SoFi’s Record Quarter Exposes a Divide in Its Growth Engines

SoFi reported $1.39 billion in quarterly revenue and $241 million in net income, supported by record lending activity. The company’s technology division remains under pressure following the loss of a major customer. Management’s 2027 forecast assumes continued expansion in earnings and operating margins. SoFi Technologies reported record third-quarter revenue of $1.39 billion and net income of $241 million on October 27, as stronger consumer lending, deposit growth and fee income helped offset weakness in its technology business. Revenue increased 44% from a year earlier, while net income rose 73%.

Source: ETHNews