Shares of SoFi Technologies (SOFI) are up over 3% in pre-market trading on Tuesday after the fintech company delivered a strong quarter and raised its full-year profit guidance. SoFi reported Q3 adjusted net revenue of $950 million, exceeding the $889 million expected by analysts tracked by FactSet. Notably, revenue grew 38% year over year and reached a new quarterly record for the company. Meanwhile, adjusted earnings came in at 11 cents per share, topping analysts’ consensus estimate of 8 cents.
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SoFi Technologies is a digital financial services company offering banking, lending, and investment products through its mobile platform.
SoFi’s Q3 Performance
The company’s strong performance was driven by record member growth, 905,000 new members in Q3. This brings its total to 12.6 million, up 35% from last year. It also added 1.4 million new products, reaching 18.6 million in total, marking a 36% year-over-year increase.
Additionally, SoFi’s fee-based revenue hit a record $408.7 million in Q3 2025, up 50% from last year. The growth was fueled by strong results in its Loan Platform business.
SoFi also delivered record loan originations of $9.9 billion in Q3, up 57% year over year. The strong growth was fueled by rising demand for personal, student, and home loans, supported by continued interest from capital markets partners. In recent years, SoFi’s personal loan business has shown the fastest expansion, far outpacing growth in student and home loan categories. Below is a screenshot for reference.
SoFI Raises Full-Year Guidance
SoFi’s management has again raised its outlook for 2025, thanks to a strong performance so far.
The company now forecasts about $3.54 billion in adjusted net revenue, up from $3.38 billion earlier. The company also boosted its adjusted EPS guidance to $0.37, compared to its prior estimate of $0.31.
Is SoFi Stock a Good Buy?
According to TipRanks’ consensus, SOFI stock has a Hold consensus rating based on five Buys, eight Holds, and four Sells assigned in the last three months. At $22.46, the average SoFi Technologies stock price target implies a downside of 25.13% from the current level.
