After a year of declines: SOFI reports strong earnings and the stock surges

The American digital bank SoFi reported record quarterly results with a 44% jump in revenue and a 73% increase in net profit, raising its guidance for the current year and for 2027. The stock is surging over 8% in pre-market trading, but is still trading in negative territory since the start of the year.

The American digital bank SoFi reported today (Tuesday) quarterly results that beat expectations, with a 44% jump in revenue to a record $1.4 billion and a 73% increase in net profit. The company raised its guidance for the current year and issued its first-ever guidance for 2027. In pre-market trading on the Nasdaq, the company's stock is surging over 8%, but is still trading in negative territory since the start of the year after losing about 44% of its value. SoFi, which has over 17 million customers, added 1.2 million new customers in the quarter—an all-time record. CEO Anthony Noto set an ambitious target for 2030: reaching 100 million products and developing five business lines, each generating annual revenues of over $1 billion. The gap between business growth and stock performance raises questions about investor focus on the risks associated with expansion.