SoFi Technologies beat analyst expectations in its third quarter, driven by growth in its lending business. The company raised its 2026 outlook, issued its first 2027 forecast, and saw its shares rally in premarket trading.
SoFi Technologies delivered better-than-expected earnings on Tuesday after showing robust growth in its lending business. Shares rallied 9% in premarket trading following the report.
Revenue and profit climb
MarketWatch reported that the online bank beat analysts' expectations for revenue, earnings per share and net income, among other metrics. SoFi also added a record 1.2 million members and 2.2 million new products.
Adjusted net revenue rose 44% year-over-year to approximately $1.4 billion, according to Crypto Briefing's account of the company report. Adjusted EBITDA increased 70% to nearly $470 million, and net income climbed 73% to $241 million.
Adjusted net income totaled $243 million, or $0.18 per diluted share. Membership exceeded 17 million, up 35% year-over-year.
Higher guidance for 2026 and a first look at 2027
SoFi now expects adjusted net revenue of $5.04 billion and adjusted EBITDA of $1.66 billion in 2026. It forecasts net income of $840 million and adjusted earnings per share of $0.61 for the year.
For 2027, the company forecasts adjusted net revenue of $6.4 billion and adjusted EBITDA of $2.24 billion. It projects net income of $1.28 billion and adjusted earnings per share of $0.90.
Stablecoin and tokenized deposit push
SoFi is also growing its crypto business while building out stablecoin payment infrastructure and tokenized deposit services. The company became the first national bank to launch stablecoin settlement across Mastercard's global payments network using SoFiUSD.
It also launched SoFi Earn, a tokenized deposit product offering a 4.40% APY and FDIC insurance. CEO Anthony Noto said the growth strategy centers on adding members, expanding product usage and increasing revenue per product.
Sources: MarketWatch (snippet-based), Crypto Briefing
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