Live: SoFi Jumps After Announcing Q2 Earnings

SoFi Shares are now up 7% in premarket trading.

SoFi Technologies reported strong financial results for Q2 2025, with net revenue reaching a record $854.9 million, a 43% increase year-over-year.

The company achieved a GAAP net income of $97 million, marking its seventh consecutive quarter of profitability. Adjusted net revenue rose by 44% to $858 million, while adjusted EBITDA increased by 81% to $249 million.

SoFi’s member base grew by 34% to 11.7 million, and product offerings expanded by 34% to 17.1 million. Fee-based revenue also hit a record $377.5 million, driven by robust performance in the Loan Platform Business.

The company raised its 2025 guidance, now expecting adjusted net revenue of approximately $3.375 billion and adjusted EBITDA of $960 million. SoFi continues to innovate with new product offerings and plans to launch blockchain-enabled services and AI features.

SOFI | SoFi Technologies Q2’25 Earnings Highlights:

• Adj. EPS: $0.08 ; UP +700% YoY
• Revenue: $854.9M []; UP +43% YoY
• Net Income: $97.3M []; UP +459% YoY

Outlook:

• Revenue: $3.375B ±N/A []
  • Management raised its 2025 guidance, expecting adjusted net revenue of approximately $3.375 billion, which is $65 million higher than the previous top end of $3.310 billion.
  • This implies approximately 30% annual growth compared to the prior guidance of 24% to 27%.

Q2 Segment Performance:

• Financial Services Revenue: $362.5M []; UP +106% YoY
• Technology Platform Revenue: $109.8M []; UP +15% YoY
• Lending Revenue: $443.5M []; UP +30% YoY

Other Key Q2 Metrics:

• Effective Tax Rate: 26%
• Net Interest Income: $517.8M; UP +26% YoY
• Member Growth: 11.7M members; UP +34% YoY
• Product Growth: 17.1M products; UP +34% YoY
• Fee-based Revenue: $377.5M; UP +72% YoY
• Adjusted EBITDA: $249.1M; UP +81% YoY

CEO Commentary:

• Anthony Noto: “We had an exceptional second quarter, driving durable growth and strong returns through our relentless focus on product innovation and brand building. We accelerated adjusted net revenue growth to 44% year-over-year, the highest level in over two years, driven by record high new members, as well as new products, and an increase in fee-based revenue. This consistent, disciplined investment across our platform, combined with unmatched products and services, uniquely positions us to capture the massive and expanding opportunities ahead. Looking forward, we are focusing on innovating faster than ever before to serve more of our members’ needs and increasing our financial guidance for 2025.”

Strategic Updates:

• SoFi announced plans to launch blockchain-enabled international money transfers and a return to crypto investing. Additionally, strategic investments and innovations in AI, with upcoming features like “Cash Coach”, will give even more members tools to optimize their finances.