TLDR
- SoFi Technologies (SOFI) stock rose 13% on Tuesday to close at $16.40, up $1.94, after third-quarter results.
- Adjusted net revenue rose 44% to $1.4 billion, and adjusted net income climbed 74% to $243 million.
- Members grew 35% to 17.1 million, and financial products rose 44% to 26.7 million.
- SoFi expects 2026 adjusted net revenue of $5.04 billion, up 40%, and targets $6.4 billion and $0.90 EPS in 2027.
- Crypto metrics appeared for the first time: 503,000 products and $161.6 million in gross crypto transaction revenue.
SoFi Technologies (SOFI) stock rose 13% on Tuesday to close at $16.40, up $1.94. The move followed third-quarter results and a fresh outlook for 2027.
The stock traded between $15.67 and $16.76 during the session. Earlier in the morning, it was up nearly 15%.
Adjusted net revenue rose 44% to $1.4 billion in the quarter. Record net revenue came in at $1.39 billion.
Adjusted net income jumped 74% to $243 million. Adjusted earnings per share rose 64% to $0.18.
CEO Anthony Noto kept his message simple. “We are adding more members, who are using more products, and generating more revenue per product,” he said.
Members and products keep growing
Members rose 35% to 17.1 million. Financial products grew 44% to 26.7 million.
SoFi is working on an “everything app” where users can save, invest and borrow in one place. Noto says the focus is on more members using more products.
SoFi Invest, its brokerage arm, grew 37% from a year ago to 4.18 million products as of Sept. 30. Crypto now sits next to it in the product breakdown.
Management expects 2026 adjusted net revenue to grow 40% to $5.04 billion. It also sees net income of $840 million and EPS of $0.61.
For 2027, SoFi expects adjusted net revenue of $6.4 billion. It is targeting EPS of $0.90.
“Our conviction in the opportunity ahead has never been greater,” Noto said. He also called the quarter “exceptional” given how 2026 has played out.
Crypto numbers show up for the first time
SoFi reported 503,000 crypto products at the end of September. It was the first time the metric appeared in the company’s product breakdown.
Gross crypto transaction revenue was $161.6 million, up 20% from the prior quarter. After associated costs, net crypto transaction revenue was $1.6 million.
SoFi paused crypto services for two years before eyeing a return in May 2025. SoFi Crypto launched that November.
Members can buy and hold dozens of tokens from FDIC-insured checking or savings accounts. The company has since added stablecoins, tokenized deposits and crypto infrastructure.
Even after Tuesday’s gain, the stock is down about 40% so far this year. Its 52-week range runs from $13.86 to $32.73.
SoFi’s market cap stands at about $21.18 billion, and its gross margin is 62.02%. The stock closed at $16.40 on Tuesday.
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