$SoFi Technologies Inc.(SOFI)$  Many retail investors, including myself, were shocked when SoFi took a nosedive today despite a strong earnings report. There are several things we missed in the earnings report that could be contributing to this unexpected decline:

(1) Convertible Notes Payoff: SoFi paid off about 84million of the 2026 convertible notes in Q3. Convertible notes are loans that can turn into company stock. By paying off $84 million of these notes, SoFi decreased its debt. But some of the debt converted to shares, adding 19 million new shares. This increase in shares diluted the value of existing shares, which may worry investors.

(2) Decline in Securitizations: Securitization means packaging loans and selling them to investors. If SoFi is doing less of this, they may be holding more loans themselves, which ties up capital.

(3)  Increase in Warehouse Lending Debt: Warehouse lending is short-term borrowing that helps fund loans. If this debt increases, it suggests SoFi is relying more on outside funds, which may signal higher leverage or risk.

Even though these factors might be causing some jitters, SoFi still has a lot of potential. If you are a long-term believer in SoFi, you don't need to worry too much, as we can see SoFi is consistently achieving growth. In my opinion, this presents an opportunity to buy.