SoFi Technologies Inc Stock News

Digital bank SoFi Technologies (SOFI 2.89%) stock gained 26% in July, according to data provided by S&P Global Market Intelligence. The market celebrated some new launches and an excellent earnings report.

SoFi (SOFI -0.37%) went public through a special purpose acquisition company, or SPAC, in early 2021 by combining with a blank-check company sponsored by Chamath Palihapitiya. Shares of the blank-check company started trading in late 2020 for $10, and SoFi currently trades for a little more than twice that amount.

SoFi stock price has pulled back and moved into a correction after falling by over 13% from its highest level this year. It was trading at $21.55 on Tuesday, which was up by 255% from its 2024 lows.

SoFi Technologies (SOFI -0.81%) reported a stunning 459% increase in net income in its latest quarter -- could this be the next big thing in fintech? In this video, I dive into SoFi's rapid growth and the risks that could challenge its future.

SoFi Technologies delivered strong Q2 results, beating expectations on both adjusted net sales and non-GAAP profits, driven by robust member and Financial Services growth. The Financial Services segment is rapidly expanding, with contribution profits up 241% YoY, and is on track to surpass Lending, as the primary profit driver. SoFi raised its 2025 guidance, now projecting 30% sales growth and ...

SoFi (SOFI 2.80%) stock investors have been treated to a flurry of new information.

SoFi's (SOFI 2.80%) recent quarterly report showed that customers continue to flock to the platform. And the company is using that growth and a shift in how it funds loans to drive profits higher.

Who doesn't love a comeback story? While the most significant stock gains in 2025 have gone to AI hyperscalers, the market has rallied hard off the April lows, and investors are feeling more optimistic despite trade war headwinds and job market uncertainty.