Overview

• SoFi reported second-quarter revenue of $854.9 million, up 43% year-over-year, and GAAP EPS of $0.08, exceeding analysts’ forecasts of $809.1 million and $0.06 per share.
• Management raised full-year 2025 guidance to about $3.375 billion in adjusted net revenue and $0.31 in GAAP EPS, surpassing previous targets.
• Fee-based revenue climbed 72% to $377.5 million and membership grew 34% to a record 11.7 million, reflecting progress in diversifying beyond lending.
• Shares jumped as much as 15% in intraday trading on the earnings surprise before falling over 8% in after-hours trading on news of the equity offering.
• The $1.5 billion underwritten offering includes a 30-day option for underwriters to buy up to an additional 15% of shares, with proceeds earmarked for general corporate purposes.