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SoFi reports third-quarter sales and profit
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SoFi reports strong earnings, stock has nearly doubled in 2025

Here are the numbers.

Online lender SoFi Technologies rose after reporting better-than-expected sales and profits amid signs its growing menu of financial products — including trading, wealth management, mortgages, credit cards, and sometime relatively soon, cryptocurrency trading — continuing to gain traction beyond the company’s traditional base of student borrowers.

  • SoFi reported adjusted earnings per share of $0.11 vs. the $0.08 consensus of 11 estimates collected by FactSet.

  • Adjusted revenue was $949.6 million vs. the Wall Street forecast for $888.9 million.

  • SoFi now expects full-year adjusted sales of $3.54 billion vs. the $3.45 billion consensus expectation, according to FactSet.

SoFi shares have been getting increased attention among retail traders this year, with mentions on r/WallStreetBets picking up and call options activity elevated at times during October.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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