TLDR
- SoFi Technologies stock reached a new 52-week high of $18.43, marking a 167% increase over the past year
- The company reported strong Q1 2025 earnings with $0.06 per share, beating forecasts and raising full-year guidance
- SoFi is relaunching its cryptocurrency investing platform later this year, allowing trading of Bitcoin and Ethereum
- The fintech firm plans to add international money transfers and blockchain-powered services to its platform
- Company added 800,000 new members in the first quarter alone while maintaining an 82% gross profit margin
SoFi Technologies stock touched $18.43 on Monday, setting a new 52-week high for the fintech company. The milestone comes as investors show renewed confidence in the platform’s growth strategy.
The stock has climbed 167% over the past year, reflecting strong momentum in the financial technology space. SoFi’s market capitalization now stands at $19.7 billion.
The company’s first quarter 2025 results helped fuel the recent rally. SoFi reported earnings per share of $0.06, beating the expected $0.04 forecast. Revenue reached $771.76 million, exceeding analyst expectations by roughly 4.25%.
Following the earnings beat, management raised its full-year guidance. The move signals confidence in the company’s ability to maintain its growth trajectory throughout 2025.
SoFi added 800,000 new members during the first quarter. This expansion brings the total membership base to new highs as the platform continues attracting users.
The company maintains an impressive gross profit margin of 82%. Revenue growth of 24% demonstrates the platform’s ability to scale its operations effectively.
Crypto Platform Makes Comeback
SoFi announced plans to relaunch its cryptocurrency investing feature later this year. Members will be able to buy, sell, and hold digital assets including Bitcoin and Ethereum directly through the app.
$SOFI train is about to take off.
They are about to reach 11 million members, they built a new loan platform business from scratch, and they are bringing back crypto trading.
Revenues will explode…
Here is my full $SOFI investment thesis: (Thread🧵) pic.twitter.com/kkGuV4lOhP
— Oguz O. | 𝕏 Capitalist 💸 (@thexcapitalist) April 28, 2025
The crypto offering represents a return for SoFi after previously offering similar services. This time around, the company plans to expand beyond basic trading functionality.
Future plans include stablecoin offerings and crypto-collateralized lending services. SoFi also intends to add staking features for users looking to earn yields on their digital assets.
The crypto relaunch comes as the broader digital asset market continues to mature. SoFi’s entry positions the platform to capture users interested in both traditional and digital financial products.
International Expansion Plans
SoFi Money members will soon access international money transfer services. The feature will allow transfers to dozens of countries through the mobile app.
These transfers will utilize blockchain networks for processing. The system promises full automation within the SoFi platform, eliminating the need for third-party services.
The international transfer feature represents another step in SoFi’s digital expansion. The company continues building out services that compete with traditional banking offerings.
BofA Securities maintained an Underperform rating despite the strong quarterly results. Analyst Mihir Bhatia set a $13 price target while acknowledging the company’s solid performance.
The analyst expressed caution about macroeconomic uncertainties that could impact future growth. This contrasts with the company’s own optimistic guidance raise.
At the recent annual meeting, shareholders elected ten board members and approved executive compensation packages. Deloitte & Touche LLP was confirmed as the independent auditor for the fiscal year.
SoFi’s PEG ratio of 0.16 suggests the stock trades at a discount to its growth rate. However, some analysts believe current valuations may be stretched given the recent run-up.
The company’s gross profit margin of 82% remains well above industry averages. This operational efficiency has helped drive the strong financial performance in recent quarters.
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