When asked what they see as the most innovative industries, investors probably won't pick financial services. But SoFi Technologies (NASDAQ: SOFI) is changing that narrative. Its monster growth proves how well it's resonating with customers. The fintech stock is making an aggressive push into the cryptocurrency market. If history repeats, shareholders may enjoy supercharged returns. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, wh ...

In the fourth quarter, SoFi’s financial services and technology platform segments combined generated $579 million of revenue, up 61% year-over-year and representing 57% of total revenue, Noto said.Management repeatedly pointed to a shift toward more capital-light and fee-based revenue. Noto said quarterly total fee-based revenue hit a record $443 million, up more than 50% from the prior year; Lapointe put the year-over-year increase at 53%. Executives cited contributions from the Loan Platform Business (LPB ...

SoFi Technologies (NasdaqGS:SOFI) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Company ParticipantsAndrew Jeffrey - Partner and ResearchAnthony Noto - CEOBrian Denyeau - Head of Investor RelationsChris Lapointe - CFOJohn Hecht - Managing DirectorKyle Joseph - Managing DirectorNoah Katz - Senior Equity Research AssociatePeter Christiansen - DirectorReggie Smith - Executive Director of Equity ResearchWilliam Nance - VP of Equity ResearchConference Call ParticipantsDan Dolev - FinTech Equity Research Sen ...

Financial Data and Key Metrics Changes - In 2025, adjusted net revenue reached a record of $3.6 billion, up 38% year-over-year [32] - Adjusted EBITDA was also a record at $1.1 billion, up 58% year-over-year, with a margin of 29% [32] - Net income for the year was $481 million, representing a margin of 13% [32] - In Q4 2025, adjusted net revenue grew 37% year-over-year to $1.013 billion, marking the first billion-dollar quarter [33] - Adjusted EBITDA for Q4 was $318 million, with a margin of 31% [33] Business Line Data and Key Metrics Changes - Financial services generated record revenue of over $1.5 billion in 2025, up 88% from the prior year [34] - The lending segment achieved record adjusted net revenue of over $1.8 billion in 2025, up 24% from the prior year [38] - The tech platform generated record revenue of over $450 million in 2025 [36] - In Q4, the Loan Platform Business generated $194 million in adjusted net revenue, nearly 3x higher than the same period last year [35] Market Data and Key Metrics Changes - The company added a record 1 million new members in Q4, increasing total members by 35% year-over-year to 13.7 million [8] - The company achieved a cross-buy rate of 40% for new products opened by existing members, up 7 percentage points year-over-year [9] - Brand awareness reached an all-time high of 9.6%, up 250 basis points from Q4 2024 [16] Company Strategy and Development Direction - The company aims to leverage its one-stop-shop model to drive durable growth and innovation across its product offerings [5][13] - Plans to expand into new areas such as crypto, AI, and business banking, capitalizing on a strong balance sheet and member base [7][17] - The company is focused on enhancing product quality and brand awareness to drive customer acquisition and reduce marketing costs [60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects, citing a strong member base and innovative product offerings [13] - The company expects to increase total members by at least 30% year-over-year in 2026, with adjusted net revenue projected at approximately $4.655 billion [49] - The outlook includes expectations for continued strong revenue growth across all segments, with a focus on capital-light, fee-based revenue [54][55] Other Important Information - The company raised $1.5 billion in new capital in Q4, enhancing its funding base and flexibility for growth opportunities [46] - Tangible book value grew by over $4 billion year-over-year to $8.9 billion, with tangible book value per share increasing by 57% [48] Q&A Session Summary Question: Can you break down the consolidated guidance at the segment level? - Management expects revenue growth of 40% or more for financial services, approximately 23% for lending, and about 20% for the tech platform in 2026 [54] Question: Can you elaborate on the acceleration in KPI growth and its sustainability? - Management noted that unaided brand awareness has increased significantly, and they are confident in reaching higher levels of awareness and product quality to drive growth [58][60] Question: How do you view origination allocation between LPB and other segments? - Management indicated that demand remains robust, and they have flexibility to choose between capital-light fee-based revenue and retaining higher returning assets on the balance sheet [64][66] Question: Can you provide insights on deposit growth and recent downward beta? - Management confirmed that deposit growth is primarily from member deposits, with a consistent downward beta of 60%-70% since launching the bank [70][73] Question: Do you think innovation in fintech could spur more interest from platform customers? - Management expressed optimism that new products like crypto and stablecoin could enhance interest and demand from tech platform customers [75]

SoFi Technologies (NasdaqGS:SOFI) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Speaker5Good morning or good afternoon, all. My name is Adam, and I'll be your conference operator today. At this time, I would like to welcome everyone to the SoFi Technologies fourth quarter and full year 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this tim ...

