Why Is SOFI TECHNOLOGIES IN (SOFI) Stock Up Today?

SOFI Technologies shares surged 13.42% to close at $16.40 on Tuesday, driven by a strong third-quarter earnings report. The fintech lender posted record revenue and membership growth, prompting management to raise its 2026 guidance and provide a bold 2027 outlook.

What Happened

The company reported third-quarter revenue of $1.4 billion, exceeding the estimated $1.25 billion, while adjusted earnings per share came in at $0.18 against an estimate of $0.16. Revenue grew 44% year over year, and adjusted EBITDA surged 70% to $469.8 million. CEO Anthony Noto and Chief Financial Officer Chris Lapointe highlighted durable margins and accelerating loan demand during the earnings call.

Management raised its full-year 2026 outlook and projected $6.4 billion in adjusted net revenue and $0.90 in adjusted EPS for 2027. The company noted that membership surpassed 17 million, with member growth reaching 35%. This expansion signals a durable business model without the need for a new capital raise.

What The Data Shows

The stock printed 24 fresh 52-week highs and one fresh 52-week low on October 27, 2026. Over the last eight sessions, the stock moved up 9.9%, rising from $14.92 to $16.40. The company has a market capitalization of $18.9 billion and a P/E ratio of 30.5, with trailing twelve-month revenue growth of 40.9%.

Unusual options activity included 11 notable prints in the last 36 hours, with call premium of $4.7 million versus put premium of $2.0 million. The largest single print was $1.8 million. Insider filings show zero buys and four sells totaling $853,000 in the last 90 days, with the most recent sale on October 22, 2026.

What To Watch

Investors will monitor the company's ability to sustain its 2027 revenue target of $6.4 billion. The stock's high beta of 2.33 suggests continued volatility as it trades within its 52-week range of $13.86 to $32.73.