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Mar 31
SoFi Q1 2025 Earnings Report
SoFi reported record net revenue and member growth in Q1 2025.
Key Takeaways
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.
Record net revenue of $772 million, up 20% year-over-year.
Net income of $71 million, marking the sixth consecutive profitable quarter.
Membership grew 34% year-over-year to 10.9 million.
Management raised full-year 2025 guidance across key financial metrics.
SoFi
SoFi
SoFi Revenue by Segment
Revenue by Segment
Lending Revenue
CapyFin.comTechnology Platform Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
SoFi raised its 2025 guidance, expecting stronger revenue, EBITDA, and profitability.
Positive Outlook
- Raised full-year 2025 adjusted net revenue guidance to $3.235–$3.310 billion.
- Raised full-year 2025 adjusted EBITDA guidance to $875–$895 million.
- Expecting GAAP net income of $320–$330 million for 2025.
- EPS expected to be $0.27–$0.28 in 2025.
- Expecting 2.8 million new members in 2025.
Challenges Ahead
- Net income declined 19% year-over-year compared to Q1 2024.
- Some segments showed slower sequential growth.
- Technology platform contribution margin slightly decreased year-over-year.
- Expected GAAP income margin improvement is modest relative to revenue growth.
- Potential macroeconomic uncertainties could impact member acquisition and loan origination.