Libro Thoppil

$HOOD is just a fast growing fintech that will provide shareholder value while making it easier for their customers to gamble. $SOFI is a fast growing fintech that will help it's user's get their money right. In my experience, companies with a good mission statement will succeed.

La Hanta (virus) estas muy Loca ! WTF? youtu.be/vZLd81IHGQw?si…

@KrisPatel99 x.com/i/status/20501…

Is ChatGPT getting better? I’m seeing people talk about ChatGPT getting better, especially for CODEX… compared to Anthropic Opus 4.7? What’s your take?

$SOFI 50.52% Short Volume off-exchange today (46M shares). Looking at that 4.7M in 'Exempt' volume. That means Market Makers were legally shorting right through the SSR limits. This isn't fundamental selling. It was a forced delta-hedging designed to squeeze liquidity. Whoever was driving the tape today weaponized the options chain to force the underlying equity down

If you hold $SOFI and you're staring at red today — watch this first. I went through every number in the earnings release and the call transcript. The business is not broken. The narrative is. New video just dropped 👇

$SOFI... -8%, let's see how it trades b/c this was a crazy good Q. Obviously I'm p*ssed, but at the same time, the bears do this sh*t... Let's go through the Q. Rev + 43%, Net Inc + 134% EBITDA + 62% BV of $8.44, TBV of $7.21 Really? Are we really trading this down to 2x BV in line with $JPM, but growing Net Inc like 12x faster? And before we try to front like that's not relevant, realize this: Every other bank (except maybe $BK) is making that high teens/20s growth this quarter and growing net income only 5-25% of $SOFI via Investment banking. $SOFI's doing it with just straight boring commercial banking growth. Oh... and in the Q&A... in case there is ANY confusion $SOFI's goosing the growth numbers, the EBITDA growth (which matters more than net income b/c $SOFI is still an early stage company and also implies net income is also clean), that's net of marketing expense. That's not even how other folks present the number, btw... That's why when folks pretend $SOFi doesn't disrupt banking, I'm like... in what world is that true? Look at these numbers. What is it you think is happening here in these financial statements? How good was it? BTW... the bears want to pretend that something is going on with Credit Quality and so equity is understated in some way (aka ROE), but are you F-in kidding me. Clearly, with TBV up 63%, that net income is most def hitting Retained Earnings (aka how you get TBV up that much). In other words, that's BS, right.. we can agree that's how you read that, right? Let's talk about Book Value Oh, and BTW, BV is one of the metrics that more traditional folks like me will look at. AND MOST DEF will tell you if the capital raise was worth it. You basically raised $3b in Equity capital through secondaries ($1.5 July 25, $1.5 Dec 25). And at this point, not even a year later, you have $4.2b more in Book Value (so $4.2-$3b, $1.2b addition Equity Capital). What's that mean? Plenty of Capital to continue to fuel growth. By plenty, I mean $1.2B more in addition to the $3b capital raise. Strong Despite the Macro Yup. that's straight cash, kids. And realize that "in theory," this isn't yet a truly good market for $SOFI. A "Good Market" would be the world calming down and rates declining at a chill place, with the whole curve shifting downward vs this weird twisty steepening we're getting. That would drive a macro refi boom in Mortgages, HELOCs, etc. And this would substantially change the balance sheet. Crazy Strong Loan Growth But then let's look at the mortgage growth (image below). A few comments for the newbies learning to infer this. You have Mortgage growth up 137% with average balance down 11%. What's that mean? It means unlike every other bank which had flat to single digit mortgage growth, $SOFI made loans, aka took share. AND ALSO, these ARE NOT risky loans. If anything, given the size difference from previous year, this book is less risky. AND also, the volume (aka count of customers) of 137% is likely higher. And they talked about the demand for loans despite the weirdness in the long end of the yield curve being strong. And that matters b/c if you can finally get this stupid yield curve shifting downwards vs just steepening, the low-hanging fruit of HELOCs is just refinancing the student loan book. Call it what it is. Those are high-credit-rating older GenZ's, younger millennials who have been out of university now for a while and likely are home buyers. What about the Tech Platform? Ya'll know I differ from everyone else b/c I could give a farthing (insert other F word) about the tech platform. The nature of tech-heavy FinTechs always involves a ton of CapEx, depressed earnings because of it, and, quite frankly, in the coming macro environment, you can likely buy a smaller Fintech at a discount from some broke start-up that's going belly up due to lack of clients and earnings. So yeah, TBH, I'm not sure why ya'll care so much when the internal use of that platform grew EBITDA 64%. But whatev's. What about Crypto I do want to show the Crypto biz. Notice. It takes a lot of cash right now. That might change in the future. We shall see. That's yet another reason why I think you fortify Book Value with the additional $4.2 b of capital. And here I differ from others, too. I think $SOFI's most wild card value is this stablecoin biz, not because of payments or because a bunch of crypto bro's want to pound their chest like a bunch of apes on the end of America, but because the most PROFITABLE THING stable coin allows for is an off-ramp. And it occurs to me that a bunch of you will nod your head but have NO IDEA what I mean. So let's talk about it. Let's say you're some dude from UAE who's got a ton of crypto assets (not that far-fetched). You wanna buy a bunch of real assets (real estate) in the US. You gotta figure out for yourself... how do I get my crypto into USD so I can buy real assets on the cheap in the US? That's what stablecoin is really for. Not the nonsense $5 toothpaste you bought from Walmart. Right now, at $124mm that's on the small side for an off-ramp, given the size of money I'm thinking is possible. But it doesn't have to be. And we know Mr. Noto had zero dollars last year, and this year he's got $124mm now. And guess what lovelies... that's why it's such an interesting biz, esp in the context of offering it across to other banks. Whether most of it is with $SOFi and it helps grow the asset management biz or it facilites money coming into the US, I care. It's part of why even if I didn't own one share (which obvious I'm long) I would STILL watch $SOFI. Other 1) NIM is down barely. Why Barely? B/c funding mix is more or less compensating for it. And you can do that for 2 reasons: a) Your debt isn't warehouse financed anymore. Even with their higher-than-market bank accounts, those deposits are still a cheaper form of funding. b) B/c you were offering so much more than everyone else on deposits last year, your funding cost is still is lower yoy despite that you are offering less to folks who have deposits at $SOFI. 2) Financial Services Segment growing 41%. Cool, but even that crazy number is less significant than everything else I mentioned. Plus b/c hte yield curve is all over the place yoy, it cosmetically looks like lower margins. 3) Credit Quality is just fine/slightly better NCO's. Even though you have higher Provision for Credit Losses, you also have massive loans that were originated. Overall, though you have lower NCO's. That implies that once we finally do get lower rates, $SOFI can still release reserves just like everybody else. (aka more liquidity if we shift to a good market. Conclusion There is nothing more thankless than being a $SOFI investor, and quite frankly, I wish you would do a 4pm EST call so I could go get a drink right now. Instead, I gotta watch how the day traders beat up my poor stock all morning, fully caffeinated. No change to my views. Happy Wednesday. If you actually made it this far in my post, drop me a comment... maybe some kind words as I cry in my coffee about how mean the bears & day traders are....

