Sofi Targets Record Member Growth Amid Surging Earnings

Bassyonni

ago 3 hours

SoFi Technologies (SOFI) recently announced impressive earnings and revenue, surpassing Wall Street expectations. The report was released on Tuesday, detailing the company’s performance for the third quarter.

Sofi Targets Record Member Growth Amid Surging Earnings

For the September quarter, the San Francisco-based fintech company reported earnings of 11 cents per share. This reflects a remarkable increase compared to analysts’ predictions of 8 cents. Additionally, SoFi’s net adjusted revenue rose 38% to $950 million, exceeding the forecasted $889 million.

Year-On-Year Performance

In the same quarter last year, SoFi reported a profit of 5 cents per share under generally accepted accounting principles (GAAP). This year’s growth trajectory highlights the company’s significant financial success.

Membership Growth and Strategy

SoFi also achieved a record membership growth, adding 905,000 new members in the quarter. This growth bolstered the total membership to an impressive 12.6 million.

Updated Revenue Guidance for 2025

The company revised its 2025 guidance, now targeting an adjusted net revenue of $3.54 billion, up 36% from previous estimates of 30% growth. This optimistic forecast indicates SoFi’s commitment to expanding its services and market reach.

Stock Performance and Market Reactions

In initial trading following the earnings report, SoFi stock saw a modest rise. However, it later declined by 2% to $29.40. Despite this fluctuation, SoFi shares have shown a remarkable increase of 91% in 2025.

Diverse Offerings and Business Expansion

Founded in 2011, SoFi initially focused on student loan refinancing. The company has since diversified its offerings, which now include personal loans, credit cards, mortgages, investment accounts, and more. SoFi also holds a banking license, enhancing its competitiveness in the fintech sector.

Investment offerings now include access to private market funds.
A new co-branded debit card program has recently been launched.

SoFi’s loan platform significantly contributed to its Q3 success, as it originated loans both for its own portfolio and for partners.

Composite Rating and Market Position

The company boasts a Composite Rating of 99 out of a highest possible score of 99. This composite score consolidates five individual proprietary ratings, showcasing SoFi’s position among top-growth stocks that meet rigorous investment criteria.

With a bright outlook and record growth in membership, SoFi demonstrates its potential to redefine the landscape of financial services going forward.