SoFi Technologies reports strong Q3 momentum with $1.013B quarterly revenue, up 37% year-over-year. Financial Services and Tech Platform segments surged 61% to $579M combined, while fee-based revenue climbed 50% to $443M, signaling a strategic shift toward capital-light operations. Personal loan charge-offs rose modestly to 2.80% with FICO scores remaining robust at 744-749, confirming prime borrower quality. Loan sales jumped to $12.8B from $6.6B year-over-year, demonstrating aggressive risk transfer and balance sheet strengthening. The company is transitioning from balance sheet dependency to sustainable, recurring revenue streams, addressing previous valuation concerns and positioning for profitable growth ahead.
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