SoFi's Loan Platform Shines In Q2, Driving Profitability And Growth

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its loan platform business and a significant increase in members and products, leading to Needham raising its price target on the stock.SoFi reported second-quarter revenue of $858.23 million, beating analyst estimates of $801.49 million. Total revenue was up 44% as fee-based revenue climbed 72%.Also Read: SoFi Stock Pops As Revenue Soars And CEO Teases Crypto ComebackMembers grew 34% to 11.7 million and products increased 34% year-over-year to 17.1 million. SoFi originated $8.8 billion in loans during the quarter.SoFi raised its full-year 2025 revenue outlook from a range of $3.24 billion to $3.31 billion to a new target of approximately $3.38 billion versus estimates of $3.27 billion.In response to the strong results, Needham analyst Kyle Peterson reiterated a Buy rating on SoFi and increased his price forecast from $20 to $25. Conversely, Citizens JMP Securities analyst Devin Ryan maintained a Market Perform rating.Peterson praised SoFi’s second-quarter results, highlighting that revenue and earnings significantly exceeded expectations and Street estimates. The outperformance was driven primarily by strong growth in SoFi’s loan platform business, which continues to benefit from resilient demand in private credit.SoFi reported GAAP revenue of $854.9 million (+46% Y/Y), beating the analyst’s $805.5 million estimate and the $814.6 million consensus. Adjusted revenue of $858.2 million also exceeded forecasts.GAAP EPS reached 8 cents, topping the analyst’s 6 cents estimate and consensus. EBITDA reached $249.1 million, well above the projected $207.5 million, thanks to revenue strength and improved operating leverage. Although net interest margin (NIM) declined slightly to 5.86% (versus 5.95% estimated), this was attributed to balance sheet mix shifts.Following earnings, SoFi raised its fiscal 2025 guidance, now expecting net revenue of ~$3.375 billion (prior: $3.235 billion–$3.310 billion), EBITDA of ~$960 million (prior: $875 million–$895 million), and EPS of 31 cents (prior: 27 cents–28 cents).Shortly after the report, SoFi completed a $1.5 billion secondary common stock offering at $20.85 per share, which Peterson viewed as opportunistically timed. This capital raise is expected to boost total risk-based capital by ~440 basis points, bringing it to an estimated 18.8%, a level the analyst sees as healthy given SoFi’s asset mix and growth profile. The analyst noted this improved capital position enhances SoFi’s appeal to institutional investors.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,330.75 -43.50 (-0.68%)Dow Futures43,965.00 -340.00 (-0.77%)Nasdaq Futures23,193.25 -171.75 (-0.74%)Russell 2000 Futures2,195.30 -24.90 (-1.12%)VIX17.69 +0.97 (+5.79%)Gold3,341.70 -6.90 (-0.21%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 63.79 +18.82 (+41.85%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)FRGE Forge Global Holdings, Inc. 21.92 +5.10 (+30.32%)AMSC American Superconductor Corporation 56.85 +12.91 (+29.38%)PI Impinj, Inc. 154.58 +32.37 (+26.49%)Top losersALGN Align Technology, Inc. 129.01 -74.56 (-36.63%)CFLT Confluent, Inc. 17.73 -8.68 (-32.86%)BAX Baxter International Inc. 21.76 -6.29 (-22.42%)SPSC SPS Commerce, Inc. 108.87 -30.69 (-21.99%)KEX Kirby Corporation 95.31 -24.69 (-20.58%)Most activeNVDA NVIDIA Corporation 177.87 -1.40 (-0.78%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)NIO NIO Inc. 4.8700 +0.3600 (+7.98%)SOFI SoFi Technologies, Inc. 22.58 +0.71 (+3.25%)F Ford Motor Company 11.07 +0.20 (+1.84%)Earnings eventsTrending tickersFIG Figma, Inc. 115.50 +82.50 (+250.00%)AAPL Apple Inc. 207.57 -1.48 (-0.71%)AMZN Amazon.com, Inc. 234.11 +3.92 (+1.70%)RDDT Reddit, Inc. 160.59 +11.26 (+7.54%)COIN Coinbase Global, Inc. 377.76 +0.28 (+0.07%)Top economic events