SoFi Technologies (SOFI) has transformed from a student‑loan refi‑focused startup into a leading digital financial hub, offering everything from banking and lending to investing, crypto, and even private‑markets access. The results have resonated in SOFI stock’s recent rally.
The spotlight now turns to Tuesday, July 29, when SoFi will unveil its second-quarter earnings before the market opens. After a first quarter marked by robust growth across its ecosystem as both users and products expanded, the question is whether SoFi can sustain this momentum.
With SOFI stock already skyrocketing and trading at premium multiples, July 29 isn’t just another earnings date. It’s a critical check on whether SoFi can justify its valuation, maintain subscriber and product momentum, and hit ambitious guidance. For SoFi watchers, this is one earnings call you won’t want to miss.
About SoFi Stock
SoFi Technologies is a fintech powerhouse based in San Francisco, California, which has expanded far beyond its initial student‑loan refinancing to building a fully integrated financial solution that offers lending, banking, investing, insurance, and a technology platform used by other financial firms. It currently commands a market capitalization of $23.4 billion, reflecting strong investor confidence in its diversified growth strategy.
Shares of SoFi have been on a remarkable run lately, riding a wave of momentum into the upcoming earnings report. Over the past 52 weeks, SOFI stock has surged 178%, with a dramatic 86% climb over the past three months alone. This surge pushed the stock to a new 52-week high of $22.74 on July 18, reflecting growing investor enthusiasm for the company’s strong fee-based and investor-centric growth, particularly with the reintroduction of crypto and private-market offerings.
From a valuation standpoint, SOFI is priced at 79 times forward earnings and 9 times forward sales, indicating a clear premium compared to industry peers.
SoFi Beat Q1 Projections
SoFi Technologies released its Q1 2025 earnings report on April 29, demonstrating several standout achievements. SoFi achieved a record net revenue of $771.8 million, representing a 20% year-over-year (YOY) increase. Meanwhile, adjusted net revenue grew 33% YOY to $770.7 million, surpassing the consensus estimate.
On the profitability front, while adjusted net income of $71.1 million represented a 19% decline from Q1 2024, the company delivered an adjusted EPS of $0.06, a significant increase from last year’s $0.02 and higher than analysts’ expectations.
Growth across the company's user ecosystem remained strong with 800,000 new members joining, bringing the total to 10.9 million, a 34% YOY increase. On top of that, 1.2 million new products were added, taking total products to nearly 16 million. Fee-based revenue surged 67% to a record $315 million, reflecting successful expansion beyond interest income and into its tech and financial services platforms.
SoFi also saw strength in loan originations, with $7.2 billion in total loans, including record home loan originations, which increased 54% annually, and improved credit performance indicators. Additionally, technology platform revenue grew 10% YOY, driven by partnerships like those with Wyndham Hotels & Resorts (WH) and Mercantil Banco.
SoFi Fans, Mark Your Calendars for July 29
As SoFi approaches its Q2 earnings release on July 29, management has offered guidance that suggests steady momentum ahead. SoFi projects adjusted net revenue between $785 million and $805 million, and GAAP net income in the $60 million to $70 million range, equating to EPS of $0.05 to $0.06.
Building on strong results, SoFi has raised its full-year guidance, now expecting adjusted net revenue between $3.23 billion and $3.31 billion. This represents an upward revision of approximately $35 million at the midpoint, signaling confidence in sustaining mid-20% revenue growth and expanding profitability through diverse fee-based services and growing deposits.
Plus, adjusted EBITDA is estimated to be between $875 million and $895 million. For the year, SoFi expects GAAP EPS between $0.27 and $0.28, compared to the prior guidance of the $0.25 to $0.27 range.
These targets align closely with consensus analyst forecasts, which currently estimate Q2 revenue at around $804.5 million and EPS at $0.06, a 500% YOY rise. Looking further ahead, analysts anticipate EPS to jump 87% annually to $0.28 in fiscal 2025, with another 79% surge to $0.50 in fiscal 2026.
What Do Analysts Expect for SoFi Stock?
Goldman Sachs recently initiated coverage of SoFi with a “Neutral” rating and a $19 price target. While Goldman Sachs lauded SoFi as “an impressive growth story in the neobank space,” citing progress in product diversification and membership expansion, it flagged caution about SoFi’s valuation. Citizens JMP analyst Devin Ryan also recently downgraded SOFI stock to “Market Perform,” citing its stretched valuation.
On the other hand, Barclays maintained its “Equal Weight” rating on SoFi but raised its price target from $12 to $18. The decision was driven by encouraging trends in card delinquency through May that hint at lower write-offs in Q2.
SOFI stock has a consensus “Hold” rating overall. Out of 22 analysts covering the stock, five recommend a “Strong Buy,” two give a “Moderate Buy,” 10 analysts stay cautious with a “Hold” rating, two suggest a “Moderate Sell,” and three rate it a “Strong Sell.”
SoFi is sustaining its strong momentum and has blown past the average analyst price target of $16.16. It is also currently trading at parity with the Street-high target of $21, signaling its rich valuation.
