SoFi Q2 2025 Earnings Summary: Strong Growth and Profitability Across Segments
Strong Growth and Profitability with Record Revenue and Robust Lending Performance
SoFi delivered another standout quarter in Q2 2025, reporting record adjusted net revenue of $858 million, up 44% year-over-year, marking the fastest pace of growth in over two years. Net income surged to $97 million, up from $17 million in the same quarter last year, while adjusted EBITDA rose 81% YoY to $249 million, reflecting a robust 29% margin. EPS came in at $0.08, driven by stronger operating leverage and improved monetization across all segments.
Key Financial Highlights
Revenue: $858 million, up 44% YoY
Net Income: $97 million, up significantly YoY
Adjusted EBITDA: $249 million, up 81% YoY, 29% margin
EPS: $0.08
Member Growth: Added 850K new members, reaching 11.7 million (up 34% YoY)
Products Growth: 1.3 million new products, totaling over 17 million
Non-Lending Revenue: $472 million, up 74% YoY, representing 55% of total revenue
Lending Revenue: $8.8 billion in originations, up 64% YoY
Record Growth in Lending and Non-Lending Segments
SoFi’s lending business performed well, with originations reaching $8.8 billion, a 64% increase from last year. Personal loans made up the bulk of this, with $7 billion in originations, while home loans reached $799 million. The Loan Platform Business also saw a record $2.4 billion in originations, generating $131 million in revenue. SoFi’s non-lending segments, including Financial Services and the Technology Platform, saw impressive growth as well, contributing $472 million to total revenue (+74% YoY), and now represent 55% of the company's total revenue.
Fee-based revenue continued to be a key growth driver, reaching $378 million, up 72% YoY. This reflects SoFi’s strategy to diversify its income streams toward capital-light, high-margin businesses. SoFi’s cross-buy strategy remained strong, with 35% of new products opened by existing members, enhancing lifetime value and cross-segment engagement.
Investments in AI, Blockchain, and Brand Building
SoFi continues to focus on brand building and innovation, making significant investments in AI and blockchain. The company launched a blockchain-based international money transfer service and reintroduced crypto investing. Additionally, SoFi unveiled AI-powered personal finance tools, such as "Cash Coach," which will be integrated into its SoFi Relay product to provide users with enhanced financial insights and engagement, further deepening customer relationships.
Full-Year 2025 Guidance Raised
SoFi raised its full-year 2025 guidance, projecting total revenue of $3.375 billion (+30% YoY), adjusted EBITDA of $960 million, and adjusted EPS of $0.31. Tangible book value is expected to grow by $640 million this year. This marks SoFi’s seventh consecutive profitable quarter, underpinned by operational discipline, expanding scale, and a diversified business model.
Here’s Our Take
SoFi’s Q2 2025 results showcase impressive growth across all segments, including strong lending performance and continued success in non-lending businesses like Financial Services and Technology. The company’s expanding product offerings, cross-buy strength, and AI and blockchain investments demonstrate its commitment to long-term innovation and customer engagement. SoFi’s disciplined execution and focus on profitability are clearly paying off, with the company now in its seventh consecutive profitable quarter.
With the full-year guidance raise and continued operational momentum, we remain optimistic about SoFi’s long-term growth potential. The company is well-positioned to capitalize on its expanding customer base, diversified revenue streams, and ongoing investments in cutting-edge technologies. We see SoFi as a compelling growth story and remain positive on its outlook for the remainder of 2025 and beyond.
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