SoFi posts record results, boosts forecasts, expands in crypto
6.7 Investments SoFi posted record Q3 results, raised forecasts, grew in crypto and clients, and saw its stock rise over 10%, despite risks in its technology segment.
SoFi Technologies achieved record results in Q3 2026, reporting adjusted net revenue of about $1.4 billion—a 44% year-over-year increase. The company raised its financial forecasts for 2026 and 2027, projecting adjusted net revenue of $5.04 billion and $6.4 billion, respectively. Membership surpassed 17 million, and the number of products grew by 42%. In the crypto segment, SoFi reported 503,000 products and $161.6 million in gross transaction revenue, though net income was just $1.6 million. The company expanded its crypto operations with stablecoin payment settlements and tokenized deposits. Adjusted EBITDA rose 70%, and the stock price jumped over 10% after the announcements. Analysts highlighted improved unit economics and operating leverage but cautioned about risks from the credit cycle and a 24% revenue decline in the Technology Platform segment.
