Record Quarter Across Every Metric

SoFi Technologies (NASDAQ: SOFI) delivered an impressive third quarter for 2025, posting its strongest results since becoming profitable in 2023. Adjusted net revenue reached a record $950 million, up 38% year-over-year and 12% quarter-over-quarter, surpassing Wall Street expectations of $895 million.

Adjusted EPS came in at $0.11, beating the consensus estimate of $0.09 by 22%, while GAAP net income climbed to $139 million, marking the company’s eighth straight quarter of profitability.

SoFi’s performance was driven by broad-based strength across its ecosystem:

• Fee-based revenue hit $409 million (+50% YoY), representing 43% of total net revenue.
• Financial Services & Tech Platform revenue rose 57% YoY to $534 million.
• Loan originations reached a quarterly record of $9.9 billion, including $7.5 billion in personal loans.

Expanding Membership and Product Adoption

SoFi’s user base continues to grow rapidly. Membership climbed to 12.6 million, a 35% YoY increase, adding 905,000 new members in a single quarter. Total products rose 36% YoY to 18.6 million, highlighting rising engagement across lending, investing, and banking.

Deposits also increased by $3.4 billion sequentially to nearly $33 billion, with tangible book value up $1.9 billion to $7.2 billion—more than doubling over the past two years. These trends demonstrate stronger consumer trust and deeper ecosystem integration.

Profitability Momentum and Upgraded Outlook

Adjusted EBITDA reached $277 million (+49% YoY), reflecting a 29% margin, while net income margin improved to 14.5%. The company noted declining charge-off rates in its personal loan portfolio (down 23 bps to 2.6%), reflecting prudent risk management and credit quality.

Following the strong results, SoFi raised its full-year 2025 guidance:

• Adjusted EPS: ~$0.37 (from $0.32)
• Net Revenue: ~$3.54 billion (+36% YoY)
• Adjusted EBITDA: ~$1.04 billion (29% margin)
• Net Income: ~$455 million (13% margin)
• New Members: ≥ 3.5 million (+34% YoY)

Analyst and Market Reaction

Analysts viewed the quarter as a major confirmation of SoFi’s transformation from a fintech startup into a mature, diversified financial platform. Investment houses including Morgan Stanley and Wedbush reiterated positive outlooks, citing strong operating leverage, expanding deposit base, and consistent profitability.

With nearly $10 billion in loan originations, rising tech-platform revenue, and a solid balance sheet, SoFi is positioned for continued double-digit growth through 2026.

CEO Perspective

CEO Anthony Noto stated:
“Record revenue, record member and product adds—our one-stop-shop strategy continues to deliver durable growth and strong credit performance.”

The Bottom Line

SoFi’s Q3 2025 earnings underline a key milestone in its evolution. The company’s combination of profitability, scale, and growing customer engagement demonstrates a sustainable growth model that positions SoFi as one of the fastest-scaling digital banks in the United States.