SoFi Technologies (NASDAQ: SOFI) reported second-quarter earnings that exceeded expectations, resulting in a surge in stock price. Revenue grew by 44% year over year, with a membership base increase of 34%. The company’s loan platform business is generating high-margin fee income, contributing to its strong profitability. SoFi’s asset quality is improving, with a declining net charge-off ratio. Management raised full-year 2025 guidance and plans to raise $1.5 billion in fresh capital. The company also has underappreciated growth drivers in student loans and home loans, anticipating exciting opportunities ahead.

Read more at Yahoo Finance: 5 Important Takeaways From SoFi’s Blowout Earnings Report