SoFi Achieves Record $962M Revenue and $139M Income in Q3 2025
SoFi Technologies, Inc. demonstrated outstanding performance in its financial results for the third quarter of 2025. The company recorded adjusted net revenue of $949.6 million, a year-over-year increase of 38%. It also achieved GAAP net revenue of $961.6 million, reflecting the strength of its member-centric strategies.
Record Growth and Member Engagement
In Q3 2025, SoFi welcomed 905,000 new members, pushing its total to 12.6 million, which is a 35% growth from the previous year. The company also added 1.4 million new products, increasing its total offerings to nearly 18.6 million, a rise of 36% from the prior year.
Key Product Innovations Driving Success
- Cash Coach and Level 1 Options launched to enhance service offerings.
- Expanded access to alternative investments to engage members further.
- SoFi Plus benefits introduced to deepen member engagement.
The diverse product offerings contributed to a high cross-buy rate, with approximately 40% of new products opened by existing members. The integrated financial services model has resulted in robust product adoption across the platform.
Record Fee-Based Revenue and Loan Originations
SoFi’s total fee-based revenue reached an all-time high of $408.7 million, a 50% increase year-over-year. This surge was fueled by strong performance of its Loan Platform Business (LPB), which originated $3.4 billion in loans, generating $167.9 million in revenue.
Loan originations hit a record $9.9 billion, up 57% compared to the prior year. Personal loans accounted for $7.5 billion, representing a 53% increase, while student loans grew by 58% to $1.5 billion. Home equity loan originations also set a record at approximately $352 million.
Innovation in Financial Services
SoFi launched new features such as the AI-powered Cash Coach and introduced low-cost international remittances via blockchain technology. These innovations aim to enhance the financial ecosystem, providing members with crucial tools for better cash management.
Financial Highlights and Future Outlook
For the quarter, SoFi reported GAAP net income of $139.4 million and diluted earnings per share of $0.11. The company showed continued profitability for the eighth consecutive quarter, increasing its equity to $8.8 billion.
Management has raised 2025 guidance, now expecting adjusted net revenue to reach approximately $3.54 billion, representing 36% annual growth. Additionally, they project to add at least 3.5 million new members this year.
Conclusion
SoFi’s impressive financial results in Q3 2025 underscore its effective member-driven strategy. Continuous innovation and significant growth in both revenue and loan originations highlight the company’s commitment to transforming the future of finance. As it expands its services, SoFi aims to address the evolving needs of its growing member base.
