SoFi Technologies released its first quarter 2025 earnings:

Record Net Revenue: GAAP net revenue reached $771.8 million, a 20% increase year-over-year. Adjusted net revenue was a record $770.7 million, up 33% year-over-year.

Net Income: GAAP net income was $71.1 million, and diluted earnings per share were $0.06.

Record Member and Product Growth: SoFi added a record 800,000 new members in the quarter, bringing the total to 10.9 million (a 34% year-over-year increase). They also recorded a record 1.2 million new products, increasing the total by 35% year-over-year to 15.9 million.

Record Fee-Based Revenue: Total fee-based revenue reached a record $315.4 million, a 67% increase year-over-year.

Strong Performance in Financial Services and Technology Platform: Combined net revenue from these segments was $406.5 million, a 66% increase year-over-year.

Sixth Consecutive Quarter of GAAP Profitability: SoFi has now reported a profit under GAAP for the sixth consecutive quarter.

Record Adjusted EBITDA: Adjusted EBITDA reached a record $210.3 million, a 46% increase year-over-year, representing a 27% margin.

Growth in Lending: Home loan originations grew by 54% year-over-year. The Loan Platform Business originated $1.6 billion in loans on behalf of third parties in Q1 2025.

Improved Credit Performance: The annualized charge-off rate for personal loans decreased to 3.31% and for student loans decreased to 0.47% compared to the previous quarter. The on-balance sheet 90-day delinquency rate for personal loans also decreased for the fourth consecutive quarter.

These results indicate strong growth in SoFi's key business segments, continued expansion of its member base and product offerings, and sustained profitability.

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Key Resistance Level: Will S&P 500 Break Out or Turn Lower?

The S&P 500 has rebounded to 5,650 points—its level before April’s sharp sell-off and a key technical resistance zone. Following strong earnings reports from the Magnificent 7, this week’s market focus shifts to the FOMC and its signals on interest rate cuts. The market is still pricing in three rate cuts this year. ------------- Can the S&P 500 successfully break above the 5,600 level, or will it turn lower? And more importantly, can it overcome the seasonal “Sell in May” pattern?

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Comments

Venus Reade
05-01
Venus Reade
Once the dust settles with the tarrif noise. This stock is going to take off. Think about it. It's being called the AMAZON of banks! One stop shop for banking, mortgages, loans and crypto! you name it.
Mortimer Arthur
05-01
Mortimer Arthur
What a gift for the pullback so I can add more positions. Looking for moving up to 13+ by this Friday and continue to move back to 15+ or above in the next couple weeks.