SoFi Technologies Q2 2025 Earnings Preview: Crypto Relaunch and Margin Watch

SoFi Technologies SOFI will report Q2 2025 earnings before the market opens on Tuesday, July 29. Consensus estimates point to EPS of $0.06 and revenue of $804 million, up 42% from a year ago. Analysts have been raising estimates, and shares closed at $21.20 on July 25 2025, up 32% over the past month and just 6% away from its all-time highs, reflecting strong sentiment ahead of the Q2 report.

SoFi reported Q1 adjusted net revenue of $771 million and net income of $71 million, with member count rising by a record 800,000 to 10.9 million, while fee-based revenue and platform usage saw record levels. Management projects Q2 adjusted net revenue between $785 million and $805 million, with GAAP net income translating to EPS of $0.05 to $0.06.

Investors will focus on whether member growth, product adoption, and fee diversification continue to accelerate, with growth in technology platform fees (via Galileo), momentum in loan platform activity, and improved deposit funding efficiency key to sustaining margin expansion.

Investors will also be tracking management commentary about re-entry into cryptocurrency services. After suspending Bitcoin and Ethereum trading in late 2023 as part of compliance with OCC requirements tied to its bank charter, the firm plans to relaunch crypto investing, custody, stablecoin-based remittances, staking, and loans against digital assets later in 2025, leveraging new OCC guidance that allows national banks to offer crypto-related services. This move could contribute fee based revenue growth and reinforce SoFi's positioning as a regulated digital-first platform.