Highlights

  • SOFI’s Q1FY25 total interest income increased by 14.7% YoY to USD 763.8 million.
  • The company recorded a net income of USD 71.1 million, reflecting a decrease due to increased total non-interest expenses and higher income tax expenses.
  • SoFi Technologies launched a USD 2 million Rising Stars Program for Tennessee students in partnership with Kelsea Ballerini and tnAchieves.

SoFi Technologies, Inc. (NASDAQ: SOFI) is a financial services provider offering lending, investment, and money management solutions through its Lending, Technology Platform, and Financial Services segments. Its platform enables members to borrow, save, spend, invest, and manage finances across the full credit lifecycle.

In the first quarter of the financial year 2025 (Q1FY25), the company’s total interest income increased by 14.7% YoY to USD 763.8 million, primarily driven by a 23% increase in average interest-earning assets, reflecting the company’s expansion in its lending portfolio. However, net income declined by 19.2% yYoY to USD 71.1 million, due to increased total non-interest expenses as well as higher income tax expenses. Cash flow from operating activities dipped by 97.1% YoY to USD 21.5 million due to decreased cash flow from the origination and purchase of loans, resulting in a 17.8% YoY decline in cash and cash equivalents.

Recent Business Update

SoFi Technologies has launched a USD 2 million Rising Stars Program in partnership with Kelsea Ballerini and tnAchieves on May 16, 2025, to promote financial independence for Tennessee students by providing over USD 500,000 in grants, personalized coaching, and a financial readiness curriculum targeting 60,000 students

SoFi expanded its partnership with Capitalize by integrating the Embedded Rollover API, enabling members to locate and transfer legacy 401(k) accounts into SoFi IRAs more efficiently, on May 7, 2025.

Company Outlook

The company anticipates generating adjusted net revenue between USD 785 million and USD 805 million in the second quarter of 2025. Adjusted EBITDA is projected to be in the range of USD 200 million to USD 210 million.

Management also expects GAAP net income between USD 60 million and USD 70 million, and GAAP earnings per share (EPS) between USD 0.05 and USD 0.06. The guidance reflects continued growth momentum and management’s confidence in the company’s diversified revenue model, despite the prevailing macroeconomic challenges.

Top 10 Shareholders

The top 10 shareholders of SOFI together hold approximately ~25.96% of the total shareholding. The Vanguard Group, Inc. and BlackRock Institutional Trust Company, N.A. are the largest shareholders, holding stakes of approximately ~8.98% and ~3.84%, respectively.

Stock Information

The stock has witnessed an upside of approximately ~11.84% over the last week and a downside of approximately ~5.55% over the past six months. Moreover, the stock is trading above the average of 52-week high price of USD 18.42 and the 52-week low price of USD 6.01, with a  closing price of USD 15.06 as of June 11, 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is June 11, 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.