In what has become the norm over the past several years, when the market is thriving, it’s being led by high-growth stocks. These are often disruptive tech stocks that have incredible opportunities. You can chart this as gains in the Nasdaq-100, a group of 100 tech stocks, versus the S&P 500.
Data by YCharts.
Many high-growth tech stocks are riskier than your average S&P 500 stock, but they can grow your money much more, too. That’s the risk versus reward proposition. If you have $1,000 available to invest, and you’re looking for a top growth stock, I recommend SoFi Technologies (SOFI +0.59%). It’s past its riskiest point, becoming solidly profitable and making a name for itself as a stable player in banking. Here’s why it could be the smartest growth stock to invest your money in.
SoFi is the new player in banking
SoFi has built itself up from a student loan co-op into a full-service online bank. Although lending is still its core business, it now offers a large assortment of financial services products that appeal to its target market of students and young professionals.
Its digital interface and easy-to-use app are attracting new customers in droves, driving high growth. In the 2025 third quarter, adjusted net revenue growth accelerated to 38% over last year, and adjusted net income increased 129% to $139 million. It added 905,000 new accounts in Q3, a quarterly record and a 35% increase year over year. It also added 1.4 million new products, a 36% increase, for a total of 18 million.
There’s growth throughout the enterprise. The lending segment is thriving as interest rates come down, and SoFi had a record $9.9 billion in originations in the third quarter. Lending revenue increased 25% year over year; financial services revenue, which includes the non-lending products, increased 76%; and tech platform, the business-to-business product, was up 12%.
SoFi stock has massive long-term potential
Management sees massive long-term opportunities in monetizing its existing customers, in addition to adding new customers. It envisions a strong cross-selling strategy where customers grow with SoFi as they have greater financial management needs, leaving a long growth runway.
To that end, it’s adding new products all the time. It’s specifically focusing on innovation, especially with blockchain technology, such as a new stablecoin. One of its most exciting new offerings is the Smart Card, which connects all the user’s accounts, already connected on the app, in one card.
SoFi is growing and profitable, and it could add incredible value to a growth-oriented portfolio.
