SoFi Technologies (NASDAQ:SOFI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI) released its earnings results on Tuesday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.25 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS.

SoFi Technologies Stock Down 1.0%

Shares of SoFi Technologies stock opened at $14.46 on Tuesday. The business has a fifty day simple moving average of $16.66 and a 200 day simple moving average of $18.10. The stock has a market cap of $18.68 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. SoFi Technologies has a 12 month low of $13.86 and a 12 month high of $32.73.

Key Headlines Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Quarterly results exceeded expectations. SoFi reported approximately $1.37 billion in third-quarter revenue versus the $1.25 billion consensus estimate, while earnings per share of $0.18 topped analyst expectations of roughly $0.16–$0.17. Net income reached a record $241 million, and revenue increased 44% year over year. SoFi Reports Third Quarter 2026
• Positive Sentiment: Lending and membership growth remained robust. Lending volume surged 71%, and membership reached approximately 17 million after another strong quarter of customer additions. The figures support management’s argument that SoFi is still gaining share from traditional financial institutions. Why is SoFi stock jumping today?
• Positive Sentiment: Management raised guidance and issued an optimistic 2027 outlook. SoFi now expects about $5.04 billion in adjusted revenue and $0.61 in adjusted EPS for 2026. Its initial 2027 forecast calls for adjusted EPS of roughly $0.90, implying approximately 48% growth and providing a catalyst for the shares. SoFi Expects to Earn 48% More in 2027
• Positive Sentiment: Analyst support added to the bullish reaction. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, suggesting substantial upside from the referenced $14.46 level. SoFi receives a fresh Buy rating
• Neutral Sentiment: Investors will continue to monitor credit quality, net interest margins and the effect of interest rates on borrowing demand. SoFi’s high beta and valuation also leave the stock vulnerable to broad market volatility.
• Negative Sentiment: Prior concerns remain, including the stock trading well below its 52-week high and an earlier Truist price-target reduction to $16. These issues could limit gains if the strong guidance fails to translate into sustained profitability. Truist cuts target for SoFi

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the sale, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 50,316 shares of company stock worth $852,605. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Benchmark raised SoFi Technologies to a “strong-buy” rating in a report on Monday, October 12th. Loop Capital initiated coverage on shares of SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price on the stock. TD Cowen reduced their target price on shares of SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.95.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.