SoFi Technologies (NASDAQ:SOFI) Announces Earnings Results

SoFi Technologies (NASDAQ:SOFI) issued its quarterly earnings results on Wednesday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, FiscalAI reports. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. SoFi Technologies updated its FY 2026 guidance to 0.600-0.600 EPS.

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

• Exceptional growth and profitability: Q2 adjusted revenue rose 40% year over year to $1.2 billion, while adjusted EBITDA increased 44% to $358 million, producing a 30% margin and the company’s 11th consecutive profitable quarter.
• Member engagement is accelerating: SoFi added a record 1.1 million members and 2.2 million products, with products growing 42% year over year and cross-buying rising to 51% of new products. SoFi Plus surpassed 200,000 paid subscribers, while SoFi Coach generated nearly 500,000 conversations shortly after launch.
• Lending and fee-based businesses expanded strongly: Total loan originations reached a record $14.8 billion, including $10.7 billion in personal loans, while the Loan Platform Business added SMB and home-equity capabilities and secured agreements with Sixth Street and BasePoint Capital.
• Full-year revenue outlook was raised: SoFi now expects 2026 adjusted revenue of $4.75 billion to $4.85 billion, or approximately 32%-35% growth, supported by strong demand, deposits, and capital-light fee businesses.
• Profit guidance was not increased despite the revenue raise: Management plans to reinvest incremental revenue into growth initiatives, maintaining adjusted EBITDA guidance near $1.6 billion and EPS guidance at approximately $0.60; the EPS outlook also reflects a higher 22% tax rate, up from the originally expected mid-teens rate.

SoFi Technologies Trading Down 8.3%

SOFI traded down $1.39 during trading on Wednesday, hitting $15.35. 124,666,146 shares of the stock traded hands, compared to its average volume of 70,151,992. The firm has a market capitalization of $19.70 billion, a P/E ratio of 34.83 and a beta of 2.14. SoFi Technologies has a 12-month low of $14.01 and a 12-month high of $32.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm has a 50-day moving average of $17.27 and a 200 day moving average of $18.61.

SoFi Technologies News Summary

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

• Positive Sentiment: Revenue and earnings exceeded expectations. SoFi reported second-quarter adjusted EPS of $0.12, versus the $0.11 consensus estimate, while revenue reached $1.21 billion, ahead of forecasts for $1.11 billion. Revenue increased 42.5% year over year. SoFi Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Customer and lending growth remained strong. Membership rose 35% to 15.8 million, and quarterly loan originations reached a record $14.8 billion. Stable credit quality and resilient borrowers supported continued loan-book and interest-income growth. SoFi Lifts 2026 Revenue Forecast
• Positive Sentiment: Full-year revenue guidance was raised. SoFi now expects 2026 revenue of approximately $4.8 billion to $4.9 billion, above the roughly $4.7 billion analyst consensus. The company maintained its $0.60 EPS outlook, modestly above the $0.59 consensus. SoFi Lifts 2026 Revenue Forecast
• Neutral Sentiment: Growth investments expanded SoFi’s brand reach. A new multi-year partnership makes SoFi the official financial-services partner of Notre Dame Athletics and includes a jersey patch and financial-education initiatives. The deal may improve customer acquisition, but its near-term earnings contribution is uncertain. SoFi and Notre Dame Athletics Partnership
• Negative Sentiment: The earnings beat was not enough to satisfy investors. Profit guidance was unchanged despite the revenue upgrade, raising concerns that costs, margins or execution may limit earnings growth. Uncertainty over U.S. interest rates also remains important for SoFi’s lending and funding economics. Why SoFi Stock Fell Despite Earnings Beat
• Negative Sentiment: Valuation and insider selling added pressure. With a relatively elevated earnings multiple and shares trading below their longer-term moving averages, investors may be demanding stronger profit acceleration. Separately, EVP Kelli Keough sold 10,954 shares under a pre-arranged Rule 10b5-1 plan, a relatively minor but potentially negative sentiment signal. SEC Insider Trading Filing

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SOFI. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group boosted their price target on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley set a $16.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. UBS Group reduced their price objective on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Needham & Company LLC decreased their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $22.83.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares in the company, valued at approximately $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SOFI. Brighton Jones LLC raised its holdings in shares of SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in SoFi Technologies in the first quarter valued at $129,000. Empowered Funds LLC increased its position in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after purchasing an additional 1,631 shares during the period. Franklin Resources Inc. increased its position in SoFi Technologies by 23.2% during the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock valued at $251,000 after purchasing an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in SoFi Technologies in the 2nd quarter worth $4,633,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.