TLDR
- SoFi posted Q3 revenue of $961.6M, beating estimates by 7.4% and growing 38% year-over-year
- The company added a record 905,000 new members in the quarter, bringing total members to 12.6 million
- Loan originations hit a record $9.9B, up 57% year-over-year, with personal loans reaching an all-time high
- Fee-based revenue jumped 50% to $409M, showing the diversification strategy is working
- Full-year guidance was raised with adjusted net revenue now expected at $3.54B and adjusted EPS at $0.37
SoFi Technologies posted third-quarter results that beat analyst expectations across the board. Revenue hit $961.6 million, crushing the $895 million consensus by 7.4 percent.
The fintech company grew revenue 38 percent year-over-year. Earnings per share came in at $0.11, topping the $0.08 estimate.
Shares traded near $30.91 following the report. The stock has more than doubled in 2025.
The company added 905,000 new members in the quarter. That’s a record for SoFi.
Total membership now stands at 12.6 million, up 35 percent from last year. Members added 1.4 million new products during the quarter.
Total products across the platform reached 18.6 million, growing 36 percent year-over-year. This shows users are sticking around and using multiple services.
Loan originations hit $9.9 billion in the quarter. That’s up 57 percent from the same period last year and marks another record.
Personal loan originations reached an all-time high of $7.5 billion. Student loan originations grew 58 percent to $1.5 billion.
Home lending set a new record with nearly $945 million in originations. The Loan Platform Business originated $3.4 billion on behalf of third parties.
Fee Revenue Shows Diversification
Fee-based revenue jumped 50 percent to $408.7 million. This metric matters because it shows the company isn’t just relying on lending.
The Loan Platform Business alone generated $167.9 million in revenue. When members use multiple products, fee revenue grows.
This is the “one-stop shop” strategy in action. Members aren’t just borrowing money and leaving.
Net income surged 141 percent to $139.4 million. Adjusted EBITDA expanded 49 percent to $276.9 million.
These numbers show profitability at scale. The company is growing fast and making real money doing it.
Net interest income rose 36 percent year-over-year to $585.1 million. Average interest-earning assets grew 29 percent.
Cost of funds decreased by 76 basis points. Lower funding costs help margins.
Guidance Gets a Boost
Management raised full-year guidance across multiple metrics. Adjusted net revenue is now expected to reach approximately $3.54 billion.
That’s up from the previous forecast of $3.375 billion. The new guidance represents 36 percent annual growth.
Adjusted EPS guidance moved to $0.37 from $0.31. Adjusted EBITDA guidance sits at roughly $1.035 billion.
The company projects at least 3.5 million new members for the full year. CEO Anthony Noto called the quarter “exceptional” in prepared remarks.
He said the strategy is “battle-tested and built to outperform.” After years of proving the model works, SoFi is executing at scale.
The company did flag one area of concern. Multifamily lending activity decreased during the quarter.
This segment has been a growth driver for fintech lenders. Any sustained slowdown could pressure future originations, though it’s a minor issue in an otherwise strong report.
The stock trades at 60x trailing P/E, which reflects high expectations. Any disappointment in Q4 or 2026 guidance could trigger selling pressure.
SoFi shares gained 2.6 percent on Tuesday following the earnings release, holding near recent highs as investors digested the record quarter.
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