SoFi Stock Rises After Earnings Beat and Record Member Growth

TLDR

• SoFi reported third-quarter adjusted earnings of 11 cents per share, beating analyst expectations of 8 cents
• The company raised its full-year adjusted net revenue guidance to $3.54 billion, up from $3.375 billion
• SoFi added a record 905,000 new members in the quarter, bringing total membership to 12.6 million
• Total loan originations grew 57% to $9.9 billion, with personal loans hitting an all-time high of $7.5 billion
• The company plans to launch cryptocurrency trading and its own stablecoin by the end of 2025

SoFi Technologies posted strong third-quarter results that topped Wall Street forecasts across the board. The fintech reported adjusted earnings of 11 cents per share on adjusted net revenue of $950 million.

Analysts had expected earnings of 8 cents per share on revenue of $889 million. The stock climbed 5.6% to close at $31.67 following the report.

This marks another quarter of growth for the San Francisco-based company. Shares have advanced 91% in 2025 and nearly 186% over the past 12 months.

SoFi Technologies, Inc., SOFI

The lending business showed particular strength during the quarter. Total loan originations jumped 57% to $9.9 billion.

Personal loan originations reached an all-time high of $7.5 billion. Student loan originations, which formed the core of SoFi’s original business model, rose 58% to $1.5 billion.

Home loan originations totaled nearly $945 million. This figure included $352 million in home equity loans.

Record Membership Growth

The company added 905,000 new members in the third quarter. This represents 35% growth from the same period last year.

Total membership now stands at around 12.6 million. The quarter marked a record for new member additions.

Existing customers drove much of the product growth. Cross-buy rates reached their highest level since 2022.

Roughly 40% of new products were opened by existing SoFi members. CEO Anthony Noto pointed to this metric as evidence of the company’s one-stop-shop strategy working.

Raised Guidance

SoFi increased its full-year outlook for the second time this year. The company now expects adjusted net revenue of $3.54 billion.

This represents a jump from previous guidance of $3.375 billion. The figure implies roughly 36% growth year-over-year and exceeds the $3.46 billion analysts expected.

The company also raised its adjusted Ebitda guidance to $1.035 billion, up from $960 million. Adjusted earnings guidance increased to roughly 37 cents per share from 31 cents.

Analysts polled by FactSet had been looking for 32 cents. The loan platform business delivered strong results in the quarter.

This segment originates loans both for SoFi’s own books and for partners who purchase them. Loan platform business originations reached $3.4 billion, up 250% year-over-year.

The company saw improvements of more than 20 basis points in losses across personal and student loans. Delinquencies remained roughly stable from the previous quarter while core originations accelerated.

Return to Cryptocurrency

SoFi plans to re-enter the cryptocurrency space after a two-year break. The company launched international remittances through blockchain technology last quarter.

By the end of 2025, customers will be able to buy, sell, and hold various tokens in the SoFi app. The fintech also plans to launch its own stablecoin pegged to the U.S. dollar.

The company previously offered cryptocurrency trading on its platform before pausing the service. The return comes as interest in digital assets has increased across the financial services industry.

SoFi has expanded well beyond its original student loan refinancing roots. The company now offers personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning tools.

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