SoFi Technologies (SOFI.O) on Tuesday raised its full-year profit forecast to above Wall Street expectations after a surge in fee revenue and record results in the third quarter. The company's shares rose 3.8% in pre-market trading.

SoFi has grown from a student loan refinancing startup into a full-fledged financial services company, offering everything from IPO investing to credit cards and savings accounts, with a market capitalization of approximately $36 billion.

SoFi CEO Anthony Noto said SoFi is on track to launch crypto trading this year, with the SoFi USD stablecoin launching in the first half of 2026. Adjusted revenue for the third quarter increased 38% year-over-year to $950 million, beating expectations of $886.6 million. Adjusted profit doubled to $0.11 per share in the three months ended September 30, exceeding expectations of $0.08 per share. (Reuters)