SoFi Technologies Inc. (NASDAQ: SOFI) shares soared 5.08% 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.
The company posted 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. This marked SoFi's highest revenue growth rate in five quarters.
CEO Anthony Noto cited "durable growth and strong returns" in the quarter, driven by the company's focus on product innovation and brand building. Notable highlights include:
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.
The positive results and optimistic outlook have fueled investor enthusiasm, driving the stock's pre-market rally. SoFi's ability to deliver strong growth across its diverse business segments, coupled with improved profitability, appears to be resonating well with the market.
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.