The fintech firm reported that the $1.6 billion figure reflects gains in both net interest income and fee‑based revenue, underscoring a broader trend of accelerating growth.
Customer enrollment continued to climb, with the platform now serving 15.8 million members – a 35% increase over the same quarter in 2025 – a result the company attributes to recent product launches such as blockchain‑based international transfers, a U.S.‑dollar stablecoin and an AI‑driven financial assistant called SoFi Coach.
Profitability has also improved. SoFi turned a profit in the fourth quarter of 2023 and posted adjusted net income of $227 million in 2024 and $481 million in 2025, and it projects a 72% rise in profit for the current year.
Management, led by CEO Anthony Noto, expects adjusted earnings per share to grow at an annualized rate of 38% to 42% between 2025 and 2028, a forecast that historically has been met with Wall Street beat‑the‑estimate performance.
Despite the strong fundamentals, the market remains wary. As of Sept. 17, SoFi’s shares were trading at $16.96, down 49% from the 52‑week high of $32.73, and analysts have flagged credit‑risk concerns, noting a personal‑loan charge‑off rate of 3.7% in the second quarter – an improvement from the prior quarter but still a focal point for investors.
The broader economic backdrop adds to the uncertainty. A potential recession could pressure borrowers and raise charge‑off rates, a risk that investors say may be contributing to the stock’s discount despite the company’s growth trajectory.