SoFi Technologies (SOFI) reported Q1 adjusted net income Tuesday of $0.06 per diluted share, up from $0.02 a year earlier.

Analysts polled by FactSet expected $0.03.

Total net revenue for the quarter ended March 31 was $771.8 million, up from $645 million a year earlier.

Analysts' revenue estimates were not readily available for comparison.

SoFi said it expects Q2 earnings of $0.05 to $0.06 per share. Analysts surveyed by FactSet expect $0.06.

The company increased its 2025 earnings guidance to $0.27 to $0.28 per share, up from its prior guidance of $0.25 to $0.27. Analysts surveyed by FactSet expect $0.25.

SoFi shares were up more than 5% in recent premarket activity on Tuesday.