SoFi Technologies announced it is raising its full-year profit forecast after posting record third-quarter results that surpassed Wall Street expectations. The strong performance was driven by a surge in fee revenue and continued user growth across its diverse range of financial products.

The fintech company reported that its adjusted revenue climbed 38% year-over-year to $950 million, comfortably beating analyst estimates of $886.6 million. Adjusted profit more than doubled to $0.11 per share for the three months ending September 30, topping the expected $0.08 per share. Following the news, SoFi shares saw a 3.8% increase in pre-market trading.

A Renewed Push into Digital Assets

Alongside the impressive earnings report, CEO Anthony Noto reaffirmed that the company is on track to launch Bitcoin and other cryptocurrency trading services before the end of the year. SoFi is also planning a more significant move into the digital asset space with its own SoFi USD stablecoin, which it aims to roll out in the first half of 2026.

This initiative marks a confident return to the crypto market. In June, SoFi announced it was reintroducing spot crypto trading after halting these services in 2023 due to regulatory constraints. The update will once again allow SoFi members to buy, sell, and hold cryptocurrencies directly on the platform. SoFi’s strategy mirrors a broader trend in the financial industry, as banking giants like Morgan Stanley are also preparing to offer crypto trading to retail clients on their E*Trade platform.

From Student Loans to Fintech Powerhouse

Originally founded as a startup focused on refinancing student loans, SoFi has successfully evolved into a comprehensive financial services platform. The company now offers products ranging from IPO investing and credit cards to high-yield savings accounts, boasting a market capitalization of approximately $36 billion.

In addition to reinstating crypto trading, SoFi is developing a self-serve international money transfer feature. This service will enable users to send funds to dozens of countries directly from the SoFi app, utilizing secure blockchain networks for instant settlement. The company promises full transparency on fees and exchange rates, with recipients receiving funds in their local currency. Noto has emphasized that SoFi views blockchain and crypto as central to the future of finance, underscoring the company’s goal to give its members greater control over their financial lives.