SoFi Shares Post Best Day in 18 Months on Record Third-Quarter Results
SoFi Technologies shares had their strongest day in 18 months after record third-quarter revenue and earnings. Analysts debate whether the growth can hold up.
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what happened
Shares of SoFi Technologies (SOFI) posted their best day in 18 months after third-quarter results, which Stocktwits reported as record. Adjusted net revenue rose 44% to a record $1.37 billion, ahead of Wall Street estimates. Adjusted earnings reached $0.18 per share, compared with $0.11 a year earlier.
Total loan originations climbed 71% to $16.9 billion, and total members reached 17.1 million. The company expects adjusted EPS of about $0.90 per share next year. Andrew Wang, managing partner at Runnymede Capital Management, said the focus should now shift to how well that growth holds up.
why it matters
Analysts note that rapidly growing loan books can take time to reveal their full losses, and the economic backdrop, including inflation and employment, will shape borrowers' ability to pay. The stock remains down more than 37% year to date.
market impact
SoFi shares: strong results support the stock and the fintech sector
- SOFI pressure up — record revenue and earnings improved the company's valuation case
tags
instruments
sources
- SOFI Stock Posts Best Day In 18 Months: Wall Street Analyst Says Focus Now On How Well Growth Holds Up — Stocktwits, 28 October 2026 at 04:42 UTC
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