SoFi Technologies (NASDAQ:SOFI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI) released its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.11 earnings per share. SoFi Technologies’s quarterly revenue was up 44.4% compared to the same quarter last year.

Here are the key takeaways from SoFi Technologies’ conference call:

• SoFi raised its 2026 guidance to $5.04 billion in adjusted net revenue, $1.66 billion in adjusted EBITDA, and $0.61 in adjusted EPS. Management also introduced preliminary 2027 guidance for $6.4 billion of revenue, $2.24 billion of EBITDA, and $0.90 of EPS.
• Member and product growth remained strong, with members up 35% year over year to 17.1 million and products up 44% to 26.7 million. Products per member rose to 1.56, while fee-based revenue increased to 42% of total revenue, supporting SoFi’s diversification strategy.
• Lending demand and credit performance were favorable, including record $16.9 billion of total originations, a 6.14% net interest margin, and personal-loan net charge-offs improving to 3.4%. Management said 2027 growth will increasingly include home loans, student-loan refinancing, and the capital-light Loan Platform Business.
• Management said planned 2027 growth can be funded organically without a capital raise, supported by $9.6 billion of equity capital, a 17% total capital ratio, and expected earnings growth. The company also reported effective hedging against more than $800 million of fair-value losses from rate movements.
• Technology Platform revenue declined roughly 20% to 24% year over year because of the previously disclosed transition of a large client, although revenue excluding that client grew 18%. SoFi Plus membership growth also fell short of expectations in Q3 due to fraud-related issues, despite management maintaining its goal of reaching 1 million subscribers.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $15.92 on Tuesday. SoFi Technologies has a 12-month low of $13.86 and a 12-month high of $32.73. The business’s fifty day simple moving average is $16.66 and its 200-day simple moving average is $18.10. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market cap of $20.56 billion, a PE ratio of 32.75, a PEG ratio of 0.85 and a beta of 2.33.

Key SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Quarterly results exceeded expectations. SoFi reported approximately $1.37 billion in third-quarter revenue versus the $1.25 billion consensus estimate, while earnings per share of $0.18 topped analyst expectations of roughly $0.16–$0.17. Net income reached a record $241 million, and revenue increased 44% year over year. SoFi Reports Third Quarter 2026
• Positive Sentiment: Lending and membership growth remained robust. Lending volume surged 71%, and membership reached approximately 17 million after another strong quarter of customer additions. The figures support management’s argument that SoFi is still gaining share from traditional financial institutions. Why is SoFi stock jumping today?
• Positive Sentiment: Management raised guidance and issued an optimistic 2027 outlook. SoFi now expects about $5.04 billion in adjusted revenue and $0.61 in adjusted EPS for 2026. Its initial 2027 forecast calls for adjusted EPS of roughly $0.90, implying approximately 48% growth and providing a catalyst for the shares. SoFi Expects to Earn 48% More in 2027
• Positive Sentiment: Analyst support added to the bullish reaction. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, suggesting substantial upside from the referenced $14.46 level. SoFi receives a fresh Buy rating
• Neutral Sentiment: Investors will continue to monitor credit quality, net interest margins and the effect of interest rates on borrowing demand. SoFi’s high beta and valuation also leave the stock vulnerable to broad market volatility.
• Negative Sentiment: Prior concerns remain, including the stock trading well below its 52-week high and an earlier Truist price-target reduction to $16. These issues could limit gains if the strong guidance fails to translate into sustained profitability. Truist cuts target for SoFi

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SOFI shares. Monness Crespi & Hardt started coverage on SoFi Technologies in a report on Monday. They issued a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company reduced their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Morgan Stanley reduced their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 30th. Needham & Company LLC dropped their target price on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.95.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,203 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total transaction of $150,188.16. Following the sale, the executive vice president owned 397,870 shares in the company, valued at approximately $5,856,646.40. This trade represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,316 shares of company stock worth $852,605 over the last three months. Corporate insiders own 2.50% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.