SoFi Stock (SOFI) News Today: $1.5B Share Offering, New Products, 2025 Guidance, and Analyst Forecasts (Dec. 12, 2025)

Updated: December 12, 2025 — SoFi Technologies, Inc. (NASDAQ: SOFI) is ending 2025 with momentum, controversy, and catalysts all hitting at once: a blockbuster equity raise, a steady drumbeat of new product launches, and a financial story that has shifted from “fintech hype” to sustained profitability. As of this writing on Dec. 12, SoFi shares are trading around $26.82.

Below is a comprehensive round-up of the latest SoFi stock news, the most important forecasts and analyst targets, and the bull vs. bear debate shaping SOFI into 2026.

SoFi stock today: why SOFI is in the spotlight on Dec. 12, 2025

SoFi has been one of 2025’s standout gainers, but investors have recently shifted from celebrating growth to scrutinizing capital strategy—specifically, dilution.

The reason: SoFi executed a $1.5 billion common-stock offering that surprised parts of Wall Street and triggered a pullback even after a strong run-up during the year. Investopedia reported the offering announcement caught investors and analysts off guard, noting it was SoFi’s second major capital raise in six months and came while the stock was near all-time highs (around $32). ^[1]

MarketWatch similarly highlighted the dilution concern and the discount implied by the offering range versus the prior close. ^[2]

The big headline: SoFi’s $1.5B stock offering is done — what happened and what it means

What SoFi did

SoFi priced an underwritten public offering of 54,545,454 shares at $27.50 per share for ~$1.5 billion in gross proceeds, and granted underwriters an option to buy up to 8,181,818 additional shares. ^[3]

When it closed

In a Form 8‑K, SoFi disclosed that the offering was completed on December 8, 2025. ^[4]

Why SoFi said it raised the money

SoFi said it intends to use the net proceeds for general corporate purposes, including strengthening its capital position, improving the efficiency of capital management, and funding incremental growth opportunities. ^[5]

Dilution, in plain English

Using SoFi’s reported ~1.2046 billion common shares outstanding at Sept. 30, 2025 as a reference point, issuing 54.5 million shares equates to roughly ~4.5% incremental dilution (and up to ~5.2% if the full underwriter option were exercised). The precise dilution depends on the share count at closing and whether the option is used. ^[6]

Why some analysts weren’t shocked (even if investors were)

Investopedia cited KBW’s Tim Switzer describing the raise as “opportunistic” with the stock near highs, while also pointing to SoFi capital levels versus bank peers. ^[7]

SoFi’s fundamentals: record Q3 2025 results and raised full-year guidance

The equity offering landed against a backdrop of strong operating results.

Q3 2025 highlights (reported Oct. 28, 2025)

SoFi reported record operating metrics including:

Adjusted net revenue up 38% to a record $950 million
Adjusted EBITDA up 49% to a record $277 million
Fee-based revenue up 50% to a record $409 million
Members up 35% to 12.6 million
Products up 36% to 18.6 million ^[8]

On a GAAP basis, SoFi reported total net revenue of $961.6 million for the quarter. ^[9]

It also posted net income of $139 million in Q3 2025. ^[10]

2025 guidance was raised

SoFi increased its full-year outlook, including:

At least 3.5 million new members in 2025 (about 34% growth vs. 2024 levels)
Adjusted net revenue ~ $3.54 billion (raised by $165 million versus prior guidance)
Adjusted EBITDA ~ $1.035 billion (raised versus prior guidance of $960 million) ^[11]

Reuters: profitability expectations also moved higher

Reuters reported that SoFi raised its full-year adjusted profit outlook after strong results, and highlighted that the company benefited from lower funding costs by shifting away from more expensive warehouse lines as deposits grew. ^[12]

New SoFi product and platform news in December 2025

Beyond earnings, SOFI has been “news-rich” in recent weeks—exactly the kind of flow that can move a high-beta fintech stock.

1) SoFi Smart Card launches (and it’s getting attention)

SoFi announced the SoFi Smart Card, positioning it as an all-in-one account tied to spending controls, rewards, credit-building, and savings yields; availability is tied to eligible new SoFi Plus members. ^[13]

NerdWallet’s early coverage added key practical details: it’s a $0 annual-fee charge card that can earn uncapped 5% cash back at grocery stores, but requires paying in full monthly and ties spending power to the linked SoFi account; it also notes a SoFi Plus membership cost and the break-even spending math for rewards versus membership cost. ^[14]

Why it matters for SOFI stock: cards can drive higher engagement and cross-sell (more products per member), and can also deepen deposit relationships—both are strategic priorities investors track at SoFi.

2) Private markets: access to Epic Games and Stripe via a December window

SoFi and private-markets infrastructure firm Templum opened an accredited-investor window (Dec. 8–19) to invest in Epic Games and Stripe through the Cosmos Fund, following an earlier SpaceX opportunity they said was oversubscribed. ^[15]

Why it matters: alternative assets and “exclusive access” products can be a retention engine for higher-income members and could create new fee lines—though the near-term revenue impact is typically smaller than lending.

