SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates

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Go back to SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates

SoFi Breaks Down Barriers to Investing By Offering Alternative Investments

January 29, 2024 7:30 AM EST

SoFi Invest members will now be able to invest in mutual funds and money market funds as well as select alternative investments

SAN FRANCISCO--(BUSINESS WIRE)-- SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual... More

SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

January 29, 2024 7:00 AM EST

Accelerating Revenue Growth, Expanding Margins and GAAP Profitability
 Fourth Quarter $615 Million GAAP Net Revenue Up 35% Year-over-Year; $594 Million Adjusted Net Revenue Up 34% Year-over-Year
Record Fourth Quarter Adjusted EBITDA of $181 Million Up 159% Year-over-Year, 30% Target Margin Reached
Fourth Quarter Positive GAAP Net Income of $48 Million, GAAP EPS of $0.02
Quarterly New Member Adds of Nearly 585,000; Total Members Up 44% Year-over-Year to Over 7.5 Million
Quarterly New Product Adds of Nearly 695,000; Total Products Up 41% Year-over-Year to Over 11.1 Million
Fourth Quarter Total Deposit Growth of $2.9 Billion to $18.6 Billion
Fourth Quarter Growth in Tangible Book... More