SoFi Technologies
2 activist/short documents on this target.
Timeline
2026-03-22
Muddy Waters · research note
SOFI's silence on 11 specific accounting questions confirms Muddy Waters' view that 2025 Adjusted EBITDA is inflated ~90% via mislabeled financings, hidden debt, and misstated risk retention.
N4 V2
2026-03-30
Muddy Waters · research note
SOFI booked a $312M JPMorgan borrowing as a loan sale, inflating ~$1B of EBITDA and enriching management while shareholders absorb ~15% annual dilution.
N4 V3