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Infra Built in ZIRP '25: Next-Gen FinPlatforms
7 tickers · $116.51B total market cap
Group: Infra Built in ZIRP
The investment thesis for Spring 2025 on "Infra Built in ZIRP: Next-Gen FinPlatforms" is mixed. The companies in focus'ÄîSOFI, HOOD, AFRM, LC, LMND, and ROOT'Äîbenefited from the low interest rate environment by building expansive infrastructures that are now leveraged to sustain growth in a tighter monetary policy landscape. While these firms have developed competitive advantages, their valuations hinge on their ability to adapt to higher capital costs and retain customer bases. The market is currently evaluating whether these companies can achieve profitability and scale effectively amidst economic uncertainty and increased competition.
Infra Built in ZIRP '25: Next-Gen FinPlatforms tracks 7 publicly listed stocks in this theme: AFRM, HOOD, LC, LMND, ROOT, SOFI, WLTH. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Robinhood Markets, Inc.HOOD | 04/28/2026 (AMC) | 04/28/2026 (AMC) | -16.92% | -15.19% | 15.40% | 4.16% | $66.78B | 14.2857 |
Affirm Holdings, Inc.AFRM | 05/07/2026 (AMC) | 05/07/2026 (AMC) | -4.02% | -2.39% | 18.11% | 2.02% | $21.87B | 14.2857 |
SoFi Technologies, Inc.SOFI | 04/29/2026 (BMO) | 04/29/2026 (BMO) | -6.36% | -12.31% | -19.51% | -5.40% | $19.42B | 14.2857 |
Lemonade, Inc.LMND | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -7.07% | -13.88% | -2.29% | -4.71% | $4.15B | 14.2857 |
Wealthfront CorporationWLTH | 03/11/2026 | — | -6.43% | — | 50.76% | — | $1.78B | 14.2857 |
LendingClub CorporationLC | 04/27/2026 (AMC) | 04/27/2026 (AMC) | -13.59% | -3.43% | 1.60% | -9.60% | $1.76B | 14.2857 |
Root, Inc.ROOT | 05/06/2026 (AMC) | 05/06/2026 (AMC) | -15.08% | 3.66% | 6.11% | -5.76% | $751.9M | 14.2857 |
| Average | -9.92% | -7.26% | 10.03% | -3.22% | $16.64B | 14.2857 | ||
| Median | -7.07% | -7.87% | 6.11% | -5.06% | $4.15B | 14.2857 | ||
| Std Dev | 4.73% | 6.95% | 20.23% | 4.76% | $22.04B | 0.0% | ||
| Min | -16.92% | -15.19% | -19.51% | -9.60% | $751.9M | 14.2857 | ||
| Max | -4.02% | 3.66% | 50.76% | 4.16% | $66.78B | 14.2857 | ||
| % Positive Tickers | 0.00% | 16.67% | 71.43% | 33.33% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.