SoFi Technologies (NASDAQ: SOFI) shares surged more than 10% to $15.96 in premarket trading Tuesday after the digital financial services company reported record third-quarter 2026 results and raised its full-year earnings and revenue forecasts above Wall Street expectations.
Adjusted net revenue rose 44% year over year to a record $1.37 billion, exceeding analysts’ expectations of roughly $1.25 billion. Adjusted EBITDA climbed 70% to a record $470 million, while earnings per share reached $0.18, beating the $0.17 consensus estimate.
SoFi also reported GAAP net revenue of $1.39 billion and net income of $241 million, up from $139.4 million a year earlier.
SoFi Raises 2026 Guidance and Projects Further Growth in 2027
SoFi increased its full-year 2026 adjusted net revenue forecast to approximately $5.04 billion, up from its previous range of $4.75 billion to $4.85 billion and above analysts’ expectations of about $4.87 billion. The updated forecast represents approximately 40% growth from 2025.
The company also raised its adjusted EBITDA outlook to $1.66 billion from $1.6 billion and increased its adjusted earnings-per-share forecast to $0.61 from $0.60.
For 2027, SoFi introduced preliminary guidance of $6.4 billion in adjusted net revenue, up 27% from its revised 2026 forecast. The company also projected adjusted earnings of $0.90 per share. FactSet estimates called for revenue of about $6 billion. Earnings estimates stood at $0.82 per share.
The premarket advance followed three consecutive sessions of declines, during which SoFi shares fell nearly 3% from their October 21 close of $14.90 to $14.46 on Monday. The stock was down approximately 45% year-to-date through Monday.
Record Lending and Membership Growth Drive Quarterly Results
SoFi originated a record $16.9 billion in loans during the third quarter. Personal loan originations rose 69% year over year to $12.6 billion, while student loan originations nearly doubled to $2.9 billion. Home loan originations increased 44% to $1.4 billion.
The Lending segment generated $807 million in adjusted net revenue, up 68% from a year earlier, while Financial Services revenue increased 25% to approximately $525 million.
SoFi added a record 1.2 million members during the quarter, bringing total membership to 17.1 million, a 35% year-over-year increase. Total products reached 26.7 million, up 44% from the prior-year period.
Fee-based revenue reached $570.6 million, supported by loan-origination fees, interchange and brokerage revenue, and contributions from the company’s other financial services businesses.
The Technology Platform segment remained weaker, with net revenue falling about 24% to $87.4 million. The decline reflected the departure of a major customer that had completed its transition off the platform by the end of 2025.
Separately, SoFi Technologies Tokenized Stock (SOFIon), an Ondo tokenized instrument linked to SOFI shares, traded at $15.97, up 9.2% over the preceding 24 hours, according to CoinMarketCap. The tokenized instrument trades separately from SoFi’s Nasdaq-listed shares, and its 24-hour percentage change is not directly comparable with the stock’s premarket gain.