down 36.33% year to date, while the QQQ has gained 16.74% over the same window. That gap is the opportunity. The market is pricing SoFi like a bruised fintech. I am buying it like a national bank that happens to be quietly rewiring how 14.7 million people manage money.

My core thesis is simple. SoFi is becoming a financial services operating system, and the cross-sell data proves it. In Q1 2026, 43% of new products were opened by existing members, up from 36% a year earlier. CEO Anthony Noto said it bluntly on the call: "When other companies are stumbling, our revenue growth is accelerating." I believe him because the numbers back the mouth.

First, the earnings power is real and compounding. Q1 net income hit $166.73 million, up 134.45% year over year, on operating income growth of 150.12%. Adjusted EBITDA was $339.9 million at a 31% margin. Management is guiding 2026 to roughly $4.655 billion in adjusted net revenue and $0.60 in adjusted EPS, with a medium-term adjusted EPS CAGR of 38% to 42% through 2028. A forward P/E of 27x against that growth rate is the "dirt-cheap" part of the title.

Second, the deposit machine is funding everything. SoFi ended the quarter with $40.24 billion in deposits, funding over 90% of total liabilities, and drove cost of funds down 48 basis points year over year. That bank charter is the moat. It is why loan originations of $12.18 billion grew 68% without blowing up the balance sheet, and why tangible book value per share climbed to $7.21, up 57% year over year.