Business
SoFi Reports Third Quarter 2025 with Record Net Revenue of $962 Million, Record Member and Product Growth, Net Income of $139 Million
Adjusted Net Revenue up 38% to a record $950 million Adjusted EBITDA up 49% to a record $277 million Fee-based Revenue up 50% to a record $409 million Member
About this update from Sofi Technologies, Inc.
[{"type":"text","content":"\nAdjusted Net Revenue up 38% to a record $950 million\nAdjusted EBITDA up 49% to a record $277 million\nFee-based Revenue up 50% to a record $409 million\nMember growth up 35% to a record 12.6 million members\nProduct growth up 36% to a record 18.6 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 third quarter ended September 30, 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251028756056/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“SoFi delivered an exceptional third quarter, fueled by the strength of our innovation and the power of our one-stop shop strategy,” said Anthony Noto, CEO of SoFi.\n\n\n“We achieved record adjusted net revenue of $950 million and added a record 905,000 new members and 1.4 million new products. Our ability to consistently deliver durable growth, strong returns, and exceptional credit performance proves that our strategy is battle-tested and built to outperform. The opportunity before us is massive and SoFi is executing from a position of unparalleled strength. That’s why we're investing aggressively across the business and accelerating innovation in crypto, blockchain, and AI to help more members than ever before get their money right.”\n\n\n\n\nConsolidated Results Summary\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\nSeptember...