SoFi Technologies’ Q3 Growth Signals Long-Term Potential Amid Market Skepticism
SoFi Technologies (SOFI) has defied expectations with a 200% surge over the past year, culminating in a record Q3 performance. Net revenue climbed 38% to $950 million, while fee-based revenue spiked 50% to $409 million—now representing 43% of total income. The fintech’s capital-light model appears to have reached escape velocity, yet post-earnings dip suggests markets had already priced in perfection.
Member growth and product adoption continue compounding, reinforcing the bull case. Wall Street may still be underestimating the durability of this momentum. "The numbers speak to a business hitting its stride," observes one analyst, noting fee revenue’s acceleration as a structural advantage.