SoFi Technologies (NASDAQ:SOFI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI) posted its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, FiscalAI reports. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. SoFi Technologies’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. 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 Price Performance

Shares of SOFI stock traded down $0.35 during trading hours on Friday, reaching $16.12. The company had a trading volume of 14,815,258 shares, compared to its average volume of 70,333,320. SoFi Technologies has a 12-month low of $14.88 and a 12-month high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 33.58 and a beta of 2.14. The stock has a fifty day moving average of $17.27 and a 200-day moving average of $18.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Mizuho set a $29.00 target price on SoFi Technologies in a report on Wednesday, May 6th. TD Cowen lowered their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Stephens dropped their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $22.67.

More SoFi Technologies News

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

• Positive Sentiment: Record operating performance: Q2 revenue reached approximately $1.21 billion, up about 40% year over year, while adjusted EPS of $0.12 exceeded the $0.11 consensus estimate. SoFi also recorded its 11th consecutive profitable quarter. SoFi Technologies Q2: The Everything App Inflection Just Showed Up In The Numbers
• Positive Sentiment: Revenue outlook raised: Management increased its full-year 2026 revenue guidance following record loan originations, member additions and product growth. Existing members generated 51% of new products, while fee-based revenue rose to 39% of total revenue, supporting SoFi’s “everything app” strategy. SOFI Q2 Earnings Call Highlights Product Expansion and Guidance
• Positive Sentiment: Expansion initiatives continue: SoFi is investing in AI-powered financial coaching and broader product integration, which could increase customer engagement and cross-selling over time. SoFi expects big win from AI-powered financial coaching service
• Neutral Sentiment: Analyst caution remains: Morgan Stanley cut its price target to $15 from $16 and kept an Underweight rating, arguing that growth is becoming more capital intensive. Wells Fargo also reduced its target to $17 while maintaining Equal Weight. Why Wall Street Is Slashing Price Targets
• Negative Sentiment: Profit guidance was unchanged: Despite the revenue beat, SoFi maintained its full-year EPS outlook as it reinvests growth into the business. A higher tax rate also suppressed headline EPS optics, disappointing investors who expected greater earnings leverage.
• Negative Sentiment: Credit losses increased: Net charge-offs rose to $204.5 million from $160.3 million a year earlier, adding concern about lending risk as originations expand. SoFi Is Down After Raising Revenue Outlook Despite Higher Net Charge-Offs
• Negative Sentiment: Insider selling pressured sentiment: Executive Kelli Keough sold 10,954 shares, contributing to a gap lower and reinforcing near-term selling pressure. SoFi Shares Gap Down After Insider Selling

Insider Buying and Selling

In related news, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, with a total value of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders have sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SOFI. Raiffeisen Bank International AG acquired a new stake in SoFi Technologies during the fourth quarter worth about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in SoFi Technologies by 157.1% during the fourth 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 during the period. Ossiam acquired a new position in SoFi Technologies in the 3rd quarter valued at about $86,000. Smartleaf Asset Management LLC grew its stake in shares of SoFi Technologies by 27.8% in the 4th 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 during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.