SoFi Technologies (SOFI) on Tuesday reported that earnings and revenue that topped Wall Street targets. SoFi stock initially rose, then reversed down amid a big 2025 advance.
The financial technology company reported third quarter earnings before the market open. In the September quarter, San Francisco-based SoFi said it earned 11 cents with net adjusted revenue up 38% to $950 million. Analysts had predicted earnings of 8 cents on revenue of $889 million.
A year earlier the company had a 5-cent profit using generally accepted accounting principles, or GAAP.
SoFi added a record 905,000 members in the quarter. With the gain, membership reached 12.6 million.
In addition, SoFi’s updated 2025 guidance calls for adjusted net revenue of $3.54 billion, up 36%, versus earlier guidance of 30% growth.
SoFi Stock Reverses Down
On the stock market today, SoFi stock initially gained, then reversed down. In morning trading, shares retreated 2% to 29.40.
Amid the SoFi earnings report, shares have advanced 91% in 2025.
Founded in 2011, the financial services company was initially known for its student loan refinancing business. But now the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services and financial planning. SoFi also holds a banking license.
The IBD Methodology: How To Invest In Stocks While Managing Risks
It’s expanding into new areas, such as offering investors access to more private market funds. Also, SoFi recently launched a co-branded debit card program.
Sofi’s loan platform business was a Q3 bright spot. In addition to originating loans for their own book, SoFi originates them for partners who purchase them.
SoFi stock owns a Composite Rating of 99 out of a best-possible 99. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
YOU MAY ALSO LIKE:
Is Your Broker Turning Into Your Bookie? Robinhood, DraftKings And More Face Off In Prediction Markets Boom
Want To Trade Options? Try Out These Strategies
Monitor IBD’s “Breaking Out Today” List For Companies Hitting New Buy Points
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
Build Custom Stock Screens With MarketSurge
