Adjusted EBITDA was a record $249 million, up 81% year-over-year, with a margin of 29% and incremental EBITDA margin of 43%.
Fee-based revenue hit a quarterly record of $378 million, up 72% year-over-year, now generating over $1.5 billion annually.
Financial Services and Technology Platform segments generated $472 million in revenue, up 74% year-over-year, representing 55% of total revenue.
Lending segment adjusted net revenue grew 32% year-over-year to $447 million, driven by $6.3 billion in originations, up 18%.
Loan Platform Business originations reached a record $2.4 billion, contributing to total originations of $8.8 billion, up $1.5 billion from last quarter.
Net income was $97 million with an 11% margin and earnings per share of $0.08.
Net interest margin was 5.86%, down 15 basis points sequentially, with deposits growing to $29.5 billion.
SoFi reported record adjusted net revenue of $858 million for Q2 2025, up 44% year-over-year.
Tangible book value increased over $1 billion year-over-year to $5.3 billion, with a $200 million increase quarter-over-quarter.
Total members increased 34% year-over-year to 11.7 million, with 850,000 new members added in Q2.
Total products grew 34% year-over-year to over 17 million, with 1.3 million new products added in the quarter.
Strategic Balance Sheet Repositioning through Portfolio Sales
U.S. Bancorp divested approximately $6 billion in mortgage and auto loans in Q2, leveraging favorable rate environment for asset sales.
The sale of $4.6 billion in mortgage loans was aimed at shifting the asset mix towards supporting fee growth and higher-margin, multiservice clients.
Proceeds from asset sales were reinvested into investment securities, with a $57 million loss from restructuring, expected to benefit net interest income within 2 years.
The company plans to continue opportunistic asset sales aligned with market conditions to support strategic growth objectives.
Alight reported a 2% decrease in revenue to $528 million and a net loss of $1 billion, including a $983 million goodwill impairment, but adjusted EBITDA increased 21% to $127 million, surpassing estimates.
Cannae had net recognized losses of $76 million in Q2 2025, mainly due to Alight's impairment charge, compared to $146 million losses in the prior year quarter.
Cannae Holdings reported a 6.6% decrease in total operating revenue to $110 million in Q2 2025, primarily due to reduced restaurant revenue and diminished lot sales at Brasada Resort.
Ninety Nine Restaurant & Pub's same-store sales declined less than 1%, outperforming the casual dining segment, while O'Charley's faced double-digit declines in same-store sales and guest counts.
Watkins delivered mid-single-digit growth in net sales and high single-digit growth in EBITDA in H1 2025, with expected adjusted EBITDA of $20 million for 2025.
Dafinchi