PomegraSoFi Stock Jumps 11% After Record Q3 Revenue, Raised Outlook
Why is SoFi stock up today?
SoFi (SOFI) stock jumped about 11% to near $16 on Tuesday after record third-quarter earnings and a raised 2026 outlook, as revenue rose 44% to $1.37 billion.
Key numbers
| Adjusted net revenue (Q3) | $1.37B+44% YoY |
|---|---|
| Members | 17.1M+35% YoY |
| 2026 revenue outlook | $5.04Bfrom $4.75B–$4.85B |
| Net income (Q3) | $241M+73% YoY (per [4]) |
| Share move (premarket) | +11%to ~$16.08; later ~+14.5% per [4] |
| Stock year to date | -38%after the jump (per [3]) |
What happened
SoFi (SOFI) stock jumped about 11% to near $16 on Tuesday after record third-quarter earnings and a raised 2026 outlook, as revenue rose 44% to $1.37 billion. SoFi is an app that offers loans, banking and investing. It ended the quarter with 17.1 million members, up 35% from a year ago, and lifted its 2026 sales forecast (guidance) to $5.04 billion from $4.75–$4.85 billion. Later in the day, the stock was up about 14%, its biggest one-day gain since April 2025.
Why it matters
SoFi's results show that demand for online loans and banking is still growing even though interest rates are higher than the company expected. Profit rose 73% to $241 million, and loans written off as unpaid (charge-offs) fell to 2.26% from 2.62%. Even so, the stock is still down about 38% this year, so the jump recovers only part of earlier losses.
Who this affects
- MarketbullishLow impact
- Lending-app stocks rose; good for fintech investors.
- CompanybullishHigh impact
- Good for SoFi shareholders; sales and profit beat forecasts.
- CompetitorsbullishLow impact
- Affirm and Robinhood each rose about 2%, mildly positive.
- IndustrybullishMedium impact
- Fewer unpaid loans ease worries about consumer lending.
SoFi vs Affirm, Robinhood
How we got here
SoFi shares close at $14.46 ahead of third-quarter results
SoFi reports record Q3 revenue, raises 2026 outlook and unveils 2027 targets
Shares jump about 11% premarket, then extend gains to roughly 14% later in the session
What to watch
- Whether SoFi holds its gains through Tuesday's market close2026-10-27
- Progress toward the 2027 targets of $6.4B revenue and $0.90 per shareQ4 2026
- Whether the share of loans written off keeps falling from 2.26%Q4 2026
Educational content only. Not investment advice.
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