SoFi Soars: Blows Past Expectations with Skyrocketing Profits

In a remarkable performance, SoFi Technologies (NASDAQ: SOFI) has reported exceptional results for the 2025 second quarter. The online bank has smashed expectations, with accelerated adjusted net revenue growth and skyrocketing profits.

SoFi's adjusted net revenue increased by an impressive 44% year-over-year, reaching $854.9 million, well above the company's guidance of 31% to 35% growth and Wall Street's expectations of $804.36 million. This represents the company's highest quarterly growth rate in two years.

Earnings per share (EPS) were $0.08, exceeding the expected $0.06 and marking a remarkable 700% increase from $0.01 in the previous year. CEO Anthony Noto attributed this breakout performance to the company's investments in its platform, which have driven another quarter of record member growth. SoFi added 850,000 new members in the quarter, a 34% increase over last year, bringing the total to 11.7 million.

The company's financial services segment, which accounts for 89% of total product growth, has been the primary driver of this success. These low-cost, fee-based products have been building the bottom line, with financial services revenue increasing by 106% to $362.5 million and contribution profit up by 241%.

Additionally, SoFi's lending segment has also enjoyed accelerating growth, up 30% year-over-year, maintaining its position as the largest of the company's segments with $443.5 million in revenue.

Based on these impressive results, SoFi has raised its full-year guidance from 24% to 27% growth to 30%, and its EPS from $0.27 or $0.28 to $0.31. The company's understanding of its target clientele and upgrades to the platform are clearly paying off, and SoFi still has a long growth runway ahead.