$SoFi ADDITIONAL IMPORTANT NOTES DURING THE CONFERENCE CALL: -Excluding impact of delinquent loan sales: same performance as last quarter -Solid start of year, continued strong momentum, on track to hit FY 2026 guidance Q&A: -Don't see any issues in private credit for ourselves and our partners -LPB demand extremely robust, current partners are fully buying at contract level + extending products -New $3.6B partnership for the next two years -Flight to quality happning to $SoFi's loans, they're getting the best spreads they've ever had -SoFi Plus doing phenomally well, driving cross-buy -Tech platform growth set to accelerate throughout the year, on its way back to 20-25% CAGR throughout the coming years -Prioritizing revolving credit and crypto & blockchain in M&A Closing remarks: -Strategy and execution unmatched at this scale -Rule of 40 of 72 -Revenue growth is accelerating -More than $1 Billion dollars in cash revenue -Focus remains on execution, to reach escape velocity -SoFi aims to be the winner that takes most

@RoyeeRoyal1 @insiderinvests nt ​So, it's like saying: "We're not going to keep checking how good this loan program is at paying people back, because all the money has already been returned!" There's no longer a need for a credit rating when the debt is settled.

@RoyeeRoyal1 @insiderinvests Loan Program 2018-B Trust" was a specific group of loans made by a company called SoFi. ​The press release says that Morningstar DBRS is discontinuing (stopping) their credit rating for this SoFi loan program. Why? Because the loans have been paid back ("as a result of repayme

Holy sh*t Morningstar just discontinued Credit Rating Action on $SoFi Professional Loan Program 2018-B Trust

@JUST_KAWS Both lol

One more week till $SOFI earnings What we thinking…… Under $18 or over $20 after earnings?

This is likely going to be the last quarter that $HOOD has a higher revenue than $SOFI.

@insiderinvests Jinxed

$SoFi What is this trading pattern called?

@TJTheWheelDeal Watching it with you wheel daddy!

What a fight!!!

@gpt_trader @NervosNation @anthonynoto please look into a collab with this network. Interoperability story!

🚀 Fiber Network on CKB: the next evolutionary step for Lightning The Nervos CKB project is developing Fiber Network — a next-generation payment network compatible with Lightning, but with two powerful upgrades: 🔹 Multi-route → split payments across multiple paths for instant and reliable sending, even during channel congestion. 🔹 Multi-asset → transfer not only CKB but also any user-defined assets (RGB++, tokens, stablecoins) within a single liquidity layer. All of this runs on UTXO+PoW, inheriting Bitcoin's security while offering the flexibility of smart contracts. #CKB #Nervos #FiberNetwork #LightningNetwork #BTC #Layer2

@marketswithmay It's also without the big business banking and other verticals also if I'm not wrong

$sofi…. Oh yeah… I forgot… these were their base assumptions. Thx for the reminder!

go to Bitgo to mint SoFi USD symbol SOFID

@cantonmeow @Freedom_By_40 @EWTracker @EWcycles @matthughes13 This free indicator is confirming your thesis too!

$NDX / $GOLD ratio, quarterly chart This is an insane chart. The stock market has been in a bear market against gold for the last 4 years and has completed an ABC correction, which could be a greater degree wave 2. @Freedom_By_40 @EWTracker @EWcycles @matthughes13

BitGo is excited to be part of this from day one. Regulated, always-on banking for both fiat and digital assets is exactly the infrastructure the industry has been waiting for.

@FinanceCanada @insiderinvests this coincides with your payroll job position for Canada

With the recent Royal Assent of Bill C-15, Canada is moving forward on a framework for stablecoins. The Department of Finance has begun the development of regulations to support safe, reliable digital payment options for Canadians.

@anthonynoto has delivered on the 10 new clients on Galileo by Q1... Tech platform re-accelerates from here... 🐎