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NEW YORK - SoFi Technologies (NASDAQ:SOFI) reported better-than-expected first quarter results and raised its full-year guidance on Tuesday.
The company’s shares jumped 2.88% in premarket trading after the earnings release.
SoFi posted adjusted earnings per share of $0.06, beating analyst estimates of $0.04. Revenue came in at $771.8 million, surpassing expectations of $740.3 million and representing 33% year-over-year growth.
The company added a record 800,000 new members in Q1, bringing its total to 10.9 million, up 34% from the prior year. Total (EPA:TTEF) products increased 35% to 15.9 million.
"We are off to a tremendous start in 2025," said CEO Anthony Noto. "We delivered our highest revenue growth rate in five quarters, driven by new records in members, products, and fee-based revenue."
SoFi’s lending segment saw net revenue rise 25% to $413.4 million. The financial services segment more than doubled revenue to $303.1 million, while technology platform revenue grew 10% to $103.4 million.
For the full year 2025, SoFi raised its revenue guidance to $3.235-$3.31 billion, above the previous range of $3.2-$3.275 billion and ahead of analyst estimates of $3.191 billion.
The company now expects adjusted EBITDA of $875-$895 million, up from prior guidance of $845-$865 million.
SoFi’s strong results and optimistic outlook suggest the company continues to gain traction with its "one-stop shop" digital financial services strategy, attracting new customers and expanding relationships with existing members.
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