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.

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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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Visa inched up in after-hours trading, as it reported quarterly numbers that outpaced expectations. The solid, but unspectacular, outperformance — it beat earnings-per-share estimates by a penny — is par for the course for a company that’s developed a reputation as a boring, but consistent, moneymaker seemingly indifferent to economic conditions.

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Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GPU Technology Conference in Washington, DC.