SoFi Stock Falls After Cutting 2022 Guidance on Extension of Federal Student Loan Payment Moratorium

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The company’s management believes that the student loan moratorium will likely be extended beyond August 2022 and not end during 2022.

Given this assumption, the company lowered its 2022 adjusted Net Revenue and adjusted EBITDA guidance to $1.47 billion and $100 million, respectively, from the prior $1.57 billion and $180 million. The company reiterated its original adjusted Net Revenue guidance of $280-285 million and Adjusted EBITDA guidance of $0-5 million for Q1/22.

By Davit Kirakosyan