SoFi Technologies Inc
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.15%.
Did SOFI Beat Earnings? Q2 2025 Results
SoFi Technologies delivered a standout second quarter of 2025, posting earnings per share of $0.08 against a consensus estimate of $0.06, a beat of 34.23%, while revenue of $854.94 million topped expectations of $804.36 million by 6.29%. The driving force behind the quarter was the rapid expansion of fee-based revenue, which climbed 72% year-over-year to a record $377.50 million, reflecting SoFi's deliberate pivot away from balance-sheet lending toward higher-margin, capital-light income streams. The Loan Platform Business alone originated $2.40 billion in third-party loans during the period, running at an annualized pace exceeding $9.50 billion. Member growth reinforced the momentum, with total members reaching 11.7 million, up 34% year-over-year. Management responded to the strong results by raising full-year 2025 adjusted net revenue guidance to approximately $3.38 billion, implying roughly 30% annual growth, alongside a GAAP net income target of approximately $370 million and EPS of approximately $0.31 per share.
- Fee-based revenue up 72% YoY to record $377.5 million
- Loan Platform Business originated $2.4 billion in loans on behalf of third parties, up 57% sequentially
- Net interest income up 26% YoY to $517.8 million driven by 24% increase in average interest-earning assets and 77 bps decrease in cost of funds
- Record 850,000 new members in the quarter, bringing total to 11.7 million
- Financial Services revenue per product up over 50% YoY
- Interchange fee revenue up 83% YoY driven by ~$18 billion annualized spend
- Personal loan annualized charge-off rate decreased from 3.31% to 2.83%
- Total deposits grew to $29.5 billion with ~90% from direct deposit members
- Unaided brand awareness reached all-time high of 8.5%
“We had an exceptional second quarter, driving durable growth and strong returns through our relentless focus on product innovation and brand building.”
SoFi Technologies CEO, on the earnings call
Forward Guidance & Outlook
Management raised full-year 2025 guidance significantly. Adjusted net revenue is now expected at approximately $3.375 billion (up from prior range of $3.235-$3.310 billion), implying approximately 30% annual growth. Adjusted EBITDA is expected at approximately $960 million (up from $875-$895 million), representing a 28% EBITDA margin. GAAP net income is expected at approximately $370 million (up from $320-$330 million). GAAP EPS is expected at approximately $0.31 per share (up from $0.27-$0.28). The company expects tangible book value growth of approximately $640 million and at least 3.0 million new members in 2025, representing approximately 30% growth from 2024 levels. Guidance assumes a 26% tax rate for the remainder of the year.
SOFI YoY Financials
SOFI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.