If You’d Invested $1,000 in SoFi Stock 3 Years Ago, Here’s How Much You’d Have Today

SoFi (SOFI 1.82%) has been one of the best performers of the financial sector in 2024 but has taken investors on quite a roller-coaster ride since it went public in mid-2021. If you had bought $1,000 worth of SoFi stock three years ago, how much money would you have today?

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The short answer is that SoFi’s stock price hasn’t moved much over the past three years. If you had invested $1,000 in SoFi on Dec 22, 2021, your investment would be worth $1,024, as of this writing.

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While a 1.7% change in three years might seem contradictory to referring to this stock as being on a “roller-coaster ride,” there’s a lot more to unpack.

First, SoFi went public in mid-2021 as part of the boom in special purpose acquisition companies, or SPACs, that was underway at the time. Many of the companies that chose this route to go public gained tremendous momentum, especially if they were one of the notable SPAC investor Chamath Palihapitiya’s targets — and SoFi was one of them.

On SoFi’s very first day of trading, the stock closed at $22.65, which is 34% higher than its current price as of late December 2024. When the SPAC boom died down, the stock plunged. Three years ago, it was in the earlier stages of a sharp decline.

It wasn’t until mid-2024 when SoFi finally started to recover from its slump. In fact, SoFi has gained 145% in the past six months alone, and you can see the roller-coaster ride in the chart below.

SOFI data by YCharts.

Although you’d still roughly have the same amount of money you started with three years ago, the path certainly wasn’t a straight line.