3) Crypto is back on the menu

SoFi has been rebuilding crypto capabilities after previously pausing them. Investopedia reported SoFi relaunched a crypto trading platform after pausing service in 2023 while securing a national bank charter, and also referenced management plans including a branded stablecoin in 2026. ^[16]

PYMNTS also summarized SoFi’s product pipeline (including a plan to relaunch crypto trading and a plan for a SoFi-branded stablecoin in 2026) and noted SoFi debuted SoFi Crypto in November. ^[17]

Why it matters for investors: crypto can add engagement and fees, but also increases regulatory and reputational sensitivity—especially for a regulated bank.

SOFI stock forecast: analyst ratings, price targets, and the 2026 debate

Where the “consensus” sits

TipRanks shows a Hold consensus, with a mix of Buy / Hold / Sell ratings and an average 12‑month price target around $26.96 (with a wide dispersion between low and high targets). ^[18]

A separate Nasdaq-hosted Fintel piece described an average one-year price target of $27.48, also emphasizing a broad range of outcomes across analysts. ^[19]

A key takeaway is that SOFI’s stock price has at times run ahead of the average target, which helps explain why “neutral” language persists even after strong reported growth.

Recent calls and changes analysts are watching

JPMorgan: raised its price target to $31 from $28 while maintaining a Neutral rating, in the context of its 2026 fintech outlook. ^[20]
Truist: trimmed its target to $28 from $31 and reiterated Hold, citing tougher comparisons and expectations for slowing growth in coming periods (particularly around loan platform dynamics). ^[21]
William Blair (Andrew Jeffrey): argued near-term risk exists due to difficult Q4 compares and high 2026 EBITDA expectations; he modeled Q4 loan volume at $8.9B (below his prior estimate and below a referenced Street forecast), but framed weakness as potentially a “buy the dip” setup depending on execution. ^[22]

Valuation is the recurring caution flag

One reason some analysts hesitate to chase the rally: valuation. TipRanks’ Truist write-up noted SoFi trading at a high forward earnings multiple versus sector averages (based on adjusted earnings), arguing steep valuation leaves less room for error if growth cools. ^[23]

Bull case for SoFi stock: what could push SOFI higher into 2026

Investors who remain constructive on SOFI tend to focus on a few compounding narratives:

Profitability plus growth (not just growth): SoFi’s results show scale improving, and management has raised 2025 guidance on revenue and EBITDA. ^[24]
Fee-based revenue is rising: Fee-based revenue growth was a major highlight in Q3. If SoFi keeps shifting the mix toward fee streams, bulls argue earnings could become more resilient across rate cycles. ^[25]
Product velocity and ecosystem lock-in: The Smart Card, private markets offerings, and crypto relaunch are all designed to deepen engagement—more reasons to keep the SoFi app as a “primary financial home.” ^[26]
Optionality from fresh capital: Supporters view the equity raise as a war chest that can fund growth while giving regulators and counterparties comfort around capital. SoFi explicitly tied proceeds to capital position and growth opportunities. ^[27]

Bear case for SoFi stock: the biggest risks investors cite right now

Even with improving fundamentals, the market’s caution isn’t random. Key concerns include:

Dilution and capital questions: A $1.5B offering is material, and it’s the second big raise in 2025. Investors may keep asking: If profitability is improving, why raise equity again? ^[28]
Tougher comparisons and potential volume cooling: Multiple analyst notes emphasize that Q4 and 2026 could face more difficult “comps,” especially if underwriting tightens or personal-loan demand normalizes. ^[29]
Valuation sensitivity: When a stock rerates higher, execution must stay clean. Any growth wobble, credit deterioration, or margin compression can hit the multiple harder than it would for a cheaper stock. ^[30]
Crypto introduces a new category of headline risk: Relaunching crypto capabilities can be additive, but regulatory shifts and market volatility can amplify reputational and compliance risk—especially for a chartered bank. ^[31]

What to watch next: key SOFI catalysts after Dec. 12, 2025

If you’re tracking SoFi stock into early 2026, these are the practical signposts most likely to move shares:

Underwriter option activity (whether additional shares are issued) and any follow-up capital actions ^[32]
Q4 2025 earnings and 2026 guidance: watch member growth, product growth, fee-based revenue trajectory, and credit performance ^[33]
Loan Platform Business and lending volume (several analysts are explicitly modeling deceleration) ^[34]
Traction for new products (Smart Card adoption, private markets participation, crypto engagement) ^[35]

Bottom line on SoFi stock on Dec. 12, 2025

SoFi is entering 2026 with a rare combination for a fintech-turned-bank: rapid member growth, expanding product breadth, rising fee revenue, and sustained profitability, alongside a capital raise that creates both strategic flexibility and fresh dilution concerns. ^[36]

Wall Street’s current stance is best described as cautiously neutral: price targets cluster around today’s share price, while analyst commentary splits between those warning about tough comparisons and valuation versus those arguing weakness may be an opportunity if execution holds. ^[37]

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