Business
SoFi Reports Second Quarter 2025, Accelerates Net Revenue Growth to Record $855 Million, Record Member and Product Growth, and Net Income of $97 Million
Adjusted Net Revenue up 44% to a record $858 million Adjusted EBITDA up 81% to a record $249 million Fee-based Revenue up 72% to a record $378 million Member
About this update from Sofi Technologies, Inc.
[{"type":"text","content":"\nAdjusted Net Revenue up 44% to a record $858 million\nAdjusted EBITDA up 81% to a record $249 million\nFee-based Revenue up 72% to a record $378 million\nMember growth up 34% to a record 11.7 million members\nProduct growth up 34% to a record 17.1 million products\nManagement Raises 2025 Guidance\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nSoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results today for its second quarter ended June 30, 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250729422372/en/Note: For additional information on our company metrics, including the definitions of \"Members\", \"Total Products\" and \"Technology Platform Total Accounts\", see Table 6 in the “Financial Tables” herein. New member and new product addition metrics for the relevant period reflect actual growth or declines in members and products that occurred in that period whereas the total number of members and products reflects not only the growth or decline of each metric in the current period but also additions or deletions due to prior period factors, if any. (1) The company includes SoFi accounts on the Galileo platform-as-a-service in its total Technology Platform accounts metric to better align with the presentation of Technology Platform segment revenue.\n“We had an exceptional second quarter, driving durable growth and strong returns through our relentless focus on product innovation and brand building,” said Anthony Noto, CEO of SoFi.\n\n\n“We accelerated adjusted net revenue growth to 44% year-over-year, the highest level in over two years, driven by record high new members, as well as new products, and an increase in fee-based revenue. This consistent, disciplined investment across our platform, combined with unmatched products and services, uniquely positions us to capture the massive and expanding opportunities ahead. Looking forward, we are focusing on innovating faster than ever before to serve more of our members' needs and increasing our financial guidance for 2025.”\n\n\nConsolidated Results Summary\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended\nJune 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n \n\n\n\n\n\n...