SoFi Reports Record $962M Q3 Revenue, Adds 905K Members

SoFi Technologies, Inc. reported strong financial results for the third quarter of 2025, with revenues reaching $961.6 million, a 38% increase year-over-year, surpassing Wall Street expectations. The company added 905,000 new members, a 35% year-over-year increase, bringing the total membership to 12.6 million, while total products grew 36% to 18.6 million, highlighting successful market penetration and adoption. SoFi's GAAP net income doubled to $139.4 million, and adjusted EBITDA rose 49% to $276.9 million, with an operating margin of 29%, marking the eighth consecutive quarter of profitability. The company's loan platform and financial services divisions showed substantial growth, with loan originations reaching $9.9 billion and deposits expanding to $32.9 billion, supported by innovative crypto and AI-driven products. Despite premium valuation metrics and some balance sheet concerns such as a low Z-Score and insider selling, SoFi's continued expansion, record brand awareness, and strategic product development underscore its position as a leading digital financial services platform. CEO Anthony Noto attributes this momentum to SoFi's comprehensive service offerings and strategic initiatives, reinforcing its vision as a one-stop financial hub.