SoFi Technologies Inc

Latest Results (11.11.2025):

SoFi Technologies Inc reported its fourth quarter fiscal 2023 financial results with strong revenue growth, record adjusted EBITDA, and positive GAAP net income. The report highlights include significant year-over-year improvements in key metrics—35% increase in GAAP net revenue to $615 million, record adjusted EBITDA of $181 million (up 159%), and a return to profitability with a GAAP net income of $48 million. The quarter further saw robust membership and product growth, deposit increases, and an expanding margin profile driven by diversified revenue sources.

Revenue Growth

For Q4 fiscal 2023, GAAP net revenue reached $615 million (up 35% YoY) while adjusted net revenue was $594 million (up 34% YoY), reflecting consistent revenue acceleration across SoFi Technologies Inc’s business segments.

Record Adjusted EBITDA and Profitability

The quarter achieved record adjusted EBITDA of $181 million, a 159% increase year-over-year, meeting the long-term target 30% margin. SoFi returned to positive GAAP net income with $48 million in profits and EPS of $0.02.

Membership and Product Expansion

Strong customer acquisition was evident with nearly 585,000 new member adds and a 44% increase in total members to over 7.5 million. Additionally, new product adds of nearly 695,000 pushed total products up 41% to over 11.1 million.

Deposit and Margin Improvements

Total deposits grew by $2.9 billion to $18.6 billion during the quarter, supporting a record net interest margin of 6.02%. These improvements, along with a diversification milestone—where 40% of adjusted net revenue came from non-lending segments—position SoFi strongly amid macroeconomic uncertainties.