I’m not engaged with $SOFI one way or another, but pulling the earnings summary from the filings given the high interest among the blossom community and my dear followers. Results, versus Q2 2025, versus estimates: • Adjusted net revenue $1.21B vs $858M, up 40%. Consensus $1.11B, a 9% beat. • Net income $157M vs $97M, up 61% • Adjusted EBITDA $358M vs $249M, up 44%. Margin 30% vs 29% • EPS $0.12 vs $0.08, up 50%. Consensus $0.11, so a beat of 1 penny • Originations $14.8B vs $8.8B, up 69%. Members up 35%, products up 42% • Charge-offs improved. Total 1.81% vs 2.12%, personal loans 2.62% vs 2.83% • They raised revenue guidance to $4.75-4.85B and left EBITDA at $1.6B, with adjusted net income at $825M and EPS at $0.60. • Financial Services contribution margin 46% vs 52%. Directly attributable expenses up 46% on 29% revenue growth • Tech Platform contribution profit down 65%, margin 14% vs 30% • Sales and marketing $392M, up 48%, outpacing 43% revenue growth Stock reacted declining ~9.5% on open and my view is it’s a forward guidance and margin compression issue more than delivered results. They raised revenue to $4.75-4.85B and left adjusted EPS at $0.60, so none of the raise reaches the bottom line. To hit that number, net income margin has to run about 20% in the second half against 14% in the first half and 16% in the second half of last year. And the fee engine is slowing where it matters most. Loan platform fees, what SoFi earns arranging loans for third parties instead of holding them, grew 11% year over year after growing 49% last quarter. That is the capital-light part of the model, and it stalled in the same quarter management promised more operating leverage. Growth is real. They are just paying more for each dollar of it. So, strong Q2 results, but future guidance not as exciting in my opinion. Not financial advice
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Scott S@scottsinvesting · 6h
Best overview of $SOFI's earnings & guidance that I've seen today by far... You shared the good, the bad & the indifferent. Most of the posts I've read are solely focused on the positives, which is useless and/or misleading IMO. I own SOFI shares and think the report was good, but it needed to be great based on the valuation it's currently trading at. The drop isn't surprising. Cheers Moe...
