SoFi Technologies shares jumped 15% on Tuesday, October 27, after strong third-quarter results, reaching $16.40 but still down 35% year to date, after falling about 43% year to date as of October 23. Q3 revenue rose 44% year over year to a record $1.4 billion, adjusted net income surged 74% to $243 million ($0.18 per share), and members grew 35% to 17.1 million. Management raised 2026 revenue guidance to $5.04 billion and adjusted EPS guidance to $0.61, and projected 2027 revenue of $6.4 billion and adjusted EPS of $0.90, above the consensus estimate of $0.82. The author notes the stock still trades at a forward P/E of about 17 and says the outlook through 2027 supports a positive view of SoFi.
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- SoFi Stock Lost 82% Once Before, Then Rose About Sevenfold. It's More Than 50% Below Its High Again.
SoFi stock once dropped 82% before soaring 650% about three years later to reach new highs, but it now sits 54% below that peak after just a few months. Q2 adjusted net revenue rose 40% year over year to $1.2 billion, EPS increased from $0.08 to $0.12, and the company added 1.1 million members (up 35%) and 2.2 million products (up 42%), with 51% of new products coming from existing customers. Tech Platform sales keep declining after the loss of a major customer, and management did not raise net income guidance even though it raised revenue guidance. The stock trades at a P/E of 31 and a price-to-book ratio of 1.7, and it faces competition from legacy banks and digital rivals such as Ally, Happen and Nu Holdings. The author thinks SoFi could return to its previous highs but it may take time, and the stock could move when it reports earnings on Tuesday.
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SoFi trades at $17.14 after a 13.42% jump on its third-quarter report, with adjusted EPS of $0.18 versus $0.17 expected and revenue of $1.39B versus $1.26B. Loan originations hit a record $16.93B, up 71% year over year, and the 2027 outlook of $6.40B in adjusted revenue and $0.90 in adjusted EPS puts the stock at about 19x next year's guided earnings. The article notes past beats have faded: the stock fell 18.02% over the 30 days after the Q4 2025 report, and EPS beats shrank from 93.55% in Q1 2025 to 7.02% this quarter. Credit card charge-offs ran at 7.77%, Technology Platform revenue fell 24%, and the stock is still down 34.53% year to date. The consensus target of $20.45 from 25 analysts implies 19.3% upside, and the next two quarters, including Q4 guidance of about $1,375,000,000 in revenue and 19 cents in EPS, will test the rally.
- Why SoFi Stock Popped Today
Shares of SoFi Technologies rose more than 13% after the digital financial services provider issued an optimistic growth forecast. Third-quarter adjusted net revenue surged 44% to $1.4 billion, members grew 35% to 17.1 million, financial products rose 44% to 26.7 million, and adjusted net income soared 74% to $243 million. SoFi expects full-year 2026 adjusted net revenue to grow 40% to $5.04 billion, with net income of $840 million and EPS of $0.61, and sees adjusted net revenue of $6.4 billion and EPS of $0.90 in 2027. CEO Anthony Noto said the company is adding more members and products to create long-term shareholder value.
- SoFi’s stock climbs as lending surge drives an earnings beat and rosy outlook
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SoFi Technologies launched SoFi Earn, a tokenized bank deposit paying a variable 4.40% APY that can be swapped one-for-one into its SoFiUSD stablecoin. Each SOFIE token represents $1 deposited at SoFi Bank, and the company pitches it as a way to put idle digital dollars to work, citing Fed research that puts about $64 billion, or 21.2% of the stablecoin market, in rarely used wallets. The launch follows the OCC's finalized GENIUS Act rule that keeps the ban on issuers paying interest directly, since SOFIE's interest is paid on the bank deposit instead. SoFi calls it the first national bank-issued tokenized deposit for consumers, while JPMorgan's JPM Coin deposit token is limited to institutional clients. SOFIE is rolling out to SoFi Crypto members through November.
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SoFi Technologies shares have fallen more than 50% from last November's peak and recently hit a new 52-week low. The decline follows the loss of a technology platform customer, Chime, which cut that segment's first-quarter revenue by 27% year over year, along with a weak market and deteriorating credit conditions. The author argues the long-term picture is stronger: second-quarter revenue rose 40% to $1.2 billion, EBITDA grew 44%, and customers reached a record 15.8 million, up 35% from a year earlier. Morningstar expects per-share profit to rise from $0.62 this year to $1.71 in 2030; at 15 times that figure, the stock would be worth just above $25, nearly 80% above its current price. The article cautions that shares could fall before they rise.
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