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.