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Sep 30, 2022
SoFi Q3 2022 Earnings Report
Reported record GAAP and Adjusted Net Revenue.
Key Takeaways
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.
GAAP Net Revenue of $424 Million Up 56%; $419 Million Adjusted Net Revenue Up 51% Year-over-Year
Record Adjusted EBITDA of $44 Million Up 332% Year-over-Year and Up 118% Sequentially
New Member Adds of Nearly 424,000; Quarter-End Total Members Up 61% Year-over-Year to Over 4.7 Million
New Product Adds of Over 635,000; Quarter-End Total Products Up 69% Year-over-Year to Nearly 7.2 Million
Revenue by Segment
Forward Guidance
Management now expects full-year 2022 adjusted net revenue of $1.517-1.522 billion (up from $1.508-1.513 billion previously) and full-year adjusted EBITDA of $115-120 million (up from $104-109 million previously).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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