"Today, SoFi's app bundles personal loans, mortgages, credit cards, investing tools, and even crypto trading - serving 11.7 million members, up from 5 million three years ago. Revenue hit $855 million in Q2 2025, a 43% jump year-over-year, with adjusted net income at $97.3 million. This momentum shows no signs of slowing . Membership grew a record 850,000 in the latest quarter alone, driven by cross-selling: 35% of new products introduced in the quarter were opened by existing users."
"Deposits reached $29.5 billion, boosting net interest margins. Non-lending segments like tech platforms (Galileo) and financial services now contribute 40% of revenue, up from 20% in 2022, making the business more resilient. But can this trajectory triple its value by 2030? With SOFI stock at $28 per share, that means hitting $84. It's a bold ask - let's break down if it's feasible."
SoFi began in 2011 focusing on student loan refinancing with a digital-first, no-branch model, low fees, and member perks. The company refinanced billions, went public via SPAC in 2019, and expanded its product suite. In 2020 SoFi launched checking and savings to attract deposits, and the 2022 Golden Pacific Bancorp acquisition provided a full banking charter and access to federally insured deposits. The app now offers loans, mortgages, credit cards, investing, and crypto to 11.7 million members. Q2 2025 revenue reached $855 million with adjusted net income of $97.3 million. Deposits hit $29.5 billion and non-lending segments now contribute 40% of revenue. Tripling the share price by 2030 requires brisk compound revenue and earnings growth while maintaining valuation multiples around current levels.
Read at 24/7 Wall St.
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