Sofi beats Q3 estimates, raises outlook

* Sofi press release [https://seekingalpha.com/pr/20281582-sofi-reports-third-quarter-2025-with-record-net-revenue-of-962-million-record-member-and] (NASDAQ:SOFI [https://seekingalpha.com/symbol/SOFI]): Q3 Non-GAAP EPS of $0.11 beats by $0.03.
* Revenue of $950M (+36.3% Y/Y) beats by $54.99M.
* Adjusted EBITDA up 49% to a record $277 millionFee-based Revenue up 50% to a record $409 millionMember growth up 35% to a record 12.6 million membersProduct growth up 36% to a record 18.6 million productsManagement Raises 2025 Guidance
*
For the full year 2025, management now expects to add at least 3.5 million new members, which represents approximately 34% growth from 2024 levels. Management expects to deliver adjusted net revenue of approximately $3.54 billion, which is $165 million higher than the prior guidance of $3.375 billion. This implies approximately 36% annual growth versus 30% in our prior guidance. Management expects adjusted EBITDA of approximately $1.035 billion, above prior guidance of $960 million. This represents an EBITDA margin of 29%. SoFi expects adjusted net income of approximately $455 million, above prior guidance of $370 million. Lastly, SoFi expects adjusted EPS of approximately $0.37 cents per share, above prior guidance of $0.31 cents per share.

Management expects growth in tangible book value of approximately $2.5 billion for the year, above our prior guidance of $640 million.

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