SoFi stock got a strong reaction from investors this morning, with shares climbing over 10% in premarket trading.
The company’s second-quarter results came in well above expectations, thanks in large part to a surge in loan originations and solid growth across its key business lines.
Revenue hit a new high, and management’s outlook for the rest of the year came across as confident.
It’s clear the market is responding not just to the numbers, but to the overall tone of momentum coming out of this report.
SoFi stock: Q2 earnings beat estimates
SoFi delivered a strong second quarter, posting $858 million in adjusted net revenue, well ahead of the $804 million analysts had expected and up 44% from a year ago.
Adjusted earnings per share came in at 8 cents, beating forecasts by two cents and marking a sharp jump from the same period last year.
On a GAAP basis, net income rose to $97.3 million, a staggering 459% increase year-over-year. Adjusted EBITDA also climbed 81% to $249.1 million.
What really stood out, though, was the company’s loan growth. SoFi originated a record $8.8 billion in loans for the quarter. Personal loans led the charge, surging 66% to $7 billion.
Student loan originations grew 35% to hit $1 billion, while home loans nearly doubled, up 92% to around $800 million.
SoFi added 850,000 new members in Q2, pushing total membership to 11.7 million, a 34% jump from a year ago. The company also saw strong growth in product adoption, with 1.3 million new products added during the quarter.
What stood out even more was the surge in fee-based revenue, which rose 72% to $377.5 million.
That now makes up nearly half (44%) of SoFi’s adjusted net revenue, showing the company is gaining serious traction beyond just lending.
Raised guidance and growth outlook
After posting a strong second quarter, SoFi bumped up its full-year guidance across the board.
The company now sees adjusted net revenue coming in around $3.375 billion for 2025, which is $65 million higher than what it had previously projected.
Adjusted EBITDA is also getting a lift to $960 million, and net income guidance has been raised to $370 million.
These aren’t minor tweaks; all three numbers came in ahead of what analysts were expecting and suggest that management is confident the momentum can carry through the rest of the year.
Analysts call it a ‘turning point’
SoFi’s strong premarket rally reflected growing investor confidence that the company can keep up its rapid growth while branching further into financial services beyond lending.
A number of analysts called the latest quarter a “turning point,” pointing to the sharp rise in fee-based revenue and the company’s success in getting customers to use multiple products across banking, investing, and lending.
That said, there’s a note of caution in the air.
SoFi shares are already trading at a premium, around 79 times forward earnings, which has some analysts advising patience.
While sentiment remains upbeat, many are recommending holding the stock rather than chasing it after the recent run.
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