Shares of SoFi Technologies, Inc. (NASDAQ: SOFI) reported fourth quarter 2025 earnings that beat expectations and provided full-year context for investors.
SoFi’s stock has been volatile over the past 12 months, trading in a roughly $8.60 to $32.73 range as growth and profitability narratives contend with broader market pressures on fintech and consumer finance names. The shares have lagged some major tech benchmarks amid macro uncertainty and regulatory discussions around credit card interest rate caps.
Fourth-Quarter Results
For the quarter ended Dec. 31, 2025, SoFi reported adjusted net revenue of about $1.0 billion, up roughly 37% year-over-year, marking its first billion-dollar quarter. Adjusted earnings were $0.13 per share, above the consensus of around $0.11 to $0.12. Net income was about $174 million.
Loan originations reached a record $10.5 billion, up about 46% from a year earlier, driven by strong demand for personal, student, and home loans. Fee-based revenue, a growing part of the business, rose more than 50%, contributing roughly 44% of total revenue. Adjusted EBITDA was about $318 million, with a 31% margin.
SoFi also added a record 1 million members in the quarter, bringing total membership to roughly 13.7 million, up more than 35% from Q4 2024. Total products held by members expanded about 37% year-over-year.
Full-Year 2025 Performance
For the full year, SoFi reported record adjusted net revenue of approximately $3.6 billion, up about 38% from 2024, and expanded its adjusted EBITDA to roughly $1.1 billion. Management highlighted disciplined growth in its fee and platform businesses as contributors to the financial performance.
Guidance and Outlook
SoFi provided a 2026 outlook projecting adjusted net revenue of about $4.66 billion, implying roughly 30% annual growth, and adjusted EPS of about $0.60. The company expects continued membership expansion and broader product adoption in 2026.
Sector and Macro Context
SoFi’s results come amid broader pressure on fintech and SaaS/software-linked financial stocks, where investors have weighed growth against profitability and macro uncertainty. Many technology and software stocks have reacted to slowing enterprise spending, rising interest rates, and regulatory debates affecting lending margins. Stocks such as Snowflake and others in cloud and fintech segments have seen notable swings on guidance and growth outlooks in recent quarters.
Financial stocks more broadly have been sensitive to policy discussions around credit card interest rates and consumer lending. Debate over potential caps on credit card rates has been cited by market participants as a factor influencing lender stocks, including SoFi’s trading patterns ahead of earnings.
52-Week Context and Trend
Over the past year, SoFi shares have experienced a wide trading range and periodic volatility. The stock has reflected investors’ balancing of rapid member and revenue growth with concerns about valuation, profitability sustainability, and regulatory headwinds in the consumer finance sector.
