SoFi Technologies Inc

Latest Results (21.09.2025):

SoFi Technologies Inc reported robust financial results for the fourth quarter of 2024, achieving record adjusted net revenue and maintaining its fifth consecutive quarter of GAAP profitability. The company's growth was fueled by significant increases in its financial services and technology platform segments, as well as substantial growth in its member and product base.

Record Adjusted Net Revenue

Adjusted net revenue for Q4 2024 reached $739.1 million, a 24% increase compared to the same quarter last year. This growth was driven by a 52% combined increase in the Financial Services and Tech Platform segments, which now account for 49% of total adjusted net revenue.

GAAP Profitability Sustained

SoFi reported GAAP net income of $332.5 million and diluted earnings per share of $0.29 for the fourth quarter, marking its fifth consecutive quarter of GAAP profitability. On an adjusted basis, net income was $61.0 million with adjusted diluted EPS of $0.05.

Strong Fee-Based Revenue Growth

Fee-based revenue reached a record $289.5 million in Q4 2024, increasing by 63% year-over-year. This growth underscores the strength of SoFi's shift towards higher return on equity and cash-generating revenue streams.

Significant Member and Product Expansion

In Q4 2024, SoFi added a record 785,000 new members and 1.1 million new products, driving a 34% growth in members and 32% growth in products for the year. These additions reflect SoFi's broad product suite and effective growth strategy.

Positive Full-Year Performance

For the full year 2024, SoFi achieved GAAP net revenue of $2.7 billion, a 26% increase from $2.1 billion in 2023. Adjusted net revenue also grew 26% to $2.6 billion, while GAAP net income for the year reached $498.7 million.