SoFi Adds Record 1.2 Million Members, Lifts Revenue Outlook

What happened

SoFi reported third-quarter adjusted earnings per share of $0.18, beating the $0.16 consensus, on record adjusted net revenue of $1.37 billion, up 44%. Members rose 35% to 17.1 million, with a record 1.2 million added, and shares rose 10.65% before the market opened.

Confirmed

Global impact / market context

Strong member growth and record loan originations of $16.9 billion show SoFi is winning more customers and lending more, which lifts revenue and profit. Raising its 2026 revenue outlook signals management expects the momentum to continue, a positive sign for investors.

Analyst inference

SoFi's results beat analyst estimates on revenue and earnings, and its deposit growth of $5.8 billion gives it cheaper funding for loans. However, Technology Platform revenue fell 24% after a large client left, a weak spot within otherwise strong results.

Analyst inference

What to watch

1. SoFi raised its 2026 outlook to about $5.04 billion of adjusted net revenue and $1.66 billion of adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), while keeping adjusted EPS guidance at about $0.61. Confirmed
2. SoFi introduced a 2027 outlook of about $6.4 billion of adjusted net revenue and $0.90 of adjusted EPS, which it said is well ahead of analyst estimates. Confirmed
3. Watch whether Technology Platform revenue recovers after the large client left before the end of 2025, since a continued decline could offset growth in lending and members. Analyst inference

Evidence

• gurufocus.com