Fintech earnings thread flags multiple misses

Nu Holdings, SoFi Technologies and Robinhood Markets were grouped together in an X thread on May 15 that argued recent fintech earnings have been uneven. The post pointed to Nu’s first-quarter report on May 14, SoFi’s first-quarter report on April 29 and Robinhood’s first-quarter report on April 28. Company filings and investor-relations materials support part of that framing: Nu and Robinhood posted results that missed some Wall Street estimates, while SoFi reported record revenue and earnings in its release. ### Which companies in the thread actually missed expectations? Nu Holdings reported first-quarter 2026 earnings on May 14 with revenue above $5 billion and net income of $871 million, according to its release. MarketBeat said Nu posted earnings per share of $0.18 against a $0.20 consensus estimate, a miss of $0.02, while revenue of about $5.32 billion topped estimates. (morningstar.com) Robinhood reported first-quarter 2026 revenue of $1.07 billion and diluted earnings per share of $0.38 on April 28, according to its press release. Investing.com, citing analyst forecasts, said that was below expectations of $1.14 billion in revenue and $0.41 in earnings per share. SoFi reported first-quarter 2026 diluted earnings per share of $0.12 and total net revenue of $1.10 billion on April 29. (morningstar.com) MarketBeat said SoFi met consensus earnings expectations and exceeded revenue estimates, contradicting the thread’s claim that the company missed earnings by one cent. ### What did the companies themselves say in those releases? David Vélez, Nu’s founder and chief executive, said the company’s “AI transformation is a core priority” and said Nu had more than 135 million customers globally by March. (investors.robinhood.com) The company said Mexico reached break-even and 15 million customers, while first-quarter return on equity was 29%. (investors.sofi.com) Anthony Noto, SoFi’s chief executive, called the quarter “another quarter of durable growth and strong returns.” SoFi said adjusted net revenue rose 41% to $1.09 billion, adjusted EBITDA rose 62% to $339.9 million, and members increased 35% to 14.7 million. Vlad Tenev, Robinhood’s chief executive, said the company was becoming more central to customers’ financial lives. (morningstar.com) Robinhood said net deposits were $18 billion, Gold subscribers rose 36% to 4.3 million, and diluted earnings per share increased 3% year over year to $0.38. ### Was crypto weakness a common thread in these results? Robinhood said first-quarter cryptocurrency revenue fell 47% year over year to $252 million. (investors.sofi.com) The company still posted overall revenue growth, but the drop in crypto activity was a central feature of the quarter and was cited in outside coverage of the earnings miss. Coinbase reported first-quarter 2026 revenue of about $1.4 billion and a net loss of $394 million, according to its quarterly materials and outside coverage. (investors.robinhood.com) CNBC reported Coinbase missed analyst expectations, while the company’s earnings page shows first-quarter 2026 materials and guidance links for investors. ### Why did the thread mention Affirm and Coinbase alongside these names? (investors.robinhood.com) Affirm’s inclusion appears to refer to earlier quarters rather than the same reporting week. Affirm reported fiscal third-quarter 2025 results on May 8, 2025, and CNBC said the company beat on earnings but gave a revenue forecast for the current quarter that trailed analysts’ estimates. (investor.coinbase.com) Coinbase’s May 7, 2026 report fits the thread’s broader point that fintech and crypto-linked platforms have produced mixed scorecards. CNBC said Coinbase posted a surprise first-quarter loss and weaker-than-estimated revenue after a slide in crypto prices. ### So what does the record show on the thread’s main claim? The May 15 X thread is directionally supported on Nu and Robinhood, based on published estimate comparisons from market-data and financial-news outlets. (investors.affirm.com) The SoFi line is not supported by the company’s release or by estimate trackers that show SoFi meeting earnings expectations and beating on revenue. (cnbc.com) May 2026 earnings materials for Nu, SoFi and Robinhood remain available on the companies’ investor-relations sites, and Coinbase’s first-quarter 2026 earnings page also lists its webcast, transcript and 10-Q for follow-up. (morningstar.com) (marketbeat.com)