Shares of SoFi Technologies Inc. (SOFI) surged 9.58% in pre-market trading on Tuesday after the fintech company reported better-than-expected first quarter results and raised its full-year guidance for 2025.
SoFi posted adjusted earnings of $0.06 per share for Q1, doubling analyst expectations of $0.03 per share. Adjusted net revenue came in at $770.72 million, significantly beating the consensus estimate of $739 million and representing a 33% year-over-year increase. The company saw strength across all its business segments, notably financial services, which grew 101% to $303 million in the quarter.
Following the strong Q1 performance, SoFi raised its full-year 2025 guidance. The company now expects adjusted net revenue of $3.235 billion to $3.310 billion, up from the previous range of $3.200 billion to $3.275 billion. Adjusted EBITDA guidance was increased to $875-$895 million, while GAAP EPS is now projected at $0.27 to $0.28 per share. CEO Anthony Noto cited "durable growth and strong returns" driven by the company's focus on product innovation and brand building.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.