SoFi stock soars after Q3 earnings beat expectations
SoFi Technologies reported third-quarter earnings and revenue on Tuesday that exceeded Wall Street expectations, sending its shares toward a new record high.
The San Francisco-based fintech company posted adjusted earnings of 11 cents per share on revenue of $950 million, marking a 38% year-over-year increase, News.Az reports, citing foreign media.
Analysts had forecast earnings of 8 cents per share on revenue of $889 million.
A year ago, SoFi reported a GAAP profit of 5 cents per share. The company also achieved record growth in membership, adding 905,000 new users during the quarter to reach a total of 12.6 million.
Reflecting its strong performance, SoFi raised its 2025 guidance, projecting adjusted net revenue of $3.54 billion — representing 36% growth compared to the previously guided 30%.
In Tuesday’s trading session, SoFi shares rose 3% to around $31, surpassing the 30.30 buy point and setting the stage for a new all-time high. The stock has already gained 112% so far in 2025.
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