SoFi Technologies (NASDAQ:SOFI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI) issued its quarterly earnings data on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 44.4% compared to the same quarter last year.

Here are the key takeaways from SoFi Technologies’ conference call:

• SoFi raised its 2026 guidance to $5.04 billion in adjusted net revenue, $1.66 billion in adjusted EBITDA, and $0.61 in adjusted EPS. Management also introduced preliminary 2027 guidance for $6.4 billion of revenue, $2.24 billion of EBITDA, and $0.90 of EPS.
• Member and product growth remained strong, with members up 35% year over year to 17.1 million and products up 44% to 26.7 million. Products per member rose to 1.56, while fee-based revenue increased to 42% of total revenue, supporting SoFi’s diversification strategy.
• Lending demand and credit performance were favorable, including record $16.9 billion of total originations, a 6.14% net interest margin, and personal-loan net charge-offs improving to 3.4%. Management said 2027 growth will increasingly include home loans, student-loan refinancing, and the capital-light Loan Platform Business.
• Management said planned 2027 growth can be funded organically without a capital raise, supported by $9.6 billion of equity capital, a 17% total capital ratio, and expected earnings growth. The company also reported effective hedging against more than $800 million of fair-value losses from rate movements.
• Technology Platform revenue declined roughly 20% to 24% year over year because of the previously disclosed transition of a large client, although revenue excluding that client grew 18%. SoFi Plus membership growth also fell short of expectations in Q3 due to fraud-related issues, despite management maintaining its goal of reaching 1 million subscribers.

SoFi Technologies Stock Performance

Shares of SOFI opened at $16.40 on Wednesday. SoFi Technologies has a fifty-two week low of $13.86 and a fifty-two week high of $32.73. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 34.17 and a beta of 2.33. The firm has a 50-day simple moving average of $16.63 and a 200-day simple moving average of $18.04.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 50,316 shares of company stock worth $852,605 in the last 90 days. 2.50% of the stock is currently owned by insiders.

SoFi Technologies News Roundup

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Q3 results exceeded expectations. SoFi reported adjusted earnings of $0.18 per share versus the $0.17 consensus estimate, while revenue reached approximately $1.37 billion to $1.39 billion, well above expectations of $1.25 billion. Revenue rose 44.4% year over year, and net income reportedly reached $241 million. SoFi Technologies Q3 earnings report
• Positive Sentiment: Management raised its 2026 outlook. SoFi now expects approximately $5.04 billion in adjusted net revenue and about $0.61 in adjusted earnings per share for 2026, citing strong demand for lending and continued member growth. SoFi lifts outlook
• Positive Sentiment: The 2027 targets were a major catalyst. SoFi projected roughly $6.4 billion in adjusted net revenue and $0.90 in adjusted EPS for 2027, implying approximately 48% earnings growth. Management also said organic capital generation should fund next year’s expansion without requiring additional capital. SoFi 2027 outlook
• Positive Sentiment: Growth metrics remained strong. Membership reportedly reached 17 million, lending increased sharply, and the company continues expanding products including crypto, tokenized deposits and financial technology services. CEO Anthony Noto said SoFi could quadruple products by 2030. Why SoFi stock increased
• Positive Sentiment: Analyst coverage added support. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, above the recent trading level. Monness Crespi SoFi rating
• Neutral Sentiment: Investors are likely to focus on whether SoFi can sustain rapid growth and improve revenue per product as its member base expands.
• Negative Sentiment: Management highlighted persistent fraud, cybersecurity and operational risks, while higher interest rates and the stock’s elevated valuation remain potential headwinds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SOFI shares. Benchmark upgraded SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Mizuho lowered their target price on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Bank of America reissued an “underperform” rating and issued a $16.50 price objective on shares of SoFi Technologies in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.05.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.