SoFi reports strong Q3 results and raises full‑year profitability guidance
SoFi Technologies posted third‑quarter revenue of $1.37 billion, topping analysts’ estimates by 8.5%, and delivered adjusted earnings per share of $0.18. The company added 1.2 million new members, bringing its total to 17.1 million, and highlighted growth in lending and fee‑based services. It lifted its full‑year adjusted EBITDA outlook to $2.24 billion and projected FY 2027 adjusted net revenues of $6.4 billion with EPS of $0.90.
Why it matters
The company says the raised guidance reflects accelerating customer acquisition and higher‑margin financial‑services revenue, which could improve profitability expectations for investors. Analysts note the outlook and earnings beat may support a higher valuation for the stock.
Key facts
- 1Q3 revenue was $1.37 billion, beating estimates by 8.5%. finance.yahoo.com
- 2Adjusted EPS for Q3 was $0.18, beating estimates by 7.4%. finance.yahoo.com
- 3SoFi added 1.2 million new members in the quarter, total members now 17.1 million. finance.yahoo.com
- 4Full‑year adjusted EBITDA guidance was raised to $2.24 billion. finance.yahoo.com
- 5FY 2027 adjusted net revenue guidance is $6.4 billion. seekingalpha.com
- 6FY 2027 adjusted EPS guidance is $0.90. seekingalpha.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.