SoFi Technologies raises FY25 GAAP EPS view to 31c from 27c-28c, consensus 28c

Raises FY25 adjusted revenue view to $3.38B from $3.24B-$3.31B, consensus 3.29B. The company said, “Given the strong first half of the year, management is increasing its 2025 guidance. For the full year 2025, management now expects to deliver adjusted net revenue of approximately $3.375 billion, which is $65 million higher than the top end of the prior guidance range of $3.235 to $3.310 billion. This implies approximately 30% annual growth versus 24% to 27% in our prior guidance. Management expects adjusted EBITDA of approximately $960 million, above prior guidance of $875 to $895 million. This represents an EBITDA margin of 28%. SoFi expects GAAP net income of approximately $370 million, above prior guidance of $320 to $330 million. Lastly, SoFi expects GAAP EPS of approximately $0.31 cents per share, above prior guidance of $0.27 to $0.28 cents per share. This guidance assumes a tax rate of 26% for the remainder of the year. Management expects growth in tangible book value of approximately $640 million. Management expects to add at least 3.0 million new members in 2025, which represents approximately 30% growth from 2024 levels.”