Group 1: Bitcoin Market Overview - Bitcoin started 2025 at $93,615.04, dropped to a low of $76,270.13 in April, and reached an all-time high of over $126,000 in early October, before retracing approximately 30% to around $90,000 due to aggressive selling and profit-taking by large holders [1][3][7] - The expected passage of the CLARITY Act in January 2026 is anticipated to create a regulatory framework for digital assets, boosting institutional investor confidence and paving the way for further investments [2][5] - Bitcoin is facing the threat of a crypto winter in 2026, with bearish analysts predicting prices could fall to $70,000 in the near term and potentially to $56,000 in the long term [3][4] Group 2: Institutional Demand and ETF Inflows - Institutional demand is expected to recover, with BlackRock ranking iShares Bitcoin Trust ETF (IBIT) among its top three investment themes for 2025, attracting around $25 billion in net inflows this year [5] - Net inflows in crypto ETFs are projected to exceed $50 billion in 2026, driven by the launch of over 100 crypto-linked products following the approval of generic listing standards by the U.S. SEC [5] Group 3: Company-Specific Insights - Robinhood Markets (HOOD) is benefiting from higher transaction revenues due to growing retail market participation and is expected to continue its growth through strategic acquisitions and product expansion [6] - Klarna Group Plc (KLAR) reported a 32% year-over-year increase in active consumers to 114 million and expanded its cryptocurrency footprint with partnerships, positioning it for growth [9] - SoFi Technologies (SOFI) launched SoFiUSD, a fully reserved U.S. dollar stablecoin, and became the first nationally chartered bank in the U.S. to offer crypto services for retail customers [11] - CME Group (CME) experienced record volume growth, with a trading record of 340,000 contracts per day in Q3 2025, and plans to offer 24/7 trading of cryptocurrency futures and options starting early 2026 [13]

Core Insights - SoFi Technologies has launched its first stablecoin, SoFiUSD, marking a significant step in its blockchain strategy and crypto expansion [1][2] - The company is leveraging its status as a regulated national bank to address inefficiencies in payment flows and liquidity movement, rather than for speculative purposes [2] - The market has responded positively to this development, viewing it as an extension of SoFi's fee-based and technology-driven business model [2] Company Overview - SoFi Technologies is a digital financial services company based in San Francisco, California, offering a comprehensive ecosystem that includes lending, banking, investing, credit cards, and financial planning [3] - The company holds a national banking charter, providing regulatory advantages over fintech competitors, and has a market capitalization of $32 billion, categorizing it as a large-cap fintech firm [3] Stock Performance - SOFI stock has experienced volatility over the past year, with a trading range between $8.60 and $32.73, currently trading around $27, outperforming the overall market in the last 12 months [4] - Despite strong appreciation, the stock has not yet reached its recent peak [4] Valuation Metrics - SoFi Technologies exhibits high valuation multiples, with trailing and forward P/E ratios of 84x and 68x, respectively, indicating market expectations for earnings growth [5] - The price-to-sales (P/S) ratio stands at 11.4x, reflecting a premium compared to traditional banks, though it is comparable to other infrastructure-driven fintech companies [5]

Core Insights - SoFi Bank has launched its own stablecoin, SoFiUSD, on the public blockchain, fulfilling previous plans to integrate cryptocurrency into its services [1][2] Company Developments - The launch of SoFiUSD allows SoFi to offer its stablecoin infrastructure to other banks and fintechs, enabling them to white-label SoFi's stablecoin, which will be interchangeable with SoFiUSD [3] - CEO Anthony Noto emphasized that blockchain represents a transformative technology for finance, stating that SoFi is leveraging its decade-long infrastructure to address real-world financial challenges [4] Industry Context - SoFi claims to be the first national bank to launch a stablecoin on the public blockchain, distinguishing itself from other banks like JPMorgan Chase and Société Générale, which have launched private stablecoins [6] - The recent passing of the Genius Act has prompted other banks, including Citi and PNC, to explore stablecoin issuance through partnerships with Coinbase's crypto-as-a-service arm [7] - The Federal Deposit Insurance Corp. (FDIC) is moving to implement rules for banks to issue payment stablecoins, acknowledging uncertainty about how many banks will pursue this opportunity [8][9]

Core Viewpoint - SoFi Technologies is seeking to raise $1.5 billion through a stock offering to diversify its business beyond lending [1] Group 1: Stock Offering Details - The company is collaborating with Goldman Sachs for the stock offering, with shares priced between $27.50 and $28.50, representing a discount of up to 7.1% from the previous closing price of $29.60 [1] - The proceeds from the stock sale will be used to enhance the company's capital position and explore new business opportunities [1] Group 2: Stock Performance - Following the announcement, SoFi's stock price fell by 5.8% in after-hours trading to $27.89 [1] - Year-to-date, the stock has increased by 92% as of the last closing [1] Group 3: Financial Performance - In its Q3 report on October 28, SoFi reported a record adjusted net revenue of $949.6 million, exceeding analyst expectations of $898.2 million [1] - CEO Anthony Noto indicated that the expansion in customer services beyond lending contributed to the record performance [1] Group 4: New Product Offering - In November, SoFi announced that users can join a waitlist for SoFi Crypto to gain priority access for trading various cryptocurrencies [1]

Core Viewpoint - SoFi Technologies is initiating a public offering of $1.5 billion in common stock to fund additional business opportunities and enhance its capital position Group 1: Public Offering Details - The company plans to grant the underwriter a 30-day option to purchase an additional 15% of the shares offered in the public offering [2] - The net proceeds from the offering will be used for general corporate purposes, including enhancing capital position, increasing optionality, and funding incremental growth [3] Group 2: Company Overview and Services - SoFi's app is utilized by over 12.6 million members for various financial activities, including borrowing, saving, and investing [4] - The technology platform Galileo is employed by FinTechs and financial institutions to manage financial solutions across 160 million global accounts [4] Group 3: Product Developments - Recent product pipeline developments include the launch of SoFi Pay, a blockchain-enabled remittance service, and plans to relaunch crypto trading within the SoFi app [5] - The company debuted SoFi Crypto, allowing customers to trade Bitcoin, Ethereum, and Solana, marking a significant step in integrating banking and cryptocurrency [6] - Future plans include a SoFi-branded stablecoin in 2026 and an AI-powered Cash Coach [5]