SoFi Expects About 50% Earnings Growth in 2027 and Says It Won't Need to Raise New Capital

SoFi Technologies (SOFI) is experiencing strong growth, and its CFO Chris Lapointe expects this trend to continue without the need for additional capital. Since its initial public offering in mid-2021, the company's share count has expanded from 365 million to nearly 1.4 billion, with an additional $1.5 billion in shares created and sold in the last year.

Despite concerns about further dilutive fundraising, SoFi's CFO believes its growth is now self-sustaining, relying on its current cash flow. In Q3 earnings, SoFi raised its 2026 revenue projection to $5.04 billion, up 40% from 2025, and revised its earnings per share to $0.61 from $0.39 the previous year. With a tough 2026 behind it, SoFi now anticipates reaching revenue of $6.4 billion in 2027, a 27% increase over the current projection, which would result in net income of $1.28 billion and earnings per share of $0.90, a 47% increase from the current estimate.

SoFi has already added 1.2 million customers in Q3, a 35% year-over-year growth, and a 44% increase in total active product/service usage, with more than half of product sales coming from existing customers. The company's modest valuation, at 17 times next year's expected per-share profits, suggests room for upside potential, particularly beyond 2027.

Analysts believe the stock is undervalued, with a consensus 12-month price target of $20.67, more than 30% above its current price.