SoFi Earnings Reports

SoFi Technologies delivered strong financial results with record net revenue of $772 million, positive net income, and significant growth in members and products, while raising its full-year guidance for 2025.

SoFi Technologies reported strong Q4 2024 results, with net revenue of $734 million and net income of $332 million. The company achieved record adjusted net revenue, driven by growth in the Financial Services and Tech Platform segments. Total members reached over 10.1 million, and total products were over 14.7 million.

SoFi Technologies reported a strong Q3 2024 with record adjusted net revenue of $689.4 million, a 30% increase year-over-year. The company achieved GAAP net income of $60.7 million, marking its fourth consecutive quarter of profitability. Member growth and product innovation were key drivers, with Financial Services and Tech Platform segments contributing significantly to revenue growth.

SoFi Technologies reported strong Q2 2024 results, including a 20% increase in total net revenue to $598.6 million and a net income of $17.4 million, marking its third consecutive quarter of GAAP profitability. The Financial Services and Tech Platform segments drove growth, and management raised its full-year 2024 guidance.

SoFi Technologies reported a strong start to 2024 with significant momentum in revenue growth and diversification towards Financial Services and Tech Platform segments. The company achieved GAAP net income of $88 million and adjusted net revenue of $581 million, representing 26% year-over-year growth. Management raised FY24 guidance based on the strong Q1 performance.

SoFi Technologies, Inc. reported strong Q4 2023 results, with a 35% increase in GAAP net revenue year-over-year to $615 million and positive GAAP net income of $48 million. The company added nearly 585,000 new members and 695,000 new products during the quarter. Adjusted EBITDA reached a record $181 million, representing a 159% year-over-year growth.

SoFi Technologies Inc. reported record GAAP net revenue of $537 million, up 27% year-over-year, and adjusted net revenue of $531 million, also up 27% year-over-year. The company added over 717,000 new members and achieved record adjusted EBITDA of $98 million, representing a 121% increase year-over-year. Excluding a goodwill impairment, the EPS loss was $0.03, reinforcing confidence in achieving positive GAAP net income in Q4 2023.

SoFi Technologies, Inc. reported record GAAP net revenue of $498 million, up 37% year-over-year, and adjusted net revenue of $489 million, also up 37%. The company added over 584,000 new members and nearly 847,000 new products. Total deposits grew by $2.7 billion to $12.7 billion. Management raised full-year 2023 guidance.

SoFi Technologies reported record GAAP net revenue of $472 million, a 43% increase year-over-year, and adjusted net revenue of $460 million, also up 43%. The company added over 433,000 new members, bringing the total to nearly 5.7 million, and nearly 660,000 new products, reaching almost 8.6 million total products. Adjusted EBITDA reached a record $76 million, up 772% year-over-year. Management raised full-year 2023 guidance.

SoFi Technologies Inc. reported record financial results for Q4 2022, with a 60% increase in GAAP net revenue year-over-year to $457 million and a 58% increase in adjusted net revenue to $443 million. The company's GAAP net loss improved by 64% year-over-year to $40 million, and adjusted EBITDA reached a record $70 million, up 15.3x year-over-year.

SoFi Technologies, Inc. reported strong financial results for the third quarter of 2022, with record GAAP net revenue of $424 million, up 56% year-over-year, and adjusted net revenue of $419 million, up 51% year-over-year. The company also reported record adjusted EBITDA of $44 million, up 332% year-over-year. New member adds were nearly 424,000, and new product adds were over 635,000.

SoFi Technologies, Inc. reported strong second-quarter results with record adjusted net revenue of $356.1 million, up 50% year-over-year, and adjusted EBITDA of over $20 million. The company achieved its second-highest member growth and product growth ever, with total members reaching 4.3 million and total products reaching 6.6 million. Strength across all three business segments — Lending, Technology Platform, and Financial Services — contributed to the robust performance.

SoFi Technologies Inc. reported strong Q1 2022 results, with record adjusted net revenue up 49% year-over-year. The company achieved its seventh consecutive quarter of positive adjusted EBITDA and saw robust growth in members, products, and cross-buy. Management also raised full-year 2022 guidance.

SoFi Technologies reported record GAAP revenue of $286 million and adjusted revenue of $280 million for Q4 2021, representing year-over-year growth of 67% and 54%, respectively. The company achieved a positive adjusted EBITDA of $5 million for the sixth consecutive quarter and added a record 523,000 new members and 906,000 new products during the quarter.

SoFi Technologies reported a strong third quarter in 2021, marked by record GAAP and adjusted revenue, and a 96% year-over-year increase in members, reaching 2.9 million. The company's strategy to be a one-stop shop for digital financial services is paying off, with growth and diversification across its three business segments. SoFi exceeded $1 billion in annualized run-rate revenue and now has $4.6 billion in capital.

SoFi Technologies reported strong second-quarter results, exceeding financial expectations with record adjusted quarterly net revenue and the fourth consecutive quarter of positive adjusted EBITDA. The company saw significant growth in members and total products, driven by expansion in the Financial Services segment and increased its Galileo account base to nearly 79 million.