Overview
- SoFi posted a strong Q3 2025, with adjusted net revenue up about 38%, non-GAAP EPS of $0.11, GAAP net income near $139 million, and adjusted EBITDA of $277 million.
- The company added roughly 905,000 members in the quarter to reach about 12.6 million, with products expanding to around 18.6 million as it pursues cross-selling to younger customers.
- Fee-based revenue rose about 50% year over year and Financial Services revenue increased roughly 76%, highlighting a shift away from reliance on interest income.
- Shares have climbed roughly 100% or more over the past six months as investors re-rated the business on faster growth and sustained profitability.
- A roughly $1.5 billion equity offering has drawn scrutiny over dilution and capital allocation, with some commentators describing the stock as expensive at a mid-70s forward EPS multiple.