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

Key Points

• SoFi beat quarterly expectations: EPS was $0.18 versus the $0.17 consensus, while revenue reached $1.37 billion against estimates of $1.25 billion. Revenue increased 44.4% year over year, and net margin was 14.78%.
• Growth remained strong: Lending volume rose 71% and membership reached approximately 17 million. Management also raised its outlook, projecting about $5.04 billion in adjusted 2026 revenue and $0.61 in adjusted EPS, with initial 2027 adjusted EPS guidance of roughly $0.90.
• Analyst sentiment is mixed: SoFi carries an overall “Hold” rating with an average price target of $21.95, while recent targets ranged from $15 to $24. The stock opened at $14.46 and remains well below its 52-week high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) posted its earnings results on Tuesday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01, Zacks reports. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The business's quarterly revenue was up 44.4% on a year-over-year basis.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $14.46 on Tuesday. The stock has a market capitalization of $18.68 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. SoFi Technologies has a 1 year low of $13.86 and a 1 year high of $32.73. The firm has a 50 day moving average of $16.66 and a 200-day moving average of $18.10.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of research analyst reports. Needham & Company LLC cut their price target on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group set a $15.00 target price on SoFi Technologies in a research report on Tuesday, October 13th. Wells Fargo & Company decreased their price target on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Stonex Financia upgraded SoFi Technologies to a "strong-buy" rating in a research report on Monday, October 12th. Finally, Truist Financial dropped their price objective on SoFi Technologies from $19.00 to $16.00 and set a "hold" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average target price of $21.95.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations. SoFi reported approximately $1.37 billion in third-quarter revenue versus the $1.25 billion consensus estimate, while earnings per share of $0.18 topped analyst expectations of roughly $0.16–$0.17. Net income reached a record $241 million, and revenue increased 44% year over year. SoFi Reports Third Quarter 2026
• Positive Sentiment: Lending and membership growth remained robust. Lending volume surged 71%, and membership reached approximately 17 million after another strong quarter of customer additions. The figures support management’s argument that SoFi is still gaining share from traditional financial institutions. Why is SoFi stock jumping today?
• Positive Sentiment: Management raised guidance and issued an optimistic 2027 outlook. SoFi now expects about $5.04 billion in adjusted revenue and $0.61 in adjusted EPS for 2026. Its initial 2027 forecast calls for adjusted EPS of roughly $0.90, implying approximately 48% growth and providing a catalyst for the shares. SoFi Expects to Earn 48% More in 2027
• Positive Sentiment: Analyst support added to the bullish reaction. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, suggesting substantial upside from the referenced $14.46 level. SoFi receives a fresh Buy rating
• Neutral Sentiment: Investors will continue to monitor credit quality, net interest margins and the effect of interest rates on borrowing demand. SoFi’s high beta and valuation also leave the stock vulnerable to broad market volatility.
• Negative Sentiment: Prior concerns remain, including the stock trading well below its 52-week high and an earlier Truist price-target reduction to $16. These issues could limit gains if the strong guidance fails to translate into sustained profitability. Truist cuts target for SoFi

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the transaction, the executive vice president owned 397,870 shares in the company, valued at approximately $5,856,646.40. The trade was a 2.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. This represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,316 shares of company stock valued at $852,605 over the last ninety days. Insiders own 2.50% of the company's stock.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi's offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.

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