If You'd Invested $500 in SoFi Stock 1 Year Ago, Here's How Much You'd Have Today

Core Insights - SoFi Technologies has experienced significant stock growth, with a 130% increase over the past year, reflecting strong market performance and investor enthusiasm [2][6][7] - The company reported impressive financial results, including a record addition of 905,000 members in the third quarter and an increase in adjusted earnings per share (EPS) from $0.05 to $0.11 year-over-year [4][6] - SoFi positions itself as a "one-stop shop" for financial management, continuously launching new services to enhance user experience and drive customer growth [3][4] Financial Performance - SoFi's current market capitalization stands at $33 billion, with a stock price of $28.23, reflecting a day's change of 3.94% [5][6] - The company's gross margin is reported at 60.33%, indicating strong profitability potential as it scales its low-cost platform [6] - The stock has shown a significant price range over the past year, fluctuating between $8.60 and $32.56, highlighting its volatility and growth potential [5][6] Growth Potential - Management envisions SoFi becoming a "top-10 financial institution," suggesting a long runway for growth and expansion in the digital finance sector [7] - The rapid member growth and increasing revenue indicate that SoFi is effectively capturing market share and enhancing its service offerings [4][7]