SoFi Technologies Stock Skyrockets After Stellar Q2 Earnings and Upgraded Forecast

SoFi just gave Wall Street a caffeine jolt—beating expectations and hiking its full-year guidance. The fintech disruptor’s stock surged as bulls piled in, proving once again that even in a shaky market, growth stories get rewarded.

The Numbers Don’t Lie

Revenue climbed, losses narrowed, and user growth accelerated—classic ingredients for a short squeeze. Analysts scrambled to update models while retail traders high-fived over meme-worthy charts.

But Here’s the Catch

Student loans are back on the menu, and SoFi’s banking charter is finally paying off. Yet skeptics whisper: ‘Remember when every neobank was ‘the next big thing’?’

One thing’s certain—today, the bulls are charging. Tomorrow? Ask the Fed.

KEY TAKEAWAYS

• SoFi Technologies shares are jumping 15% in intraday trading Tuesday after the personal finance tech firm posted better-than-estimated results and boosted its revenue and earnings outlook.
• The company is a favorite among retail traders.
• SoFi also said its management team expects to add at least 3 million new members this year, an approximately 30% rise year-over-year.

SoFi Technologies (SOFI) shares are jumping 15% in intraday trading Tuesday after the personal finance tech firm posted better-than-estimated results and boosted its revenue and earnings outlook.

The company, a favorite among retail traders, posted second-quarter earnings per share (EPS) of 8 cents on revenue that ROSE 43% year-over-year to $854.9 million. Analysts polled by Visible Alpha had expected 6 cents and $809.1 million, respectively. The company said that its members grew 34% year-over-year in the second quarter to a record 11.7 million members.

Citing "the strong first half of the year," the company raised its guidance for the full year. It said it now expects to record adjusted net revenue of approximately $3.375 billion, $65 million higher than the top end of its prior guidance range of $3.235 billion to $3.310 billion. It also projected full-year GAAP EPS of around $0.31, above prior guidance of $0.27 to $0.28.

The new projections are above Visible Alpha estimates of full-year 2025 revenue of $3.31 billion and EPS of $0.28 a share.

SoFi also said its management team expects to add at least 3 million new members this year, an approximately 30% rise year-over-year.

SoFi shares tumbled more than 10% in January when the company issued disappointing full-year guidance. It posted record net revenue and raised its guidance in late April, however, and its shares are now almost 60% higher so far this year.