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SoFi Earnings Lift Stock. The Fintech’s Mission to Become a ‘One-Stop-Shop’ Is Working.

Oct 28, 2025 07:00:00 -0400 by Mackenzie Tatananni | #Fintech #Earnings Report

SoFi CEO Anthony Noto touted SoFi’s “consistent” growth as the company reported third-quarter earnings. (Photograph by Sean M. Haffey/Getty Images)

Key Points

SoFi Technologies posted yet another quarter of strong earnings and hiked its full-year outlook for the second time this year. The fintech is on a roll, and it shows no sign of slowing down.

Third-quarter adjusted earnings of 11 cents a share came in above the 8 cents analysts had anticipated. Adjusted net revenue of $950 million beat forecasts of $889 million by a comfortable margin.

Shares gained 3.3% to $30.98 on Tuesday. The benchmark S&P 500 was up slightly. SoFi has gained 94% this year and nearly 186% over the past 12 months.

Created with Highcharts 9.0.1SoFi TechnologiesStock ticker: SOFISource: FactSetAs of Oct. 29, 4 p.m. ET

Created with Highcharts 9.0.1Aug. 2025Oct.20222426283032$34

While SoFi has moved beyond its original business model as a student loan refinancing company, the company saw strength in its lending segment. Total loan originations grew 57% to $9.9 billion in the quarter.

Within that category, personal loan originations reached an “all-time high” of $7.5 billion, SoFi said. Student loan originations, the core of SoFi’s business at the time of its founding, rose 58% to $1.5 billion. The company recorded nearly $945 million in home loan originations, including $352 million in home equity loans.

On the heels of such strong results, SoFi hiked its full-year outlook for the second time this year. The company now expects $3.54 billion in adjusted net revenue, up from previous guidance of $3.375 billion. The figure implies roughly 36% growth year over year and comes in above the $3.46 billion analysts expected.

The company also guided for adjusted Ebitda of $1.035 billion, up from $960 million, and adjusted earnings of roughly 37 cents a share, above prior guidance of 31 cents. Analysts polled by FactSet were looking for 32 cents.

A record 905,000 new members joined SoFi in its latest quarter, representing 35% growth from the same period last year and bringing total members to around 12.6 million.

Notably, existing customers were among the biggest users of SoFi’s products. Cross-buy reached its highest level since 2022, with roughly 40% of new products opened by existing SoFi members.

In the eyes of CEO Anthony Noto, this result embodies of SoFi’s mission to become a “one-stop-shop” for its users, spanning the areas of banking, loans, and investing.

“Our growth has been consistent,” Noto said in an interview with Barron’s. “It’s not that volatile like other companies and that’s a function of the fact that it’s broad-based and very profitable.”

The fintech has taken steps to embrace emerging technology. Last quarter, it launched international remittances through the blockchain, moving one step closer to re-entering the world of cryptocurrency after a two-year hiatus.

Later this year, customers will be able to buy, sell, and hold a variety of tokens in the SoFi app. The fintech also plans to launch its own stablecoin, a cryptocurrency pegged to the U.S. dollar, which will be integrated into various products by the end of 2025.

SoFi’s return to crypto coincides with increasing hype around the technology. When asked if SoFi was embracing the technology in response to consumer preferences or genuine conviction in its power to transform financial services, Noto said it was a matter of both.

“We know our members want to be able to buy a broad selection of assets and capabilities, and we used to have cryptocurrency available on the platform, so we’re giving them what they want,” Noto said.

Beyond catering to customer interest, “we see it as a way to send payments faster, cheaper, and safer than using regular remittance,” the CEO added. “I think it’s just a better technology and one we can drive more innovation from.”

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com