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

SoFi Technologies (NASDAQ:SOFI) released its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, FiscalAI reports. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. 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 NASDAQ:SOFI traded down $1.45 during trading on Wednesday, reaching $15.29. 120,874,409 shares of the company’s stock traded hands, compared to its average volume of 70,133,086. The firm has a market cap of $19.62 billion, a PE ratio of 34.66 and a beta of 2.14. The company has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $18.61. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. SoFi Technologies has a fifty-two week low of $14.01 and a fifty-two week high of $32.73.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SOFI. Keefe, Bruyette & Woods lowered their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Barclays cut their price objective on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Argus assumed coverage on SoFi Technologies in a report on Wednesday, April 15th. They set a “hold” rating for the company. Wells Fargo & Company cut their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.83.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Revenue and earnings exceeded expectations. SoFi reported second-quarter adjusted EPS of $0.12, versus the $0.11 consensus estimate, while revenue reached $1.21 billion, ahead of forecasts for $1.11 billion. Revenue increased 42.5% year over year. SoFi Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Customer and lending growth remained strong. Membership rose 35% to 15.8 million, and quarterly loan originations reached a record $14.8 billion. Stable credit quality and resilient borrowers supported continued loan-book and interest-income growth. SoFi Lifts 2026 Revenue Forecast
• Positive Sentiment: Full-year revenue guidance was raised. SoFi now expects 2026 revenue of approximately $4.8 billion to $4.9 billion, above the roughly $4.7 billion analyst consensus. The company maintained its $0.60 EPS outlook, modestly above the $0.59 consensus. SoFi Lifts 2026 Revenue Forecast
• Neutral Sentiment: Growth investments expanded SoFi’s brand reach. A new multi-year partnership makes SoFi the official financial-services partner of Notre Dame Athletics and includes a jersey patch and financial-education initiatives. The deal may improve customer acquisition, but its near-term earnings contribution is uncertain. SoFi and Notre Dame Athletics Partnership
• Negative Sentiment: The earnings beat was not enough to satisfy investors. Profit guidance was unchanged despite the revenue upgrade, raising concerns that costs, margins or execution may limit earnings growth. Uncertainty over U.S. interest rates also remains important for SoFi’s lending and funding economics. Why SoFi Stock Fell Despite Earnings Beat
• Negative Sentiment: Valuation and insider selling added pressure. With a relatively elevated earnings multiple and shares trading below their longer-term moving averages, investors may be demanding stronger profit acceleration. Separately, EVP Kelli Keough sold 10,954 shares under a pre-arranged Rule 10b5-1 plan, a relatively minor but potentially negative sentiment signal. SEC Insider Trading Filing

Insider Buying and Selling

In related news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the completion of the sale, the executive vice president owned 367,728 shares in the company, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, 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 ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Caxton Associates LLP grew its holdings in SoFi Technologies by 22.9% during the 2nd quarter. Caxton Associates LLP now owns 13,676 shares of the company’s stock valued at $249,000 after buying an additional 2,544 shares during the last quarter. Inceptionr LLC purchased a new position in SoFi Technologies in the 4th quarter valued at about $228,000. Visionary Wealth Advisors boosted its position in SoFi Technologies by 14.9% during the second quarter. Visionary Wealth Advisors now owns 12,469 shares of the company’s stock worth $227,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Diligent Investors LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter valued at about $218,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.