SoFi Technologies (SOFI, Financials) just delivered the kind of quarter investors have been waiting years for. Revenue hit a record $771 million, up 33% from last year. Adjusted EBITDA surged 46% to $210 million. And most importantly — SoFi stayed profitable, booking $71 million in net income, or $0.06 per share.
This wasn't a fluke. It was a sign that SoFi's sprawling fintech ecosystem — from loans to investing to digital banking infrastructure — is finally working together. The member count jumped to 10.9 million, product adoption hit new highs, and fee-based revenue soared 67%.
For years, the question was: can SoFi actually make money doing all this? This quarter offered a clear answer. The company is now earning more on equity than it's spending to raise capital — a key shift shown in this ROE vs. WACC chart.
And the top line? It's been charging ahead for 12 straight quarters.
CEO Anthony Noto pointed to product innovation and cross-sell strength as key drivers. Personal loan originations were strong, and SoFi's platform for partner lending is gaining traction fast.
With confidence running high, SoFi raised its full-year forecast across revenue, profit, and EPS. For the first time, the business feels like it's not just growing — it's compounding.
