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SoFi’s Growth Story Faces a Test With Q3 Earnings Next Week

Investors weigh rapid growth against Tech Platform execution questions ahead of next week’s Q3 report.

Overview

  • SoFi reports third-quarter results on Oct. 28 as shares cool over the past month after a roughly 450% three-year gain.
  • In Q2, adjusted net revenue rose 44% year over year and EPS increased 700%, with a record $8.8 billion in loan originations and home loans up 92%.
  • Bullish research highlighted triple‑digit growth in Financial Services in early 2025 and a 52% Q2 contribution margin tied to the loan platform business.
  • The company’s Tech Platform grew about 15% in Q2 versus a 25% target, and leadership changes were made to bolster execution.
  • SoFi continues to add younger customers and new offerings such as blockchain‑based products, with lower interest rates cited as a tailwind for its lending operations.