Overview

* SoFi Q3 adjusted net revenue beats analyst expectations, growing 38% yr/yr

* Company reports record Q3 adjusted EBITDA of $277 mln, up 49% yr/yr

* SoFi adds record 905,000 new members, total members up 35% yr/yr

Outlook

* SoFi raises 2025 adjusted net revenue guidance to $3.54 bln, up $165 mln from prior

* Company expects 2025 adjusted EBITDA of $1.035 bln, up from $960 mln prior

* SoFi anticipates 2025 adjusted EPS of $0.37, up from $0.31 previously

Result Drivers

* MEMBER AND PRODUCT GROWTH - SoFi added a record 905,000 new members and 1.4 million new products, driven by its one-stop shop strategy

* FEE-BASED REVENUE - Record fee-based revenue of $409 mln, driven by strong performance from Loan Platform Business

* LOAN ORIGINATIONS - Record loan originations of $9.9 bln, with personal loans reaching $7.5 bln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $961.60

Revenue mln

Q3 Beat $949.62 $874.10

Adjusted mln mln (15

Revenue Analysts

)

Q3 EPS $0.11

Q3 Net $139.39

Income mln

Q3 $276.88

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "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 $22.00, about 36.4% below its October 27 closing price of $30.00

* The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release:

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(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.)