Overview

* SoFi Q2 adjusted net revenue up 44%, beating analyst expectations, per LSEG data

* Adjusted EBITDA rises 81% to $249 mln, reflecting strong operational performance

* Company raises 2025 financial guidance, indicating confidence in continued growth

Outlook

* SoFi raises 2025 adjusted net revenue guidance to $3.375 bln

* Company expects 2025 adjusted EBITDA of $960 mln

* SoFi forecasts 2025 GAAP net income of $370 mln, or $0.31 per share

* Company plans to add 3 mln new members in 2025

Result Drivers

* MEMBER AND PRODUCT GROWTH - Record high new member and product additions drove revenue growth, per CEO Anthony Noto

* FEE-BASED REVENUE - Strong performance in Loan Platform Business, origination fees, referral fees, interchange revenue and brokerage fee revenue led to 72% increase in fee-based revenue

* INTEGRATED SERVICES - Strategy of serving full financial needs boosted product adoption and revenue per product

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $854.94

Revenue mln

Q2 Beat $858.23 $803.10

Adjusted mln mln (15

Revenue Analysts

)

Q2 EPS $0.08

Q2 Net $97.26

Income mln

Q2 $249.08

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the consumer lending peer group is "buy."

* Wall Street's median 12-month price target for SoFi Technologies Inc ( SOFI ) is $17.00, about 23.6% below its July 28 closing price of $21.02

* The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)