SoFi Technologies, Inc. (SOFI) Earnings History
SoFi Technologies, Inc. - Q4 FY2025 EarningsBeat
EXECUTIVE SUMMARY
SoFi Technologies reported a record-breaking fourth quarter and fiscal year 2025, driven by exceptional revenue growth, significant member and product expansion, and improved profitability. The company's one-stop shop strategy is scaling effectively, leading to strong cross-buy engagement and a robust financial performance.
POSITIVE HIGHLIGHTS
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Record GAAP net revenue of $1.0 billion in Q4 2025, a 40% increase year-over-year.
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Record adjusted net revenue of $1.0 billion in Q4 2025, up 37% year-over-year.
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Record adjusted EBITDA of $318 million in Q4 2025, up 60% year-over-year, with a 31% margin.
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Record member growth of 1.0 million in Q4 2025, reaching 13.7 million total members (up 35% YoY).
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Record product growth of 1.6 million in Q4 2025, reaching 20.2 million total products (up 37% YoY).
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Fee-based revenue surged to a record $443 million, up 53% year-over-year.
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Total loan originations reached a record $10.5 billion in Q4 2025, up 46% year-over-year.
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GAAP Net Income of $174 million in Q4 2025, though down 48% YoY, reflects strong operational performance.
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Tangible book value per share increased to $7.01 from $4.47 in the prior year period.
positive
CONCERNS & RISKS
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GAAP Net Income decreased by 48% to $173.5 million in Q4 2025 compared to $332.5 million in Q4 2024.
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Diluted EPS decreased to $0.13 in Q4 2025 from $0.29 in Q4 2024.
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Net interest margin decreased 19 basis points year-over-year to 5.72% in Q4 2025, due to a mix shift towards home and student loans and a decrease in average asset yields.
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Technology Platform enabled client accounts decreased 23% year-over-year to 128.5 million, impacted by a large client transitioning off the platform.
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Lending segment GAAP net revenue increased 19% YoY, but adjusted net revenue increased 15% YoY, indicating a smaller growth rate on an adjusted basis.
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Lending segment contribution margin decreased to 54% in Q4 2025 from 59% in Q4 2024.
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FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q4 FY2025 2025
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Financial Services | N/A | — | — | — |
Technology Platform | N/A | — | — | — |
Lending | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
MANAGEMENT GUIDANCE
FY2026
Q1 2026
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
MANAGEMENT COMMENTARY
2025 was a tremendous year and the fourth quarter was nothing short of exceptional, delivering more than $1 billion in quarterly revenue for the first time in our history.
Our one-stop shop is scaling exactly as intended and delivering a winning combination of growth and returns.
We added a record 1 million new members this quarter and drove record product growth.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.