SoFi Technologies Inc. (NASDAQ: SOFI) saw its stock plummet 5.05% in pre-market trading on Wednesday, despite reporting strong first-quarter results and raising its full-year guidance. The fintech company's shares retreated as investors digested the earnings report and subsequent conference call, which revealed both positive developments and potential concerns.

During the Q1 2025 earnings call, SoFi reported impressive growth across key metrics. The company added a record 800,000 new members in the quarter, bringing its total to 10.9 million, a 34% year-over-year increase. Adjusted net revenue reached $771 million, up 33% from the previous year, while adjusted EBITDA grew 46% to $210 million. SoFi also raised its full-year 2025 guidance, now expecting adjusted net revenue of $3.235 billion to $3.310 billion and adjusted EBITDA of $875 million to $895 million.

However, the pre-market stock drop suggests that investors may be focusing on potential headwinds and risks mentioned during the call. CEO Anthony Noto emphasized the company's plans to accelerate investments in new product launches and innovation, which could impact near-term profitability. Additionally, while SoFi's credit performance remains strong, management acknowledged the need to monitor economic indicators closely and adjust underwriting standards if necessary in light of potential macroeconomic uncertainties. The company's exposure to student loans and personal lending in a potentially volatile economic environment may also be contributing to investor caution.