In the past two years, shares of SoFi Technologies (SOFI +1.38%) have rocketed 141% higher (as of Feb. 13). This is despite the fintech stock trading 39% below its peak from November 2025.
After seeing such a huge gain, is it too late to buy SoFi?
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Focus on the fundamentals
The stock could be down in recent months due to macro-related volatility, profit-taking, or any other reason. However, investors should focus on the fundamentals. This will clearly show that it's still a good time to add this business to the portfolio.
SoFi continues to post remarkable growth, with adjusted net revenue rising 37% in the fourth quarter (ended Dec. 31). The company's customer base is expanding quickly, going from 10.1 million to 13.7 million in the past year.
NASDAQ: SOFI
Key Data Points
Adding perspective to the valuation
Despite the gains, investors might still be cautious due to SoFi's elevated forward price-to-earnings ratio of 32.7. After all, the last thing you want to do is overpay for a stock.
Here's where SoFi's profitability comes under the spotlight. Adjusted net income climbed 112% in 2025. It's expected to rise 72% this year. And between 2025 and 2028, the leadership team forecasts 38% to 42% annualized adjusted earnings-per-share growth. It's very difficult not to come away impressed by this trajectory.
Investors willing to buy and hold SoFi with a five- to 10-year time horizon are in position to benefit.
