Professional
Added to YB: 2026-03-24
Pitch date: 2026-03-21
SOFI [neutral]
SoFi Technologies, Inc.
-2.65%
current return
Author Info
Muddy Waters Research is a short seller that peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. Sign up for the newsletter.
Company Info
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong.
Market Cap
$21.6B
Pitch Price
$17.16
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
43.83
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
SOFI: Eleven Questions, Zero Answers
SOFI (short update): Muddy Waters alleges 2025 adj EBITDA inflated ~90%; $312M JPMorgan borrowing missing from balance sheet; whole-loan 'sales' are actually seller-financed secured borrowings failing ASC 860; LPB retention is horizontal not vertical per presale docs; servicing rights at 6% UPB vs mkt 0.5%. SOFI refused to answer 11 factual questions. Potential restatement risk.
Read full article (7 min)