SoFi Technologies (NASDAQ: SOFI) reported third-quarter earnings on Nov. 1 with revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $424 million and $44.3 million, respectively -- ahead of the analysts' consensus estimates. The company added 424,000 new members and 635,000 new products in the third quarter, bringing the total to 4.7 million members and 7.2 million products.

These numbers are impressive, especially when the entire fintech sector is grappling with recessionary and inflationary pressures. SoFi is also witnessing a lack of demand for student loan refinancing due to the ongoing moratorium on student loan payments and low demand for home loans.

Yet the company seems to have managed to beat all odds and has also guided for strong fourth-quarter results. Is SoFi worth owning now? Let's find out.

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Source Fool.com