Wall Street · Bitcoin Magazine
SoFi Stock (SOFI) Climbs 15% on Record Quarter, Crypto Reaches 503,000 Products
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SoFi shares jumped 14.6% to $16.56 after a record third quarter, with crypto reaching 503,070 products and adjusted EPS of $0.18 beating estimates.
Key facts
- The company earned $0.18 per share on an adjusted basis, topping the Zacks Consensus Estimate of $0.17 and rising from $0.11 a year earlier
- SoFi shares jumped 14.6% to $16.56 after a record third quarter, with crypto reaching 503,070 products and adjusted EPS of $0.18 beating estimates
- Crypto transaction revenue totaled $161.6 million in the quarter, but the cost of that revenue reached $160.0 million
- Buy trades rose 18% to 133,937, and sell trades rose 8% to 84,532
Summary
SoFi Technologies reported record third-quarter 2026 results earlier Tuesday, and its crypto business reached 503,070 products by quarter-end. That said, crypto remains a small line in the results. SoFi earns a fee on each buy and sell order, while the bulk of gross volume flows through as cost. Per the company, member trading picked up in September.