TLDR
- SOFI stock has climbed 235% in the past year, reaching near all-time highs
- Q2 revenue rose 43% to $855 million with customer base growing to 11.7 million
- Company achieved adjusted EPS of $0.08, up 700% year-over-year
- Management projects $370 million adjusted net income for 2025, up 63%
- Expanding crypto trading and Bitcoin transfer services through new partnerships
SoFi Technologies stock has delivered exceptional returns for investors, gaining 235% over the past year. The digital banking platform now trades near record highs following strong financial performance.
The company reported Q2 revenue of $855 million, marking a 43% increase from the previous year. This represents 136% growth compared to the same quarter three years ago.
SoFi’s customer acquisition has been impressive. The platform now serves 11.7 million members, up from just 4.3 million three years ago. This rapid growth demonstrates the appeal of SoFi’s digital-first banking approach.
The fintech offers comprehensive financial services including checking accounts, savings accounts, investment services, insurance products, and various loan options. This diverse product suite enables cross-selling opportunities as customers’ financial needs evolve.
Profitability Breakthrough Drives Stock Performance
The most striking development has been SoFi’s transition to consistent profitability. Non-GAAP diluted earnings per share reached $0.08 in Q2, representing a 700% year-over-year increase.
Management raised full-year guidance based on strong momentum. They now forecast adjusted net income of $370 million for 2025, which would be 63% higher than 2024.
After years of losses, SoFi has proven its business model generates sustainable profits. The company’s digital-only structure eliminates costly physical branch networks that burden traditional banks.
Customer deposits have grown to nearly $30 billion, up 28% year-over-year. During the March 2023 banking crisis, SoFi strengthened its position by offering FDIC insurance coverage up to $2 million.
Crypto Expansion and Future Growth Plans
SoFi is entering the cryptocurrency space as regulatory conditions improve. The platform will restore crypto trading capabilities for customers seeking digital asset exposure.
The company partnered with Lightspark to launch Bitcoin-based international money transfers. This service promises faster and cheaper cross-border transactions using Bitcoin’s lightning network technology.
CEO Anthony Noto has set an ambitious target for SoFi to become a top 10 financial institution. Currently, SoFi manages $41 billion in assets compared to the tenth-largest bank’s $398 billion.
Management expects earnings per share to grow 20% to 25% annually after 2026. Revenue is projected to expand at a 24.6% compound annual rate through 2027.
The stock trades at a forward P/E ratio of 72, reflecting high growth expectations. SoFi’s digital infrastructure and expanding product offerings position it well for continued market share gains in the competitive banking sector.
