SoFi Technologies (SOFI +1.86%) is achieving notable success in the competitive world of financial services. And investors have benefited. Shares are up 186% in the past three years (as of March 2). This phenomenal gain has occurred even though they trade 43% below their all-time high from November 2025.
There are reasons for investors to be bullish. But is this fintech stock your ticket to becoming a millionaire?
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SoFi is showing no signs of slowing down
The main factor that investors probably zero in on is SoFi's tremendous growth. It registered a year-over-year adjusted net revenue increase of 38% in 2025. That was an acceleration compared to 2024, indicating momentum that's strengthening.
Research from The Motley Fool shows that digital banking access is important for customers. And SoFi excels in this regard, as its easy-to-use interface has been catching on remarkably. SoFi ended 2020 with 1.9 million customers. As of Dec. 31, 2025, it reached 13.7 million. This type of growth is not common in the financial services industry.
SoFi's ability to attract younger consumers can be beneficial over the long term. As these people make more money, their financial needs will evolve and become more complex. SoFi will be able to leverage its relationships to serve these customers, providing a durable tailwind for revenue growth.
Unlike typical growth stocks, though, SoFi is consistently profitable. Ever since the fourth quarter of 2023, it has generated positive net income in every single three-month period. And this will only become more pronounced in the future (more on this below).
NASDAQ: SOFI
Key Data Points
Don't bet it all on one stock
Every investor wants to find the lottery ticket that can set them up for life and help them get to millionaire status. While this can be alluring, investors shouldn't depend on any individual business to drive their returns. The best investors work toward building diversified portfolios that can perform well over the long term and under different circumstances.
That being said, SoFi is certainly worthy of investment consideration right now. With the stock taking a dip, it trades at a forward price-to-earnings ratio of 30.1. This doesn't look cheap at first glance.
However, consider the company's profit trends. SoFi's management team expects adjusted net income to be $825 million in 2026. That would be 72% higher than 2025's total. And between 2025 and 2028, they believe adjusted earnings per share will grow at a compound annual rate of 40% (at the midpoint).
Based on this type of outlook, long-term investors would be wise to purchase this fintech stock.
