"SoFi Technologies ( NASDAQ: SOFI) delivered results that justified the stock's pre-earnings bump of 4.20%. The fintech lender beat on both earnings and revenue, raised full-year guidance, and posted record profitability metrics. Shares held steady near $30.91 at filing, reflecting investor satisfaction with execution that matched the high expectations already baked into a stock that has more than doubled this year."
"Revenue climbed to $961.6M, crushing the $895M consensus estimate by 7.4 percent and marking 38 percent year-over-year growth. Earnings per share came in at $0.11, topping the $0.08 estimate. But the real story lived in the operating metrics. Loan originations hit a record $9.9B, up 57 percent year over year. Member growth accelerated with 905,000 new members added in the quarter, bringing the total to 12.6M."
"Fee-based revenue, a key indicator of diversification away from lending, jumped 50 percent to $409M. I liked this number. It shows the "one-stop shop" strategy is working. Members aren't just borrowing. They're staying and using multiple products. Net income surged 141 percent to $139.4M. Adjusted EBITDA expanded 49 percent to $276.9M. These aren't just beats. They signal that scale is finally translating into real profitability."
SoFi Technologies reported revenue of $961.6M, surpassing estimates and growing 38% year-over-year, with EPS of $0.11. Loan originations reached a record $9.9B, up 57% year-over-year, and membership rose by 905,000 to 12.6M. Fee-based revenue increased 50% to $409M, indicating product cross-use among members. Net income rose 141% to $139.4M and adjusted EBITDA grew 49% to $276.9M. Management raised full-year 2025 guidance to approximately $3.54B adjusted net revenue, $1.035B adjusted EBITDA, and $0.37 adjusted EPS, while targeting at least 3.5M new members.
Read at 24/7 Wall St.
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