SoFi Technologies (NASDAQ:SOFI) Issues Earnings Results

SoFi Technologies (NASDAQ:SOFI) announced its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, FiscalAI reports. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. 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 Stock Performance

Shares of SOFI stock traded up $0.64 during midday trading on Thursday, hitting $15.88. 17,081,115 shares of the company were exchanged, compared to its average volume of 70,270,250. SoFi Technologies has a 52 week low of $14.88 and a 52 week high of $32.73. The firm has a market capitalization of $20.38 billion, a P/E ratio of 36.06 and a beta of 2.14. The firm’s 50 day moving average price is $17.26 and its two-hundred day moving average price is $18.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75.

Wall Street Analyst Weigh In

A number of research firms recently commented on SOFI. Truist Financial lifted their price target on SoFi Technologies from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Mizuho set a $29.00 price objective on SoFi Technologies in a research note on Wednesday, May 6th. Citigroup cut their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Barclays reduced their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, The Goldman Sachs Group boosted their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given 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 $22.72.

Insiders Place Their Bets

In related news, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 135,256 shares of company stock worth $2,370,822 over the last three months. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Raiffeisen Bank International AG acquired a new position in shares of SoFi Technologies in the fourth quarter valued at about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of SoFi Technologies by 157.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,800 shares of the company’s stock worth $47,000 after purchasing an additional 1,100 shares in the last quarter. Ossiam bought a new position in shares of SoFi Technologies during the third quarter worth approximately $86,000. Smartleaf Asset Management LLC raised its position in shares of SoFi Technologies by 27.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,602 shares of the company’s stock valued at $96,000 after buying an additional 783 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $112,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Second-quarter results beat expectations. SoFi reported $1.21 billion in revenue, up 42.5% year over year, and adjusted earnings of $0.12 per share versus the $0.11 consensus estimate. Record loan originations of $14.8 billion and 35% membership growth to 15.8 million demonstrate continued demand. SoFi second-quarter earnings report
• 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. Management also highlighted record member and product additions, stable credit quality and increased cross-selling, with existing members accounting for 51% of new products. SoFi raises 2026 revenue forecast
• Positive Sentiment: Long-term growth investments remain intact. Management said artificial intelligence is improving engineering productivity and customer service while supporting SoFi’s broader financial-services ecosystem. Investors also purchased unusually large volumes of SOFI call options, indicating some traders remain positioned for a rebound. SoFi call option activity
• Neutral Sentiment: Brand expansion adds potential but limited immediate earnings impact. SoFi entered a multiyear partnership with Notre Dame Athletics as its official financial-services partner, including a jersey patch, scholarships and athlete financial education. The agreement may improve customer acquisition and brand awareness, but it also adds marketing costs. SoFi Notre Dame partnership
• Negative Sentiment: Unchanged profit guidance disappointed investors. Although revenue guidance increased, SoFi kept its 2026 earnings-per-share outlook at $0.60, only modestly above the $0.59 consensus. The combination suggested that higher growth spending, including investments in AI and customer expansion, may delay margin improvement.
• Negative Sentiment: Execution and macroeconomic concerns remain. Investors are questioning whether SoFi can convert rapid loan and member growth into sustained profitability amid elevated interest rates, uncertain rate policy, credit risk and a still-demanding valuation. A pre-arranged Rule 10b5-1 sale of 10,954 shares by EVP Kelli Keough added a minor sentiment overhang. SoFi insider selling

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.